WTW
-
The CEO outlined areas of the business which needed additional care and attention, while highlighting the need to build a culture of trust between management and staff. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Financial results in the fourth quarter were impacted by senior staff departures and lost business.
-
CEO Carl Hess said the results did not fully reflect the near and long-term potential of the firm.
-
The broker joins after a brief spell at Aon, where he was head of EMEA business development.
-
Stock prices fluctuated, and InsurTech short-sellers took some profits.
-
Higher returns are available, but at the cost of increased revenue risk, slower results and potential cultural challenges.
-
The brokers will have until early 2023 to settle the case via private mediation or the case will move forward to a jury trial that could last between seven and 10 days.
-
The broker said the last three years of hardening had led to a “substantial technical correction”.
-
The change comes as the broker seeks to draw a line under a tumultuous chapter in which the planned takeover of Willis by rival Aon collapsed.
-
The executive will be based in Toronto reporting directly to Mike Liss, Willis’ North America risk & broking leader.
-
This year deals will continue to increase but ESG, inflation and supply chain issues bring complexity.
Related
-
US commercial rate rises continue on downward trend: WTW
June 10, 2025 -
Marsh sues WTW over alleged aviation team raid
May 09, 2025