A LONG-SIMMERING dispute among Ryan Specialty, CRC Insurance Services and Crump Group over the poaching of employees has come to end with a settlement.
In a terse statement, all three parties say they have resolved “existing disputes between them in a global, confidential settlement agreement.” A pending lawsuit will be dismissed, the statements say.
In February, Crump said it reached an agreement to not proceed with—or at least delay—a suit against Ryan over one former employee's violation of a non-compete agreement.
CRC had its own claims against Ryan, concerning 120 employees who left to join the competitor.
Winston-Salem, N.C.-based bank BB&T Corp., CRC's parent company, acquired Crump in February.
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