WTW

Differences in business mix and definitions yield differing trajectories for brokers, but in the absence of a recession, we may see continued margin improvement.

WTW is quietly sounding out market executives for a potential relaunch into reinsurance once its two-year non-compete agreement with Gallagher Re ends in December, this publication can reveal.

The broker said that key hires – including Lucy Clarke – would pay off in improved results.

The broker said it experienced headwinds from prior-year book sales, inflation and investment costs.

Areas of focus should include hiring external talent, securing capital for M&A, speeding up US growth, and answering the reinsurance question.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Pat Donnelly has succeeded Lucy Clarke at Marsh, and Adam Garrard at WTW has moved into a chairman role.

Allegretti joins as WTW’s personal lines P&C sales director for the ICT division, while Anderson-Higgins will step into the corresponding role for commercial insurance lines.

The executive will be responsible for the growth of the hospitality insurance portfolio and for providing service to current and prospective clients in this segment.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The exercise is no longer focused around crunching wholesale broking relationships down to a small preferred panel.