WTW

Increasing cat costs will drive the focus on modelling and price adequacy, the intermediary said.

Gallagher has pushed retention and equity awards unusually far down the organisation as it looks to keep the team intact.

The watchdog had been due to announce a decision on a further inquiry by 29 November.

Willis Towers Watson has selected Inga Beale, Fumbi Chima, Michael Hammond and Michelle Swanback to join its board of directors.

The announcement follows the initial news in August that Willis had entered a non-binding agreement to buy the broker.

The executive has spent the majority of his 35-year career with Aon.

The broker has spent two decades with the business.

The Texas Windstorm Insurance Association (Twia) has recommend hiring Willis Re as broker and Aon to provide catastrophe modelling services, following a review of its arrangements which were previously with Guy Carpenter.

Dasan's resignation comes within a period of significant moves across the construction market.

The executive will also remain his current role as head of Colombia, it is understood.

The transaction was cleared in five out of six jurisdictions – including by US antitrust authorities – and is only pending UK regulatory approval.

Ian Fisher joined the Joe Trotti-led team at McGill and Partners during the build-out of the start-up broker in 2019.