-
The company says the recent wildfires will be the costliest in its history. -
At January 1 renewals, prices dropped 5%-15% for loss-free programs.
-
The executive succeeds Lou Capparelli, who becomes global casualty chairman.
-
CEO Carl Hess said WTW is entering 2025 with “considerable momentum”.
-
The executive was CFO of Marsh Specialty and Global Placement.
-
Stuart Heath will retain his current role of head of delegated property.
-
The Bermudian’s wildfire loss estimate was based on an industry loss range of $35bn-$45bn.
-
The carrier’s US platform will continue to be led by long-time executive Sal Pollaro.
-
Anti-DEI shareholder activist groups are targeting directors and officers with increasing threats of litigation.
-
Andy Taylor will also retire after over 25 years with the company.
-
The PE firm held over 6.7 million Axis shares, around 8.2% of shares outstanding.
-
Challenges will include boosting the target’s organic growth, Building the Machine, and prepping for an IPO.
