WTW

The broker said there was still a “big unknown” around the potential global economic impact of the conflict.

WTW forecasts that cyber rates could increase by 100% to 200% for heavily exposed industries.

WTW has appointed Aon’s Ed Day to work as head of international property in the broker’s D&F team, which is led by Garret Gaughan.

The intermediary said capacity for downstream energy has now returned to 2017 levels.

The potential for major deterioration on a 2019 loss could yet prove “devastating” for the market.

Joseph Noss was on the G20 Financial Stability Board in Basel, where he focussed on climate financial regulation for the banking, investment and insurance sectors.

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.