The Hartford Financial Services Group is suing Arch Insurance Group for allegedly poaching its financial products division of scores of executives, as well as trying to steal trade secrets.
The suit, filed on July 2 in New York State Supreme Court in Manhattan, accuses Arch and several former Hartford executives of “egregious, ongoing misconduct,” charging that Arch raided the Hartford Financial Products division of at least 60 employees.
The Hartford accuses its former company executives, now with Arch, of contacting employees in their division and urging them to leave the company because the division is “a sinking ship.”
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