WTW
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CMP and BOP reached their highest levels in over a decade. -
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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He brings over 25 years of experience in PE and transactions solutions.
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The broker will take a charge of $1.6bn-$2.1bn relating to the sale.
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Baudouin is transitioning to a chairman position in Mexico.
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