shutterstock_512784988_lazyllama1
Shutterstock/lazyllama
25 March 2019Insurance

AJG’s Alesco feared ‘planned attack’ of poaching by Ross’ Ardonagh

The departure of four people from an Arthur J Gallagher team to join the Ardonagh group was viewed as a “planned attack”, according to John Thompson, a managing partner at Alesco, as he gave evidence in the poaching case brought by AJG.

The defence asked if AJG would have faced the same uncertainty if the four resigning employees - Nawaf Hasan, Gerard Maginn, James Brewins and Peter Burton - had gone to different employers.

Thompson said: “We thought we were under a planned attack by this stage,” he said, adding: “We didn’t know where the attack was going to end.”

He suggested that fears were raised by potential exit of Hasan and Maginn as they were key producers for AJG, or “rainmakers”, that generate business. He described the situation as "exceptional” and told the court their exit would unsettle other employees.

Thompson also told the court about an “approach” made to him by Ardonagh’s David Ross via an old contact Henry Lombardi, to potentially join Ardonagh, citing a “head-turning” amount of money on offer.

In a statement read out to the court by the defendant's representative, Thompson said: “Mr Ross called me at home ... He talked in general terms about what he was trying to build at the Ardonagh Group, saying he wanted to build the biggest and best London independent broker.”

Following this, Thompson said he had agreed to meet Ross.

Thompson told the court, he had told AJG about the approach because “it is in my contract to tell my current employer of any approaches”.

Thompson said that during the approach Ross had discussed recruiting him and his construction team. “In fact they started to name individuals within my team.

“I said the timing is not great. But again, I would say , my Lord, that because of the amount of money involved it was head-turning.”

Join us at Intelligent Automation in Insurance - April 26th 2018, London:  Book now.

More of today's news EU regulator approves Marsh-JLT merger; date set for final completion

TMR acquisition accelerates our strategy, access to attractive risk: RenRe CEO

Willis Towers Watson poaches London market claims expert for reinsurance unit

Chubb appoints accident & health division head in Singapore

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
18 August 2021   The company is focussing on the growth and development of delegated authority offering
Insurance
24 June 2021   The executives have formerly worked at Guy Carpenter and Price Forbes, among others.
Insurance
21 May 2019   Two investment funds have agreed to buy a £92million ($117 million) stake in independent broker the Ardonagh Group.