Marsh & McLennan Agency sues Granite Insurance over client poaching

MMA claims that the impact was immediate and severe. On the same day Tedder’s employment ended, MMA received a broker of record (BOR) notice from a long-term client, signaling that the account was moving to Granite. Over the following months, MMA says it began receiving additional BORs from client accounts directly tied to Tedder, with the accounts moving to Granite as the new broker of record. The complaint alleges that, from late September 2024 through the present, MMA lost over 21 client accounts to Granite, with the loss of revenue from the diversion of these clients exceeding $1 million in annually recurring revenue. MMA alleges that Granite’s CEO, Cameron Annas, had a longstanding relationship with Tedder and recruited him with the intent to gain access to MMA’s confidential business information and client base.