WTW
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The US regulator faces litigation from both sides of the climate issue. -
Increased reinsurance retentions left some insurers with their worst net results in a decade.
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Graham Knight will become chairman of natural resources.
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WTW said the rise of the risk from health and safety was “surprising”.
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WTW said adverse development “is evident” in auto liability lines from 2015 to present.
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WTW hired Kolos for transactional solutions, Chin for tax insurance and Kesack for contingent solutions.
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The facility offers a range of $25mn to $50mn in excess capacity.
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Insurance Insider US runs you through the earnings results for the day.
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At market close, WTW shares were up almost $18.
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The CEO said winning back clients had “validated” the broker’s approach.
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Risk and broking was driven by new business, client retention and rates.
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The role marks Miranda Rodriguez’s return to WTW from Brookfield Asset Management, where she was vice president of risk and insurance.
