WTW

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.

The broker said that key hires – including Lucy Clarke – would pay off in improved results.

The broker said it experienced headwinds from prior-year book sales, inflation and investment costs.

Areas of focus should include hiring external talent, securing capital for M&A, speeding up US growth, and answering the reinsurance question.

Pat Donnelly has succeeded Lucy Clarke at Marsh, and Adam Garrard at WTW has moved into a chairman role.

The report states that in the first months of 2023 as many as 1.5 million person-days were expended on cost-of-living protests in the 10 countries hardest hit.

Group head of M&A Andy Wallin will take over reinsurance and capital on an interim basis.

Syndicates which began investing early in digital benefit by a 6-point combined ratio outperformance.

The scale of the loss has yet to become clear following the blaze on Friday, although the fire is under control. 

Douglas spent the last decade of his 23-year tenure as head of WTW’s climate and resilience hub.

A report from WTW and the Institute of International Finance has found little correlation between companies’ operation emissions intensity and their climate transition value-at-risk.

Three months ago, Starboard trimmed its stake by almost 14% to 1,925,491 shares valued at over $470mn from 2,232,209 shares at the end of Q3.