WTW
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The parties now have 60 days to file a stipulation to dismiss the action. -
The deal valued the tech-driven broker at over ~21x 2025 adjusted Ebitda, suggesting a hefty premium.
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Several lines had price decreases, while growth in most sectors slowed from previous quarters.
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WTW still has meaningful capital to deploy next year but will provide details on its next earnings call.
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Newfront’s business units will be combined with Risk & Broking and Health, Wealth & Career.
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Investors recalibrate their expectations for the segment as the soft market approaches.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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He and Fletcher stand accused of aiding Willis Re in an unlawful team lift.
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GC continues to pursue Willis Re and individuals in court.
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Senior Willis Re recruit Jim Summers denied Kevin Fisher had a role at the start-up.
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Success in the soft market will be had when careful preparation meets opportunity.
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The broker is monitoring whether the economic environment will limit discretionary spending.
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The broker said it was on track to hit its financial goals despite macro uncertainty.
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The broker said WTW hasn’t shown it was irreparably harmed by the defection.
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WTW’s Jessica Klipphahn will take over as head of North America mid-market.
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Bonnet has spent more than four years at WTW in increasingly senior roles.
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WTW claims at least two $1mn accounts were also unfairly lost to Howden.
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Property underwriters are ‘competing fiercely’ to access mining risks.
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Former head of construction Bill Creedon will assume the role of chairman.
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Not everyone will emerge unscathed as brokers navigate the slow-growth environment.
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Verita leadership and staff will remain intact and “seamlessly functional”.
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WTW is “particularly interested” in growing markets like wealth management with bolt-on M&A.
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