Stay updated by joining our mailing list! I do see tuck-in acquisition opportunities, and were always interested in creative people joining the firm, he said. Send us a Message. Gallagher Res new Global CEO, James Kent, expanded on this, Like every business within the legacy Willis Re business, were very proud of the offering and the team that exists, and the ILS team is absolutely part of that. The third is bringing Gallagher Re to our global clients. Gallagher says that the acquisition brings specialist expertise, underpinned by a portfolio of analytics capabilities including catastrophe modeling, dynamic financial analysis, rating agency analysis and capital modeling. GR Main Edition 2022: Disrupting the Oligopoly, GR at SIRC 2019: Day 3 live & free to read, WTW employment scheme for adults with autism extended to UK. Willis Re names global deputy CEO | Insurance Business UK Willis Re global chief executive James Cavanagh described Kent as absolutely the right person to help further Willis Res global development. 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. Willis Re, Willis Towers Watson P.L.C.s reinsurance business, said Thursday that James Kent will succeed global CEO John Cavanagh when he retires at the end of the December. Kent will retain his role as Willis Re North America president and will continue to work in New York alongside Jim Bradshaw. Employee Profile of James J. Kent Administrative Law Judge - FederalPay or call us at 1-888-994-5547. All content copyright Steve Evans Ltd. 2021 All rights reserved. Get a ticket soon to ensure you can attend. Ahead of this years RVS, Willis Re gobal chief executive John Cavanagh talked to Global Reinsurance about the WTW merger, disruption and the need to be proactive, Published by Newsquest Media Group Limited, registered in England & Wales with number 01676637 at Loudwater Mill, Station Road, High Wycombe HP10 9TY - a Gannett company, DWIC, 8 and 9 March 2023, Ritz Carlton DIFC, Dubai. The hope is that these additions will immediately provide exceptional value to insurance carriers and insurance capital providers around the world. AJG's Kent to hand reins to Wakefield as he takes on group carrier James Kent, Global CEO, Willis Re July 1, 2021 . For the final seasons, he earned $400,000 per episode. Add the product lines knowledge to the expertise, strength and depth that Willis Re brings around the world and its a really exciting combination, said Kent. Gallagher Re's new Global CEO, James Kent, expanded on this, "Like every business within the legacy Willis Re business, we're very proud of the offering and the team that exists, and the ILS . This is not a synergy play, this is an investment play, Mr. Gallagher said, noting that it is Gallaghers biggest acquisition to date. Consistent with the 1.1 and 1.4 renewals pressure on pricing especially on loss PDF January 1, 2020 - WTW In November, the UKs Competition and Markets Authority (CMA) ended its investigation into and cleared the planned acquisition, which has now completed. Following a successful tenure leading Willis Re's Bermuda office, in 2010, Kent was appointed President of Willis Re North America, moving to New York to work alongside Willis Re North America . Our Leadership - WTW - Willis Towers Watson Travelers reports lower profit on higher cat losses; price hikes continue, 5. That is all going to play a huge part, said Gallagher. Top Global Insurance & Reinsurance Brokers, Tom Johansmeyer leaves PCS to join reinsurance broker Inver Re as Global Head of Index, Verisk launches XactXpert to automate, accelerate property claims estimates review, Reinsurance Association of America elects chair, vice chair of board. Willis Re's analysis provides clear evidence of the strength and resilience of reinsurance market capacity. The deal is not intended to create cost savings through significant numbers of layoffs as operations are combined, he said. The broker's global team of experts offers services and advice that can help clients make better reinsurance decisions and negotiate optimum terms. Mr. Cavanagh has been CEO at Willis Re since 2012. For example, hurricane & loss. WILLIS TOWERS WATSON PLC Compensation by Company Data Year: 2021 2020 2019 2018 Select Other Years For its 2021 fiscal year, WILLIS TOWERS WATSON PLC, listed the following executives on its annual proxy statement to the SEC Equity Cash Compensation Other Fiscal Year Ended in 2021 Enter an executive or company name I would like to thank John for his tremendous contribution to Willis Towers Watson, Carl Hess, the brokerages head of investment, risk and reinsurance, said in a statement. Prior to the Willis Re acquisition, Gallagher Re was the worlds fifth-largest reinsurance brokerage. James Kent, (born July 31, 1763, Fredericksburgh, Putnam County, N.Y.died Dec. 12, 1847, New York City), jurist whose decisions and written commentaries shaped the inchoate common law in the formative years of the United States and also influenced jurisprudence in England and other common-law countries. In the past seven years, Gallagher Re has established itself as the fifth largest reinsurance broker in the world. Global reinsurance capital, profits, and ROE on the rise in If you are not familiar with these principles, here are some quick tips. While it remains smaller than rivals Aon and Guy Carpenter & Co. LLC, a unit of Marsh & McLennan Cos. Inc., the three largest reinsurance brokers dwarf other reinsurance intermediaries in the market. The best way to contact us is through our online contact form which you can findhere. We are bringing together highly complementary and well-respected reinsurance businesses to create a truly compelling unified reinsurance platform. And Im very proud of that. You combine that leadership team and the team from Willis Re, and it is a one plus one equals five. Gallagher Re: It gets easier from here - Insurance Insider However, if you would like to, you can change your cookie settings at any time. 07337195 Hub secures additional private-equity investment, 4. I will maintain my very strong ties and working relationships within North America, but having been part of the Willis Re global leadership team now for the past six years, my new role will enable me to further the already close relationships with my International and Specialty colleagues as we continue to build our client-focused business as part of Willis Towers Watson.. Add to that the long-established global footprint and success of the Willis Re business, and its a really exciting