WTW
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Survey participants said "much work remains post-implementation". -
Besides reinsurance broking, MGAs and MGUs, affinity is another segment where WTW can scale its operations, the executive noted.
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WTW has highlighted that global climate change-related litigation cases have doubled to more than 2,000 since 2015.
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Coffin will be succeeded by Stuart Ashworth as head of broking & market engagement.
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The carrier is looking to increase its presence in the marine market segment.
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And all the other big moves of the week.
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WTW exploring reinsurance exec recruitment comes at a time of competitive tension in the market.
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WTW is quietly sounding out market executives for a potential relaunch into reinsurance once its two-year non-compete agreement with Gallagher Re ends in December, this publication can reveal.
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The broker said that key hires – including Lucy Clarke – would pay off in improved results.
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The broker said it experienced headwinds from prior-year book sales, inflation and investment costs.
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Areas of focus should include hiring external talent, securing capital for M&A, speeding up US growth, and answering the reinsurance question.
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Pat Donnelly has succeeded Lucy Clarke at Marsh, and Adam Garrard at WTW has moved into a chairman role.
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