Willis Towers Watson
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The brokers will have until early 2023 to settle the case via private mediation or the case will move forward to a jury trial that could last between seven and 10 days.
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The broker said the last three years of hardening had led to a “substantial technical correction”.
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Gardner was previously at Marsh for nearly three decades, holding a variety of leadership roles.
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The unit will be headed by Jo Holliday and house lines of business including contingency and political violence.
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The change comes as the broker seeks to draw a line under a tumultuous chapter in which the planned takeover of Willis by rival Aon collapsed.
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In his new role, Steve Powney will report into Willis’ global head of surety, Scott Hull.
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This year deals will continue to increase but ESG, inflation and supply chain issues bring complexity.
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Heinicke brings over 25 years of experience in the insurance industry, most recently spending over 11 years at Aon Bermuda.
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The three new directors that will not seek reappointment take the total board members standing down to five.
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A judge for the Miami-Dade County Court has ordered Aon and individual defendants in the Miami facultative team poaching case to avoid doing reinsurance brokerage business with the defendants’ former Willis Towers Watson clients.
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The new coverage marks the first time that sovereign debt repayments have been protected by a parametric catastrophe clause.
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She will work alongside James Baum in the new position.
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