News

The broker saw several exits from its marine team in the run-up to its aborted merger with Aon.

Pat Gallagher said Gallagher was ready to “kick some ass” following the Willis Re acquisition.

The move follows another recent energy-related departure from Willis, with news that McGill and Partners had hired former upstream energy broker Ian Elwell.

The executive will join the business in early January, replacing Mike Cain.

Andrew Hill had served as group COO at the legacy specialist since 2019.

Account wins include Swedish steel manufacturer SSAB and iron ore producer LKAB, both won from Aon.

The Australian Reinsurance Pool Corporation (ARPC) and Insurance Council of Australia (ICA) have welcomed draft legislation and regulations with an A$10bn ($7bn) guarantee from the Australian government for the country’s cyclone reinsurance pool.

For the carrier’s P&C business, the company said it would focus on annual revenue growth of 3%-4% between 2022 and 2024.

Sources said the syndicate had absorbed heavy losses in 2020 and was also facing capital charges to support cat-exposed business.

He will work closely with Amy Barnes to support clients through the climate transition.