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The executive was most recently at Oliver Wyman after joining from AIG last year. -
The firm acquired total assets of $65mn and assumed liabilities of $11mn.
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Q1 rates in most lines were consistent with prior quarters but slightly down on 2024.
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The initial offering will include 6,875,000 shares of common stock.
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The broker said the burgeoning class of business was still finding its stride.
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The carrier is offering shares priced at $29-$31.
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Secondary perils are no longer so secondary, but the losses are already priced in for commercial property.
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Growing economic and population exposures are driving potentially larger insured losses.
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The hires form part of WTW’s build-out of its US aviation practice.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Sources said JP Morgan and RBC are advising the brokerage.
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The deal is expected to close in the second quarter.
