WTW
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The broker also announces that Nicolas Aubert is set to leave the company to “pursue new interests”.
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Outgoing CFO Michael Burwell is to receive a $1mn bonus. -
Andrew Krasner returns to Willis from AssuredPartners, where he served as CEO for just over six months.
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The executive was instrumental in overseeing the major turnaround work at Channel, which reported its first profit in a decade in 2020.
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The brokers have signed a heads of terms and will move towards a full acquisition.
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The London-based managing director is the latest in a stream of departures from the broker’s facultative division.
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Proactive price action is enough to keep pace with inflation – for now.
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The broker has also announced the appointment of Willis’ Dolf Balink.
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The move comes after major defections to rivals from the firm’s retail broking and reinsurance operations earlier in the year.
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The executive will head up a 26-strong team, working across all major lines of business.
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The broker also filed a lawsuit against Goode, Honeycutt, Forst, Rice, Lee and Keenan as individual defendants.
