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At 1 January renewals, prices dropped 5%-15% for loss-free programmes. -
CEO Carl Hess said WTW is entering 2025 with “considerable momentum”.
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The executive was CFO of Marsh Specialty and Global Placement.
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Stuart Heath will retain his current role of head of delegated property.
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Aviation premiums have been described as “woefully inadequate” considering rising liability losses.
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The carrier’s US platform will continue to be led by long-time executive Sal Pollaro.
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The average change for primary policies with the same limit and deductible was a 3.5% decrease.
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The executive has worked in a variety of senior underwriting roles at the reinsurer.
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The executive spent 43 years with WTW before joining Gallagher through the Willis Re sale.
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Miller said the purchase would be its most significant since returning to independence in 2021.
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The offering will provide D&O, professional indemnity/errors and omissions, crime and cyber cover.
