WTW
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Sources have emphasised that such pauses are a routine part of the Phase II review process. -
Margins expanded in three of four business units, including by 200 bps in corporate risk and broking, but contracted by 37 bps overall.
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Michael Burwell, Gene Wickes, Carl Hess and Joseph Gunn will each receive a payment for staying with the business until the deal closes.
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Executives reiterate the mid-single expansion guidance announced in March, despite growing organically by 1% in 2020.
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Of the largest insured losses from single events last year, the top eight occurred in the US.
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In a joint submission, the intermediaries argue that the deal will not reduce market competition in New Zealand.
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Business COO James Platt will take on the role until the expected closing of the broker’s merger with Willis Towers Watson.
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Companies with strong brands still fall down on “traditional success criteria”, the InsurTech head says.
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Before Willis, the executive had been with Lockton and Aon in his nearly 30-year career.
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The broker warns that some carriers are seeking to limit cover in response to the attack.
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Bloomberg Law reports that a settlement would bring litigation in Virginia and Delaware to a close.
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Inside P&C’s research team examines some of the areas that will be closely watched during the results season.
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