WTW
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Only D&O and workers’ compensation clients experienced price decreases during Q3, according to WTW.
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Evan Freely will head up a team of 130 staff specializing in credit and political risk.
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Mahoney joins from Aon, where he was team leader for US general casualty and energy in London.
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The Corporate Risk and Broking head of global lines of business said staff and client attrition has been reversed – and cast doubt on predictions of further specialty market hardening.
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Announcements and interviews at the UN conference have shed light on the tools emerging to help carriers decarbonise their underwriting portfolios.
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The platform will automate a range of processes across risk submission, risk appetite evaluation, underwriting and pricing for quotation, using a lead algorithm.
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The product will provide $100mn in cover across eight countries at high risk of tropical cyclones.
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The project, funded by Agence Française de Développement, was revealed during the G20 Leaders’ Summit in Bali.
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The broker warned that more insurers will restrict or drop oil and gas business in the coming years.
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Growth is accelerating at the broker in the wake of a challenging period following the collapse of the Aon merger.
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The acceleration defied wider sector trends, which has led to slowing growth at other brokers.
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