Court ruling forces Peter Hearn to pay Willis Re $2.8mn

A US district court has ruled former Willis Re chairman Peter
Hearn must pay the reinsurance broker $2.8mn after defecting to
join rival Guy Carpenter last year.
The ruling comes in an embittered legal battle between the
executive and his former employer over a portion of his
performance-related bonus that Willis Re claimed should be
repaid.
Hearn departed Willis Re in May last year before being named as
the new CEO of rival Guy Carpenter, sparking a legal feud.
The...