WTW
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The broker said there was still a “big unknown” around the potential global economic impact of the conflict. -
WTW forecasts that cyber rates could increase by 100% to 200% for heavily exposed industries.
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The intermediary said capacity for downstream energy has now returned to 2017 levels.
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The potential for major deterioration on a 2019 loss could yet prove “devastating” for the market.
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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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Defendants claim that WTW’s complaint “improperly seeks to transform a simple contract dispute with certain former employees into a series of tort claims”.
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The embattled broker could stand to lose around $50mn in Ebitda as major economies shun Russian trade.
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Before his promotion, the executive served as WTW’s head of strategy based in London since April 2019.
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The move follows similar actions taken by Aon and Marsh McLennan.
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Singh had managed Lloyd’s catastrophe risk appetite prior to joining MS Amlin.
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The company said it introduced cyber into the survey for the first time and that the line showed a significant rate increase.
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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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