WTW
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WTW predicted that ‘meaningful softening’ could creep into energy markets during the year.
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Increased reinsurance retentions left some insurers with their worst net results in a decade.
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In his new role, Harrison will report directly to Adam Garrard, global head of risk & broking.
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Graham Knight will become chairman of natural resources.
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There were 166 deals over $100mn and 34 deals over $1bn in the first quarter of the year.
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Hear the latest from the marine market as it weighs up the implications of the bridge collapse in Baltimore. Early indications are the claim could eclipse losses from Costa Concordia, stretching into the billions.
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WTW said the rise of the risk from health and safety was “surprising”.
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The executive said that adequate rates were encouraging insurers to grow.
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Welcome to the first episode of Behind the Headlines, a fortnightly podcast hosted by Insurance Insider's senior reporter Sam Casey.
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WTW and Tysers collaborated with PPL to design and implement the pilot.
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The facility offers a range of $25mn-$50mn in excess capacity.
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