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Liberty Mutual Sues Aspen Insurance for Stealing Secrets

Source: Reactions, Business Insurance

Posted on 04 Feb 2010

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Liberty Mutual has filed a lawsuit against rivals and former executives and Aspen Insurance, alleging that they conspired to steal the insurer's professional liability business.

Boston-based Liberty Mutual, in the suite filed Monday in New York Sate Supreme Court, said nine former employees who left Liberty Mutual last month to join Aspen "breached their duties of loyalty by helping Aspen steal from Liberty the infrastructure necessary to run a successful professional liability insurance operation in direct competition with Liberty."

The suit, which seeks compensatory and punitive damages, states: “Rather than build its own infrastructure through legal means, Aspen pilfered that necessary infrastructure from Liberty, its competitor, by inducing Liberty's employees to breach their duty of loyalty by, among other things, taking with them Liberty's confidential proprietary information and trade secrets.”

Named as individual defendants in the lawsuit are Bruce Eisler, former senior vp in Liberty Mutual's professional liability division; Justin Camara, Rob Cunningham, Ross Goodman and Ross Herlands, all former vps in the division; Susan Dufresne and Judith Olivier, former assistant vps in the division; and Bryan Nogaki and Douglas Sifert, former underwriting specialists in the division.