WTW
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Richard Stockley joins several Willis alumni at the new broking operation. -
Carriers report claims cost inflation of less than 1 percent for 2019 to date, down from just under 3 percent for 2018.
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The senior broker resigned from Willis Towers Watson yesterday, according to sources.
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The product is the first non-US cat bond issued in the past nine months.
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Allison Barrett will move to the carrier from a senior financial institutions role at Willis Towers Watson.
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After two quarters of pouring cold water on price firming, brokers have changed their framing of the market in Q3.
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He is based in Miami and will help build out he broker’s environmental liability operation.
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The CEO added that he was pleased with the progress of Tranzact following the July acquisition.
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Overall InsurTech funding for the first nine months outstrips the 2018 total, the broker says.
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A panel of upstream energy experts at the Energy Insurance London conference nevertheless see opportunities from the transition to renewables.
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Nancy Woode takes on the remit after leading the broker’s south Atlantic business region.
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Private brokers continue acquisition driven growth and deliver high margins, but deferred integration costs and elevated leverage remain issues to watch.
