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WTW posts 5% Q1 organic growth with 8% in risk and broking
CEO Carl Hess hailed a “solid” first quarter of results.
Research
Focus on reserves to continue as gap between cautious reservists and others emerges.
Downward trends of DCC ratios are beginning to reverse, which could cause issues for long-tailed lines.
Early results suggest another strong quarter with a variety of driving forces.
Corrective actions revealed by Travelers in the first-quarter earnings could set the stage for similar moves from peers
Latest news
He was most recently global COO of reinsurance at AIG.
The financing was oversubscribed, with strong demand from new and existing lenders.
The transaction value represents approximately 5.9x of its 2023 revenue and 28x net income.
Existing non-competes for senior executives can remain in force, however.
More News
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Global cyber rates fell 6% in Q1 2024: Marsh
April 24, 2024 -
Q1 earnings roundup April 23: Chubb, Berkley
April 23, 2024
Opinion
Opinion
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The resolution of the Fleming-James River dispute still hurts the legacy segment
Adam McNestrie and Ben Wylie
Capacity inflows sustain state of flux in commercial auto despite headwinds
However, capacity build has slowed over the past year, sources say.
Most Read
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US Federal Trade Commission bans use of non-compete clauses
April 23, 2024
The firm doubled its premiums in the past three years after launching in specialty.
The firm launched late last year in the US with a $250mn capital injection, and has also acquired a UK platform.
The MGU is exploring additional third-party capital relationships.
May and June takeout requests for Citizens are exceeding expectations.
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