Marsh McLennan
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This publication revealed the GC trio were set to join the start-up broker in June. -
Fears relating to an economic downturn continue to dominate concerns.
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Marsh has accused its former execs of flouting a preliminary injunction.
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Marsh is also seeking expedited discovery in a related talent poaching case.
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The lawsuit alleges that Marsh misnamed the insured party on the policy.
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Parties will now brief on a request for a preliminary injunction on an expedited timeline.
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Liberty recently restructured its UK and MENA underwriting leadership.
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Chris Lay will retire from the business in Q1 2026.
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A motion by defendants to dismiss the case was also denied.
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Tim Wakeman joined Marsh in 2021 and previously worked at Elseco.
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The move comes after the withdrawal of a complaint in the Delaware court.
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A New Jersey judge also refused to grant WTW’s request for a restraining order.
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The Marsh-placed account renews its all-risks cover on 16 November.
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Marsh is also suing a second tier of former Florida leaders.
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The move comes as Michael Creighton is made credit and political-risk director for Africa.
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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.
