WTW
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The broker will take a charge of $1.6bn-$2.1bn relating to the sale. -
Baudouin is transitioning to a chairman position in Mexico.
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Construction rates remain stable with some talk of potential softening.
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The account is among a handful of airlines that have swapped out their brokers this year.
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CFC developed and employed the lenders carbon-credit insurance policy with Standard Chartered Bank.
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Glyn Thoms will be stepping into a newly formed role with a focus on cyber strategy formulation and management.
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Colin Dutkiewicz has held senior roles at Aon and Swiss Re.
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The choice to build a reinsurance unit at arm’s length alleviates some financial strain.
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The two parties are targeting a launch by the end of the year, with scope for WTW to buy the start-up at maturity.
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It will offer additional capacity to WTW US property clients with a limit up to $25mn.
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Gavin Hamilton joins from Miller, where he served as European wholesale and South African property lead.
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A quick roundup of the week’s main stories.
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