WTW
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The executive said expansion was driven by retention and new business. -
CEO Carl Hess hailed a “solid” first quarter of results.
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Prior to her stint at Lockton, the executive worked at Marsh.
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The firm reportedly parted ways with 120-130 employees as part of the cuts.
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The executive joins from regional insurer ASSA, where he spent almost 16 years.
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WTW predicted that ‘meaningful softening’ could creep into energy markets during the year.
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The US regulator faces litigation from both sides of the climate issue.
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Increased reinsurance retentions left some insurers with their worst net results in a decade.
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Graham Knight will become chairman of natural resources.
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WTW said the rise of the risk from health and safety was “surprising”.
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WTW said adverse development “is evident” in auto liability lines from 2015 to present.
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WTW hired Kolos for transactional solutions, Chin for tax insurance and Kesack for contingent solutions.
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