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WRB’s head of political lines Sundeep Daddar and PV underwriter Luke Bennett are to leave the company as a result of the exit. -
The appointment of Will Jones comes during a time of change for the WTW terrorism and political violence team.
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Jefferies has been awarded the mandate to seek a buyer for the segment.
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The move comes as the London market continues to suffer from a lack of cyber capacity.
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The ECI-backed business will likely be marketed on a ~£15mn Ebitda figure.
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Amid Ukraine uncertainty, there is extreme wariness among reinsurers to provide PV and terrorism cover as part of bundled specialty treaties.
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The senior broker has worked at Guy Carpenter for more than 25 years and specialises in life, A&H and crisis management.
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The independent broker has an end to its long search for a new owner in sight.
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The MGA will not trade for the foreseeable future after Munich Re and Ascot decided to pull its paper.
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NDAs have been sent out to global insurance groups and heavyweight PE firms, it is understood.
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Lisa Leahy will be reunited with former colleague and TMK’s divisional head of aviation, James Walker, in her new role.
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The marine underwriter first joined the carrier in 2020 after leaving long-standing employer Atrium.
