WTW
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The hires form part of WTW’s build-out of its US aviation practice. -
Lucy Clarke said the broking business was resilient in the face of macro challenges.
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Organic growth was flat on the prior year and in line with Q4 2024 figures.
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A positive outcome could significantly curb insurers’ exposure to the loss.
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Softening in the upstream market has also accelerated beyond expectations.
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The facility now includes CyXS Plus and CyXS Company.
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Willis said rising energy demand is creating a revival in the nuclear industry.
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Larger companies ranked regulatory breach as their top risk.
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The hire is part of a wider expansion across Willis’s specialty business.
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Of the 178 passengers and crew on board, no serious injuries have been reported.
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The broker said the list of perceived obstacles was “fairly damning” for insurers.
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Q2 renewals will likely signal changes in the reinsurance market, the broker said.
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