WTW
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Despite 2025 losses, carriers have not secured desired rate increases.
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Plus, the latest people moves and all the top news of the week.
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Guy Carpenter continues to pursue Willis Re and individuals in court.
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Senior Willis Re recruit Jim Summers denied Kevin Fisher had a role at the start-up.
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The sector also faces a potential $700mn loss from a fatal Indonesian mining catastrophe.
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GC accused Willis, Lucy Clarke, Jim Summers and John Fletcher of unlawful recruitment.
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Loss activity in the upstream market remains benign, adding to softening.
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The executive said the market will be revolutionised by digital technology.
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James Kelly joins from Besso, having held senior positions at JLT, Lockton and Gallagher.
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Ed Louth will join Liberty next year after serving out his contractual duties at Willis.
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The broker’s hiring to date has focused on the specialty segment.
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Plus, the latest people moves and all the top news of the week.