WTW

As Adidas terminated its partnership with Kanye West following his antisemitic tweets, it projected a loss that signalled why insurers should be pushing the need for brand reputation insurance.

The executive said the broker stopped receiving client proposals whilst it was set to be taken over.

The broker has experienced a resurgence in growth under new leadership and strategy.

Plus all the top news and latest people moves of the week.

WTW has appointed Pieter Van Ede as global head of trade credit, in a move the broker said demonstrated its commitment to growth in the class of business.

According to WTW’s report, countries are “de-aligning” from the West due to the declining influence of the US and its allies.

It is understood that Axis and Canopius lead the facility, which considers clients from any industry sector in providing excess capacity.

Despite improving returns, inflation and the availability of economically priced nat cat capacity remain the biggest challenges facing the sector.

Simon Weaver will be responsible for driving business growth throughout the newly integrated region.

Tom Haddrill joins from Lloyd’s, where he spent 11 years, most recently as CEO for Lloyd’s Asia and country manager for Singapore.

WTW has been on a hiring spree in the wake of the failed Aon merger, and said France was one of its “most important” markets.

The broker has been re-stocking its talent base following staff departures linked to the failed Aon merger.