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The broker facility is led by Beazley’s Smart Tracker Syndicate. -
WTW will hold a significant minority stake in the start-up with an option to acquire complete ownership over time.
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The MGU also announced a string of promotions to leadership, including RWI CUOs and a new head of Europe.
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The broker will track and rank carriers’ response times.
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WTW sold Willis Re to Gallagher in 2021 for $3.5bn.
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The reinsurer tends to support a number of syndicates where it has a potential relationship.
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Chris Nixon has been promoted to underwriting manager, executive & professional lines, UK.
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He joins from Swiss Re, where he has spent the last 27 years of his career.
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The commercial chief said Aon will avoid disrupting clients’ insurer relationships.
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The executive is currently Asia Pacific CEO.
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A resurgence in IPO activity may help provide new business for underwriters and reduce competition.
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The sale of the business was confirmed in June.
