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The PRA, FCA and Society of Lloyd’s have agreed to the changes. -
The deal comes amidst an expected spell of M&A on Lime Street.
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Willis has been adding brokers to its aviation unit in Europe and the US.
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The availability of capacity remains the market’s key driver, the broker said.
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The challenge now is balancing top-line growth with underwriting discipline amid falling rates.
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The claims specialist spent 30 years at Amlin before joining TFP.
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Rates continue to drop as capacity is ample, the broker said.
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Plus the latest people moves and all the top news of the week.
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The Lloyd’s syndicate was one of just a couple of reinsurance start-ups in the current hard market.
