WTW
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Bonnet has spent more than four years at WTW in increasingly senior roles.
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WTW claims at least two $1mn accounts were also unfairly lost to Howden.
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Property underwriters are ‘competing fiercely’ to access mining risks.
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Former head of construction Bill Creedon will assume the role of chairman.
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Not everyone will emerge unscathed as brokers navigate the slow-growth environment.
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Verita leadership and staff will remain intact and “seamlessly functional”.
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WTW is “particularly interested” in growing markets like wealth management with bolt-on M&A.
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Brown & Brown fell 10% and Ryan Specialty 8% as investors digest the deteriorating outlook.
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Renewable energy premium written in London and international markets amounts to $2bn.
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She joins the brokerage after 18 years at Canada’s Intact.