Everest of Warren, New Jersey, made three key leadership appointments to the company’s U.S. wholesale business, Everest Evolution. Matt Meserole has been named head of excess casualty, overseeing the strategic direction and underwriting performance of the Everest Evolution Excess Casualty …
U.S. commercial insurance rates showed a continued upward trend with signs of moderation in the fourth quarter of 2024, according to the latest findings from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS). Carriers reported an aggregate price increase of 5.6% …
Willis said it has hired veteran leader Pat Donnelly as head of risk & broking (R&B) in North America. Donnelly had been president, Marsh specialty and global placement – a position he held since the middle of 2023 when he …
This edition of International People Moves details appointments at Arch Insurance International and Willis Towers Watson. A summary of these new hires follows here. Arch Promotes Thompson to Offshore Energy Underwriting Manager Arch Insurance International (Arch) has announced the promotion …
This edition of International People Moves details appointments at WTW and Howden Re. A summary of these new hires follows here. WTW Names Wegbrans as Head of Corporate Risk & Broking Europe Insurance broker WTW announced the appointment of Hugo …
Insurance brokers Aon plc, Guy Carpenter and WTW announced they each have completed previously announced mergers and acquisitions. Aon’s acquisition of Griffiths & Armour, which was first announced in November 2024, officially completed on Jan. 1, 2025. Aon said the …
Broker WTW said commercial lines insurance rates increased overall by an average of 6.1% during the third quarter 2024. Quarterly price increases have been around 6% since the end of the pandemic, WTW reported in its Commercial Lines Insurance Pricing …
WTW announced it will return to treaty reinsurance broking via a joint venture with the private investment firm Bain Capital. WTW will hold a minority share in the new company, said WTW in an announcement outlining its growth and value …
Insurance broker WTW announced the launch of ResQ Machine-led Reserving, which WTW describes as a game-changing technology for insurers and reinsurers to enhance accuracy and efficiency in property/casualty reserving. ResQ Machine-led Reserving uses proprietary algorithms that optimize the core reserving …
WTW announced the expansion of its Corporate Risk & Broking (CRB) business in Japan with the launch of an insurance brokerage service. The new service will offer insurance solutions to commercial clients, as well as wholesale facultative reinsurance placement services …
