WTW
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Bonnet has spent more than four years at WTW in increasingly senior roles. -
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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Brown & Brown fell 10% and Ryan Specialty 8% as investors digest the deteriorating outlook.
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Renewable energy premium written in London and international markets amounts to $2bn.
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She joins the brokerage after 18 years at Canada’s Intact.
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Willis’ continued reinsurance build-out has targeted London and Bermuda marine and retro specialists.
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Brokers across London and Bermuda have handed in their notice to join the start-up reinsurance broker.
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The Bermuda-based team is led by John Fletcher.
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Increases dropped to 5.3% from 5.6% for the previous quarter.
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The broker is launching a reinsurance arm in partnership with Bain Capital.
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The suit names former Marsh execs Hanrahan and Andrews as defendants.
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During first quarter earnings calls, insurers argued that they can mitigate volatility.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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It will be tough to pull off prior goals despite management assurances.
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The pair add to the roster of aviation-focused hires at WTW.
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The hires form part of WTW’s build-out of its US aviation practice.
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Lucy Clarke said the broking business was resilient in the face of macro challenges.
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Organic growth was flat on the prior year and in line with Q4 2024 figures.
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Insurance Insider US explores the economics of the lift-out growth strategy.
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A positive outcome could significantly curb insurers’ exposure to the loss.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Of the 178 passengers and crew on board, no serious injuries have been reported.
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The big brokers are lining up London capacity to write follow lines on US risks.
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Q2 renewals will likely signal changes in the reinsurance market, the broker said.
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The arrival of Marsh’s Donnelly will "accelerate" US specialty growth, the CEO said.
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Company-specific strategies will play a vital role in sustaining growth in the current market.
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CEO Carl Hess said WTW is entering 2025 with “considerable momentum”.
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The executive will link up again with former colleague Lucy Clarke in Q2.
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Starr-leads the WTW-placed all-risks cover for American Airlines.
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Bradley was construction team leader for US casualty at WTW.
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The Willis name, which dates back to 1828, will be used with clients and markets.
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He succeeds Hugo Wegbrans, who becomes head of CRB for Europe.
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But forecasts of slowing growth in recent years have been too pessimistic – and uncertainty remains.
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CMP and BOP reached their highest levels in over a decade.
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Some will play “pretend and extend”, but others will sell to strategics or take the steep climb to an IPO.
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A quick roundup of our best journalism for the week.
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The firm’s trajectory could, however, make it harder to meet guidance going forward.
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Adam Garrard will cover his responsibilities on an interim basis.
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WTW will hold a significant minority stake in the start-up with an option to acquire complete ownership over time.
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WTW sold Willis Re to Gallagher in 2021 for $3.5bn.
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The global market is stabilising and softening, and casualty and specialty lines are generally stable, the CEO said.
