-
COO Nate Mathis will become interim CEO of the firm's London wholesale broking operations. -
The London-based managing director is the latest in a stream of departures from the broker’s facultative division.
-
Major increase in incentive pool represents an early step from management to shore up its staff base.
-
The investment bank said a transaction would stabilise employee retention at Willis Re and allow Willis to pursue buybacks.
-
Further resignations were expected after vesting of compensation incentives, following a number of departures from the firm in the past year.
-
Any transaction would be predicated on a major reorganisation of the acquisition target, slowing deal progress.
-
Details of potential additional divestitures are closely guarded, but they would likely include P&C broking assets.
-
The consortium, understood to have a limit of $30mn, is targeting mid-market business.
-
The executive stood down from leading Sompo International’s reinsurance business last year.
-
A departure in the spring now seems likely, with Hiscox Global Retail CEO Walter and CFO Hussain internal candidates for the top job.
-
Ex-Dual CEO Doyle has teamed up with former Willis Re Specialty COO in a bid to launch a hybrid underwriting vehicle.
-
The fairly late notification and the size of the claim have prompted some to question whether further substantial Uri claims could be in the pipeline.
