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At 1 January renewals, prices dropped 5%-15% for loss-free programmes. -
CEO Carl Hess said WTW is entering 2025 with “considerable momentum”.
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The executive was CFO of Marsh Specialty and Global Placement.
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Stuart Heath will retain his current role of head of delegated property.
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Aviation premiums have been described as “woefully inadequate” considering rising liability losses.
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EGPI growth at the carrier’s Alternative Solutions unit jumped 29.6%.
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The Bermudian’s wildfire loss estimate was based on an industry loss range of $35bn-$45bn.
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The carrier’s US platform will continue to be led by long-time executive Sal Pollaro.
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The executive has worked in a variety of senior underwriting roles at the reinsurer.
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The process will be led by Tom Hicks, consultant, UK head of insurance at Russell Reynolds.
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WTW’s ownership of Miller may offer a cautionary tale for the US retail-London wholesale group structure.
