WTW
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Commercial auto and excess umbrella continue to face upward pressure. -
The choice to build a reinsurance unit at arm’s length alleviates some financial strain.
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The two parties are targeting a launch by the end of the year, with scope for WTW to buy the start-up at maturity.
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It will offer additional capacity to WTW US property clients with a limit up to $25mn.
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The company yesterday promoted Jenna Ziomek to P&C leader for PE and M&A.
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Ziomek joined WTW in 2021 and has 17 years of industry experience.
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The new broking president added that hundreds of Marsh staff would not show up tomorrow at WTW.
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The broker said achieving profitability “remains challenging” for insurers.
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CRB NA growth was driven by specialty lines, including natural resources, construction and real estate.
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A quick roundup of today’s need-to-know news, including the DoJ/NatGen lawsuit and RenRe's earnings call.
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The broker raised the low end of its 2024 target ranges for adjusted operating margin and adjusted EPS.
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A quick roundup of today’s need-to-know news, including the CrowdStrike outage and a hire at SiriusPoint.
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