WTW
-
Heritage and history matter in people businesses, and the storied brand carries real equity. -
The Willis name, which dates back to 1828, will be used with clients and markets.
-
Simon Delchar will become global head of placement.
-
Tony Simm will report to Garret Gaughan, global head of direct and facultative.
-
Jon Thacker has been at WTW for 20 years, specialising in construction.
-
Adam Garrard will cover his responsibilities on an interim basis.
-
WTW will hold a significant minority stake in the start-up with an option to acquire complete ownership over time.
-
WTW sold Willis Re to Gallagher in 2021 for $3.5bn.
-
The global market is stabilising and softening, and casualty and specialty lines are generally stable, the CEO said.
-
The broker posted a net loss of $1.67bn including pre-tax non-cash losses.
-
Benign claims activity and increased capacity are contributing to “competitive pressures”.
-
The WTW president of risk and broking is the first woman to hold the role in the institute’s history.
Most Recent
-
Daily Digest: Top news from 30 April
30 April 2025 -
Munich Re Specialty takes AIG’s Horton
30 April 2025 -
Peak Re books 84% P&C CoR for 2024
30 April 2025 -
Canopius to lead Willis follow facility Gemini
30 April 2025 -
M&A Deal Update: The German market heats up
30 April 2025