I couldnt be more excited, he continued. He is absolutely the right person to help further Willis Res global development and I look forward to working with him more closely in his new capacity as Deputy CEO., Carl Hess, Head of Willis Towers Watsons Investment, Risk and Reinsurance segment, added: James appointment reflects the deep strength of Willis Res leadership team and the strong track record within that team of product innovation and financial performance. Its all about how do we take this thing forward as quickly as we can, said Gallagher. Stay updated by joining our mailing list! The deal is not intended to create cost savings through significant numbers of layoffs as operations are combined, he said. Of course, it still isn't going to be plain sailing for new Gallagher Re CEO James Kent. Willis Re 1st View The Gallagher CEO was speaking alongside new Gallagher Re CEO James Kent following the completion of the number-four broker's $3.25bn acquisition of Willis Re. ABOUT WILLIS REOne of the world's leading reinsurance brokers, Willis Re is known for its world-class analytics capabilities, which it combines with its reinsurance expertise in a seamless, integrated offering that can help clients increase the value of their businesses. Consistent with the 1.1 and 1.4 renewals pressure on pricing especially on loss James Kent, Global CEO, Willis Re, said: "Reinsurance providers will be heartened by these results. . Global reinsurance capital, profits, and ROE on the rise in Only email is mandatory, but the more you tell us about yourself the better we can serve you in future. Insurance Insider is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730, Book a call with a member of the team to discuss your subscription options, Aon banked significant new treaty wins at 1.1 renewal, BP Marsh acquires 35% stake in Verve Risk Services, Q1 losses to drive Munich Re P&C Re CoR above consensus, AI, ChatGPT and the metaverse will accelerate future cyberattacks: Munich Re, Aon posts 7% Q1 organic growth as reinsurance accelerates, MGA Frontier to launch broker subsidiary with Michalowski-Cummings at the helm, Mapfre Q1 net profit down 17.4% at EUR127.6mn, Discover things you shouldn't even know yet. That is all going to play a huge part, said Gallagher. James Kent appointed to lead Willis Re as global CEO What are industry loss warranties (ILWs)? Alexis Faber is the Chief Operating Officer at WTW. A Celebration of 25 years of Insurance-Linked Securitisation through 25 Landmark Deals, Insured Natural Catastrophe & Man-Made Disaster Loss Reports, ART, Collateralized & Alternative Reinsurance Topics, Catastrophe Options & Catastrophe Derivatives, Microinsurance & Weather or Catastrophe Index-Insurance, Introduction To Weather Trading, Derivatives, Futures, Weather Risk Management For Utilities & Energy, Weather Derivatives, Weather Risk Pricing & Structuring, Global Property Catastrophe Rate-On-Line Index Guy Carpenter, U.S. Property Catastrophe Rate-On-Line Index Guy Carpenter, Regional Property Catastrophe Rate-On-Line Index Guy Carpenter, the acquisition of Willis Re was announced, Inver Re hires PCS Johansmeyer as Global Head of Index, Best of Artemis, week ending April 30th 2023, ILW funds defensive positioning for 2022 hurricane season paid off: CNR CEO, Heritage secures Citrus Re 2023-1 cat bond at upsized $235m.
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