Search
 

Ace Sues OneBeacon for ‘Employee Raid,’ Theft of Trade Secrets

Ace Group says competitor OneBeacon and eight former Ace employees conspired to steal trade secrets before their coordinated resignations.

By Chad Hemenway | Updated on September 12, 2012

Ace Group says competitor OneBeacon and eight former Ace employees conspired to steal trade secrets before their “coordinated resignations.”

In a lawsuit filed in U.S. District Court in Eastern Pennsylvania by Philadelphia-based Ace American Insurance Co. against OneBeacon U.S. Holdings, Ace claims its entire East Coast surety department resigned during the afternoon of July 30 within a span of about 15 minutes.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.