WTW

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.

The broker joins after a brief spell at Aon, where he was head of EMEA business development.

James Excell, the fac leader for sub-Saharan Africa, had worked for WTW for a decade.

Lou Smith most recently served as the first chief digital officer at Lloyd’s of London, where she was responsible for delivering the organisation’s strategy for a digital insurance market.

Stefan Weda will also take on the role of head of CRB for WTW Netherlands.

The brokers will have until early 2023 to settle the case via private mediation or the case will move forward to a jury trial that could last between seven and 10 days.

The broker said the last three years of hardening had led to a “substantial technical correction”.