WTW
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Purchasing the analytics firm will help Willis meet growing demand for climate change services.
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The departures include LatAm chairman Tony Phillips and upcoming CEO Cameron Roe.
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The exec was speaking after the broker was acquired by Cinven and GIC in a multi-hundred million deal. -
Jaime Castellanos and Anton Serrats have also resigned from the broker.
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Aon, Willis and MMC calls reveal clients’ hard market tactics, staff retention strategies and Covid-19 headwinds.
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Deal volume also spiked by 41% and included several high-profile transactions.
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The executive leaves the Marsh & McLennan Companies-owned broker after 34 years.
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This is just 26% of theoretical capacity of $3bn and has led to major clients self-insuring parts of their programmes, according to Willis.
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The loss record for the class has dramatically improved this year, with a worst-case loss scenario of around $2.5bn for 2020.
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The market expects a deal with Tysers, but there are three reasons why it may be wrong.
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The executive was previously Willis’ London North American property head.
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The two CEOs say the combined entity will focus on emerging risks, new forms of capital access and “under-served” pockets of the market.
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