WTW

The executive was Marsh McLennan’s global chief claims officer and will join WTW early next year.

Despite an upswing in deal activity, large deals have continued to see a steady decline in volume that began in 2021.

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.

WTW has highlighted that global climate change-related litigation cases have doubled to more than 2,000 since 2015.

Coffin will be succeeded by Stuart Ashworth as head of broking & market engagement.

The carrier is looking to increase its presence in the marine market segment.

And all the other big moves of the week.

WTW exploring reinsurance exec recruitment comes at a time of competitive tension in the market.

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.