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Worsening trading conditions in the D&O market are leading to staff cutbacks.
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US retailers have various levers to pull to put pressure on potential new competitors.
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Sources said that detailed discussions have taken place, with a clear path to a deal.
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Bartlett is the latest in a series of talent moves in the construction market.
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The deal comes amid heightened interest in German distribution assets.
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The mid-year renewals point to mounting pressure on reinsurance pricing.
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The deal was announced last month.
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The update will enable structured data capture early in the placing process.
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Claude Wade is to step down from his role to address ongoing health issues.