American International Group and a group of its excess and surplus lines subsidiaries have filed suit against Dellwood Insurance Group and three former AIG executives who launched the nationwide E&S lines insurance holding company about a month ago.
According to the lawsuit filed in U.S. District Court in New Jersey, AIG seeks to stop the “unlawful misappropriation of AIG’s trade secrets and confidential information” allegedly committed by Michael Price, Kean Driscoll, and Thomas Connolly. AIG is also suing for alleged breaches of contract, breaches of fiduciary duty, unfair competition, and violation of the Computer Fraud