WTW
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New ownership could clear channel conflict, end internal competition and allow Willis to book a gain on disposal. -
Goldman Sachs has been retained by the global broker to advise on the divestiture.
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The broker has made six global aviation hires as the battle for staff in the market continues.
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Significant rate growth continues to elude reinsurers, while PartnerRe hunts for a new home.
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The recruitment timetable is designed to allow for an “orderly transition”.
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The company's investment, risk and reinsurance unit posts strong revenue and margin expansion.
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Hardening market conditions are providing opportunities, the broker says.
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Joris Wonders will become the sole head of talent and reward for Western Europe.
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Despite a record $2bn funding quarter, early-stage funding volumes decreased year on year.
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In total, 184 InsurTechs have failed over the last three years.
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Estimates from Aon, Munich Re, Swiss Re and Willis Re put Typhoon Hagibis lower than the modelled average, with Typhoon Faxai in line with expectations.
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The broker estimates Hagibis losses at $8bn and Faxai claims at $7bn.
