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Sources said the downstream energy market is unlikely to turn a profit in 2025. -
Partner Neo Combarro announced his departure on LinkedIn in May.
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The Bermudian investor already owned a 1% interest in the NY-based MGA platform.
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Willis has been adding brokers to its aviation unit in Europe and the US.
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The availability of capacity remains the market’s key driver, the broker said.
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Rates continue to drop as capacity is ample, the broker said.
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Plus the latest people moves and all the top news of the week.
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Clients are increasingly using captives because of uncertainty around long-term capacity commitments.
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The cyber business will continue to operate as a standalone entity.
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Carriers expect a rise in the severity and frequency of claims over the next two years.
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The carrier has entered several new classes recently, including specie and reinsurance.
