Marsh McLennan
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The move comes as Michael Creighton is made credit and political-risk director for Africa. -
Willis Re kicked off its talent acquisition with mass hiring from Guy Carpenter over the summer.
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The broker said WTW hasn’t shown it was irreparably harmed by the defection.
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Property pricing fell by 8%, while casualty rate increases tapered to 3%.
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Plus, the latest people moves and all the top news of the week.
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Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.
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The broker’s new business and client services division is targeting $400mn of savings.
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Earlier this week, the broking house announced a rebrand to Marsh.
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Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
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Plus, the latest people moves and all the top news of the week.
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Willis claims at least two $1mn accounts were also unfairly lost to Howden.
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Sources said Marsh Specialty UK growth leader Lizzy Howe will lead the operation.
