WTW
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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.
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The two brokers have also agreed to non-solicitation clauses in their new deal.
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Earlier today the firm announced that insider Hess will succeed CEO John Haley at year-end.
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The current head of the investment, risk and reinsurance segment will take the helm in January.
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The switch confirms a move first reported by Insurance Insider last month.
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Willis’s sale of its reinsurance arm was the best option it had left – but the loss will have implications for the wider business.
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The executive also praised Willis Re's management team for pushing for the best outcome for clients.
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The broker has explained the rationale for its $3.25bn acquisition of Willis Re on an investor call.
