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Company-specific strategies will play a vital role in sustaining growth in the current market. -
CEO Carl Hess said WTW is entering 2025 with “considerable momentum”.
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The executive was CFO of Marsh Specialty and Global Placement.
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Stuart Heath will retain his current role of head of delegated property.
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The Bermudian’s wildfire loss estimate was based on an industry loss range of $35bn-$45bn.
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The carrier’s US platform will continue to be led by long-time executive Sal Pollaro.
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The average change for primary policies with the same limit and deductible was a 3.5% decrease.
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Other backers include Arch Specialty, Allianz, Allied World and HDI.
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Interest in maintaining current DUAE relationships outweighs forging new ones.
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Andy Taylor will also retire after over 25 years with the company.
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The PE firm held over 6.7 million Axis shares, around 8.2% of shares outstanding.
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Challenges will include boosting the target’s organic growth, Building the Machine, and prepping for an IPO.
