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The event now includes a casualty portion and has officially been re-branded as the Property and Casualty Symposium. -
The arrival of Marsh’s Donnelly will "accelerate" US specialty growth, the CEO said.
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The company says the recent wildfires will be the costliest in its history.
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At January 1 renewals, prices dropped 5%-15% for loss-free programs.
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The executive succeeds Lou Capparelli, who becomes global casualty chairman.
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Company-specific strategies will play a vital role in sustaining growth in the current market.
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CEO Carl Hess said WTW is entering 2025 with “considerable momentum”.
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The executive was CFO of Marsh Specialty and Global Placement.
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Stuart Heath will retain his current role of head of delegated property.
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The Bermudian’s wildfire loss estimate was based on an industry loss range of $35bn-$45bn.
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The carrier’s US platform will continue to be led by long-time executive Sal Pollaro.
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The average change for primary policies with the same limit and deductible was a 3.5% decrease.
