WTW
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Brian Shea has transferred to the international reinsurance team from its securities business.
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The accounting body says the changes should make it easier for insurers to explain the impact of the standard to investors.
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Andy Kirby joins the broker’s UK construction practice.
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Arrowsmith was most recently executive chairman of JLT Insurance Management in Bermuda.
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The senior reinsurance broker takes up the post as Aon builds its onshore construction book.
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The move follows the carrier’s decision to streamline Mapfre Global Risks.
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The loss could total more than a third of new premiums generated by the market in 2018.
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Commissions on QS deals fall and excess of loss rates show modest improvement in the US.
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The Willis Re executive said 2019 could be a challenging year for some ILS managers, as some products have performed poorly.
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Colin Forrest replaces Frank Schepers as head of the division.
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That’s settled it then. JLT Re and Willis Re’s 1 January renewal reports have finally put one of the oldest insurance myths to bed.
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The fundraising total more than quadruples from the prior-year period.
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Daily Digest: Top news from 12 May
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