WTW
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Risk and broking was driven by new business, client retention and rates. -
The executive will work to grow the broker’s affinity proposition in the UK.
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Storm Ciarán incurred insured losses of EUR1.9bn, according to WTW’s natural catastrophe report for July to December.
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Michael Creighton joined WTW in 2019 as an executive director within the financial solutions team.
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In October 2023, it was announced that Powell was leaving Marsh to join WTW as the broker’s global chief claims officer.
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Nearly 80% of transportation companies surveyed cited a lack of access to insurance solutions and a lack of data to understand supply-chain risks.
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The broker said there was a “record level of dry powder” waiting to be deployed.
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He replaces Mark Stephenson, who is leaving Liberty to join Ardonagh.
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AIG leads the placement, WTW is the lead broker, with Marsh support, on the JAL account.
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The broker is hiring in energy following the departure of several downstream brokers for Price Forbes.
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The brokers will work in the contingency team headed up by Ian Tomlin.
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The broker said reinsurance capacity has contracted over the past 18 months, and the once-diamond-hard aviation war market has started to soften.
