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Richardson has been with the firm since 2015 and was most recently vice chair and chair of international. -
The broker noted a “significant variation” in renewal outcomes.
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The executive has experience as both an attorney and a broker.
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The deal, revealed by this publication in December, values the firm at $14bn.
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A second look at the services deals boom powered by this publication’s M&A Tracker.
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The measure could have landed insurers with extra tax on US business.
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The restructuring affected less than 5% of its workforce, according to the company.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The broker built out Lockton Re’s US casualty and professional lines treaty book.
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Sources said BMO was retained earlier this year to advise on the strategic process.
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Willis’ continued reinsurance build-out has targeted London and Bermuda marine and retro specialists.
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