WTW

The broker argued that WTW conspired with former employees Terry Rolfe and Daryl Abbey to use its confidential information and divert customers to WTW.

Although 2022 was on balance, a good year, macro-economic issues such as a slowing economy, falling employment, and loss cost reversion could create an overhang for 2023.

The move aligns WTW resources with specialist industries to operate as standalone businesses within North America.

Based in Toronto, the executive will focus on supporting clients to redesign their businesses with structures aimed at delivering better results.

Only D&O and workers’ compensation clients experienced price decreases during Q3, according to WTW.

Based in New York, Sallada will focus on developing and executing an industry vertical growth strategy for the broker’s casualty business.

Evan Freely will head up a team of 130 staff specializing in credit and political risk.

The members were unanimously selected by the board as part of its multi-year succession planning process.

Mahoney joins from Aon, where he was team leader for US general casualty and energy in London.

The business line’s premium increases this year were less pronounced than in 2021, when quarterly renewals were in the 50%-200% range.

The product will provide $100mn in cover across eight countries at high risk of tropical cyclones.

The project, funded by Agence Française de Développement, was revealed during the G20 Leaders’ Summit in Bali.