WTW

WTW has appointed Tammy Richardson as Europe regional leader for its insurance consulting and technology (ICT) business, where she will lead a team of more than 500 staff while overseeing the P&L management and strategy.

The embattled broker could stand to lose around $50mn in Ebitda as major economies shun Russian trade.

Before his promotion, the executive served as WTW’s head of strategy based in London since April 2019.

The move follows similar actions taken by Aon and Marsh McLennan.

Singh had managed Lloyd’s catastrophe risk appetite prior to joining MS Amlin.

The appointment of Sam Joscelyne-Manning follows WTW’s recent hiring of Aon’s Teddie Bailey, who is also joining the broker’s terrorism and political violence team.

Teddie Bailey’s resignation comes at a time of significant moves within the terrorism and political violence market.

Plus the latest Q4 earnings and all the top news from this week.

The CEO outlined areas of the business which needed additional care and attention, while highlighting the need to build a culture of trust between management and staff.

Financial results in the fourth quarter were impacted by senior staff departures and lost business.

CEO Carl Hess said the results did not fully reflect the near and long-term potential of the firm.

Dennerståhl will be based in Stockholm and lead a team of over 80 staff when she joins later this year.