WTW
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In October 2023, it was announced that Powell was leaving Marsh to join WTW as the broker’s global chief claims officer. -
The broker said there was a “record level of dry powder” waiting to be deployed.
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Joining WTW in 2010, Despina Buganski has served as COO for the Ppersonal lines business since 2015.
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Tyson Stevenson will be responsible for producing new business and driving growth in WTW’s real estate portfolio for 2024.
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Commercial Property experienced the greatest rate increase, with a double-digit surge that came in slightly lower than the previous quarter.
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The appointment comes two weeks after this publication revealed that the executive had resigned from Lockton to join the rival broker.
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The broker said reinsurance capacity has contracted over the past 18 months, and the once-diamond-hard aviation war market has started to soften.
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WTW also said private equity will continue to dominate the M&A landscape in 2024, with firms sitting on “over $2tn in dry powder” which is ready to deploy.
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The broker said it anticipated new entrants in the downstream class following a profitable 2023.
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A quick roundup of this week’s biggest stories.
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The executive joined family-owned Lockton in 2020, as director of energy within the South Florida-based Latin America and Caribbean team.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
