WTW
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The Australia CEO becomes regional chair and will lead international liability.
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Hancock’s shock departure, Pioneer for sale, AJG’s Matson on record and more loss updates.
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CFO Mike Burwell and head of IRR Carl Hess are the other internal candidates.
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The former AGCS marine chief will be managing director of Willis Re’s international customised reinsurance practice.
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The duo are the latest brokers to take roles at Steve McGill’s new venture.
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Willis Re report shows reinsurers reacting to Boeing incidents and ILS lock-up.
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Richard Stockley joins several Willis alumni at the new broking operation.
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The executive has worked as African fac head at Aon’s reinsurance business for 11 years.
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Carriers report claims cost inflation of less than 1 percent for 2019 to date, down from just under 3 percent for 2018.
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The senior broker resigned from Willis Towers Watson yesterday, according to sources.
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Most firms surveyed still do not buy insurance because it is insufficiently broad.
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The product is the first non-US cat bond issued in the past nine months.