WTW
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The buybacks will be in addition to the $1.3bn remaining on the broker’s current open-ended repurchase program. -
Inside P&C’s news team canters through the week’s key developments.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The loss of the carrier’s Russian operations is set to create “modest margin headwinds” for the business.
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The company posted adjusted diluted earnings per share of $2.66, ahead of analyst consensus of $2.50.
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Michael Chang will join WTW later this year with current head of corporate risk and broking for North America, Mike Liss, set to retire in 2023.
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WTW Peru recently appointed head Gerbo Pacchioni will report to Tagle as part of the cluster.
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Cyberattacks and data losses were the top risks with 65% and 63%, respectively, followed by cyber extortion and regulatory threats with 59% and 49%.
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The appointments come as the broker revamps its corporate development operations.
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The brokers asked the judge to delay some pre-trial conferences by two weeks as they could obstruct the settlement negotiations.
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The broker said there was still a “big unknown” around the potential global economic impact of the conflict.
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WTW forecasts that cyber rates could increase by 100% to 200% for heavily exposed industries.
