WTW

The broking giant has spent the past eight weeks executing on the strategy it developed for the combined firm.

The new hire is to take a role in Miller’s South African fac business.

Previously, Hess had earned $650,000 a base salary and was eligible to receive a short-term incentive bonus worth 90% of his annual salary.

The brokerage firm said that $4bn increase comes in addition to the $500mn remaining on its existing share repurchase program.

The former security chief also highlighted the threat posed by cyber risk to increasingly autonomous ships.

The nature of the hire demonstrates the level of competition for top talent in the sector.

The new recruit has spent 20 years in investment roles.

Nine (re)insurance firms in London took part in the programme for career-break women, organised by diversity and inclusion firm Inclusivity and supported by the Insurance Families Network.

Hundreds from the insurance business were among those killed on 9/11, making it one of the hardest-hit industries.

Stock analysts raise price targets on Willis shares after execs outline financial goals following the collapse of the Aon-Willis merger.

After Willis Towers Watson’s attrition rate rose 22% amid the Aon merger uncertainty, executives are seeking to dial back a talent drain.

The broker expects to increase its revenues to $10bn by 2024.