WTW
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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.
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The project, funded by Agence Française de Développement, was revealed during the G20 Leaders’ Summit in Bali.
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The broker warned that more insurers will restrict or drop oil and gas business in the coming years.
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The brokers asked the judge in the case for a 30-day extension to finalize settlement terms in Aon’s suit against WTW.
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Inside P&C’s news team runs you through the key highlights of the week.
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Growth is accelerating at the broker in the wake of a challenging period following the collapse of the Aon merger.
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The acceleration defied wider sector trends, which has led to slowing growth at other brokers.
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As the super-cycle slows and the economic landscape becomes more uncertain, brokers will face pressure, though a cooling labor market may aid margins.
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Lopez succeeds Hector Martinez, who was appointed as Latin America leader at WTW earlier this year.
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WTW has hired Michelle Cui from Zurich North America as director of actuarial property and casualty in its insurance consulting and technology business.
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The brokers are working on finalizing the terms in a written settlement agreement, which could be filed within two weeks.
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