WTW
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The Willis name, which dates back to 1828, will be used with clients and markets. -
He succeeds Hugo Wegbrans, who becomes head of CRB for Europe.
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But forecasts of slowing growth in recent years have been too pessimistic – and uncertainty remains.
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CMP and BOP reached their highest levels in over a decade.
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Some will play “pretend and extend”, but others will sell to strategics or take the steep climb to an IPO.
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A quick roundup of our best journalism for the week.
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The firm’s trajectory could, however, make it harder to meet guidance going forward.
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Adam Garrard will cover his responsibilities on an interim basis.
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WTW will hold a significant minority stake in the start-up with an option to acquire complete ownership over time.
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WTW sold Willis Re to Gallagher in 2021 for $3.5bn.
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The global market is stabilising and softening, and casualty and specialty lines are generally stable, the CEO said.
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The broker posted a net loss of $1.67bn including pre-tax non-cash losses.
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