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The CEO said Marsh McLennan had grown EPS through previous recessions and that tailwinds remained for the business. -
The news comes after this publication revealed Kerrigan Read is also set for WTW.
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Luis Maurette, current head of Latin America and head of global sales and client management, will retire on December 31, 2022.
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The move to sell comes amid heightened interest in European broking assets.
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The president of the US operation also highlighted specialty lines and fac as key opportunities in the states.
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Plus all the latest people moves and the top news from the week.
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Peru’s state-owned firm Petroperu has said that the broker designated to run its account was chosen as a result of a “technical evaluation”, following local media and Inside P&C reports that WTW had won with the highest bid in the process.
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Its total risk transfer programme is sized at just over $9bn, down $400mn from year-end 2021.
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Ex-Gallagher executive Jose Antonio Osterling and former JLT VP Luis Felipe Ganoza will head the business, sources said.
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Before his appointment, the executive served multiple senior leadership roles within the division across Germany and Northern and Central Europe.
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Fabien Conderanne most recently held the role of head of financial solutions for Asia Pacific.
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Clear Group management Mike Edgeley and Howard Lickens will remain with the company.
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