WTW
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The UK reinsurance managing director exits after three decades.
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Stocks of major brokers surged, outpacing the broader market.
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Sheldon Elefant joins the broker’s M&A risk team in New York.
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Process paused as market turmoil challenges debt markets and undermines due diligence. -
International chairman James Vickers expects the virus to be a feature of all 2020 renewals.
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The move is part of wider plans at the reinsurance broker to build out the unit.
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Long closing period and Covid-19 uncertainty expected to curb early staff exits.
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Staff let go within that time frame would receive at least the same severance package as under offer at Willis.
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David Boyle, Ed Louth, Paul Baker and Neil Black will join the broker’s global aerospace team.
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Dan Melanson will report to executive vice president Rob Fast.
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The arrangement would put former Aon Benfield CEO Andersen at the heart of the largest corporate tie-up so far in 2020.
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Axa XL’s UK financial institutions head Eve Richards and Clyde & Co partner Angus Duncan join the broker.
