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The changes affect operations in Switzerland, Bermuda and the US.
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The managing agency is offering 62p per £1 for 2026 YoA capacity.
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The measure could have landed insurers with extra tax on US business.
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The aerospace, energy and marine markets all sustained multiple significant losses in H1.
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The deal puts an equity value of £275mn on the broking firm.
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Andrew Pryde succeeds Andreas Kull, who will stay on until September.
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There has been an uptick in UK retail firms buying cyber after a string of attacks.
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Plus, the latest people moves and all the top news of the week.
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Is the ransomware threat really getting worse – or just more visible?
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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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Willis’ continued reinsurance build-out has targeted London and Bermuda marine and retro specialists.