WTW
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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.
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Willis’ continued reinsurance build-out has targeted London and Bermuda marine and retro specialists.
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Brokers across London and Bermuda have handed in their notice to join the start-up reinsurance broker.
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The Bermuda-based team is led by John Fletcher.