WTW
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The brokers will work in the contingency team headed up by Ian Tomlin. -
The broker said reinsurance capacity has contracted over the past 18 months, and the once-diamond-hard aviation war market has started to soften.
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WTW also said private equity will continue to dominate the M&A landscape in 2024, with firms sitting on “over $2tn in dry powder” which is ready to deploy.
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The broker said it anticipated new entrants in the downstream class following a profitable 2023.
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The senior broker said it will take time for clients to return to the market.
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The executive joined family-owned Lockton in 2020, as director of energy within the South Florida-based Latin America and Caribbean team.
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SEC filings show that, in Q3, the activist shareholder liquidated its remaining 508,880 shares in WTW — worth around $120mn at the end of Q2.
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A-Star offers up to $80mn in additional capacity for D&O liability insurance.
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WTW conducted a snap poll at the broker's European Insurance Leaders’ Forum in Brussels, canvassing 75 insurance industry leaders from more than 45 companies.
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The broking executive had a key role in the launch of Marsh’s Fast Track facility.
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Work is at an exploratory stage, with efforts focused on London specialty and US P&C mid-market expertise.
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The broker’s Q3 organic growth was driven by specialty lines, including fac financial solutions, natural resources, surety, construction and aviation.
