WTW

Despite an upswing in deal activity, large deals have continued to see a steady decline in volume that began in 2021.

The two executives, based in Dallas, Texas, have close to 60 years of combined insurance experience.

The start-up MGU will initially focus on real estate, hospitality and leisure, financial institutions and professional services industries.

The executive was most recently global engagement partner at Marsh.

Survey participants said "much work remains post-implementation".

Besides reinsurance broking, MGAs and MGUs, affinity is another segment where WTW can scale its operations, the executive noted.

The investor’s stake in WTW is now valued at roughly $120mn, while its position the prior quarter was worth around $423mn, according to its Q1 13-F filed with the SEC.

Prior to joining WTW, Bryce was a partner and private client practice leader at Canadian broker The Magnes Group.

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.