WTW
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The business was established as a JV by Willis and Pembroke in 2012 after change in Lloyd’s rules. -
Allison Barrett will move to the carrier from a senior financial institutions role at Willis Towers Watson.
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The broker expects public company D&O and cat-exposed property risks to receive high double-digit rate increases.
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London head of P&C and construction Garret Gaughan said there will be more hires to come in the new year.
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He is based in Miami and will help build out he broker’s environmental liability operation.
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The reinsurance broker says interest in sidecars has picked up, though investors’ criteria is stringent.
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The CEO added that he was pleased with the progress of Tranzact following the July acquisition.
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The report showed record levels of funding but also emerging geographies, a changing funding composition and renewed B2B focus.
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Overall InsurTech funding for the first nine months outstrips the 2018 total, the broker says.
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A panel of upstream energy experts at the Energy Insurance London conference nevertheless see opportunities from the transition to renewables.
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Nancy Woode takes on the remit after leading the broker’s south Atlantic business region.
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The pair will join fellow Willis alumnus Julian Martin at the start-up.
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