WTW
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The brokers are working on finalizing the terms in a written settlement agreement, which could be filed within two weeks. -
The broker also hired Will Fremlin-Key as global head of mining and metals, and appointed Ahmed Abdel-Gawad as head of natural resources for the CEEMEA region.
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The broker said the fallout from the Russia-Ukraine conflict was increasing competition for business.
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Kiran Nayee will be responsible for complex casualty placements for WTW’s D&F clients.
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New capacity has also entered the wider market over the period, with WTW adding that more is likely to follow in Q3.
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The unit sits within the broker’s climate and resilience hub.
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The move represents a return to WTW, where the broker spent the beginning of his career.
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The CEO said that WTW was making good progress under its strategy but acknowledged there is more to do.
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Growth was slower than rival brokers, but CEO Carl Hess said investments would bear fruit in H2.
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Scott Morrison, who has more than 25 years' experience, was co-head of the trade credit excess-of-loss team at Canopius.
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The news comes after this publication revealed Kerrigan Read is also set for WTW.
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Luis Maurette, current head of Latin America and head of global sales and client management, will retire on December 31, 2022.
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