combination. We have 220,000+ readers every month & 19,000+ email subscribers. WILLIS TOWERS WATSON PLC - Salary.com Together, we unlock potential. Or, email[emailprotected]with any questions, suggestions or advertising enquiries. Like everywhere else, we will be seeking to make investments in that business in talent to support what we have today and accelerate forward for tomorrow.. Her industry expertise spans more than 20 years in insurance and financial services. James Kent. Willis - Distributor of Corian, Lapitec, Fenix, Arpa, Kohler design The industry has endured several years of below-par performance, capped by the calamitous . James Kent named Willis Re Global Deputy CEO James J. Kent is a AL-03 under the administrative law judges payscale . Get our free email newsletters for weekly summaries & reminders of stories you may have missed --. Alexis is accountable for supporting the company's short- and long-term success through oversight of operations, real estate and technology. 2,200 new colleagues and virtually everybody said yes, lets give this a go, said Gallagher. ABOUT WILLIS TOWERS WATSONWillis Towers Watson (NASDAQ:WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. Inside P&C 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, Hubs valuation: A shiver passes through the private broking sector, CNA Q1 reserve charge linked to exited London PL book: CEO Robusto, Need to Know: AIG, Hub investment, Aon results, CinFins severe convective storm exposure led to high cat losses: CEO Johnston, Gain your competitive advantage with Inside P&C. Website Privacy & Cookies and Disclaimer. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); The Head of Verisks Property Claim Services (PCS) business, Tom , Global data analytics and technology provider Verisk launched XactXpert, a , Reinsurance Association of America has elected Justin OKeefe chair, Jim . Hub secures additional private-equity investment, 4. Between 2012 and 2015, he served as the regional CEO of Willis Asia, based in Singapore, leading Willis' strategy in high-growth markets in the region. Aon names managing director, public sector partnership, 6. The way were looking at this, is really a billion dollar startup, said Kent. Where are people taking larger retentions, and why? Highest-paid insurance executives 2023, 2. Gallagher Re feels like a billion dollar startup with a tremendous He was appointed to the additional role of Co-President, Willis Re, in August 2015. Kent joined Willis Re in 2004 and has served as the global deputy CEO since December 2016. He joined Willis Re in 2009 after spending 21 years at the Carvill Group, where he was joint CEO. See here for a complete list of exchanges and delays. Gallagher struck a deal to acquire Willis Re for $3.25bn in August in the wake of the collapsed Aon-Willis Towers Watson merger. Munich Re Specialty names Sabrina Hart president, CEO, COPYRIGHT 2023 BUSINESS INSURANCE HOLDINGS, WTW hires from Aon for corporate risk and broking role, Hub secures additional private-equity investment, Travelers reports lower profit on higher cat losses; price hikes continue, Aon names managing director, public sector partnership, Munich Re Specialty names Sabrina Hart president, CEO. One is about combining the best of the two businesses. Willis Re 1st View January 1, 2020 5 The imminent arrival of Brexit was not a topic, as German buyers adjusted their panels last year if required. James Kent appointed to lead Willis Re as global CEO Now the combination is finalised, Kent stressed that from day one, the focus has to be on taking the best of the culture of both organizations and bringing that and making it an even better culture on a combined basis. Kent said: Willis Re is a fantastic business and I very much look forward to working more closely with Paddy, John and the rest of the Willis Re leadership team in a global capacity to take this business forward. Mr. Kent joined Willis Re in 2004 and has served as the global deputy CEO since December 2016. We will look to accelerate that through Q1, with a structure announcement and management team announcement by the end of the quarter, said Kent. James Kent, Willis Re's global CEO, said the analysis underlines the reinsurance industry's sensitivity to investment markets. Held in Singapore, July 13th, 2023. After several years leading the Willis Re Bermuda office, in 2010 Kent was appointed Willis Re North America president, and moved to New York to work alongside Willis Re North America chief executive Jim Bradshaw and Willis Re North America chairman Paddy Jago. It feels that here we are at day one, at a billion dollar startup with tremendous market goodwill, tremendous loyalty by both clients and our colleagues, and the opportunity to build on all of those good things.. AJG's Kent to hand reins to Wakefield as he takes on group carrier Read more about Artemis. Kent joined Willis Re in 2004 as Willis Re Bermuda executive vice president, bringing more than 15 years experience producing and placing property and casualty treaty business across both London and Bermuda. For group CEO Gallagher, this is another seminal moment for AJG. Kent, who was previously co-president of Willis Re and president of Willis Re North America, took up the post with immediate effect. Willis Re passed final staffing test 'with flying colors': Kent That means the AJG group has already been quite active in ILS, but now with the assumption of the Willis Re Securities team and its expertise in structuring and selling ILS and catastrophe bond securities, as well as capital raising, the company now has a holistic ILS market offering. 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. We also publish Artemis.bm, the leading publisher of news, data and insight for the catastrophe bond, insurance-linked securities, reinsurance convergence, longevity risk transfer and weather risk management sectors.. Weve published and operated Artemis since its launch 20 years ago and have a readership of around 60,000 every month. And as long as that remains, we are going to get there in terms of a really, really strong integration process and bringing out whats best again for those two constituents, our clients and our colleagues.. We also publish Artemis.bm, the leading publisher of news, data and insight for the catastrophe bond, insurance-linked securities, reinsurance convergence, longevity risk transfer and weather risk management sectors.. Weve published and operated Artemis since its launch 20 years ago and have a readership of around 60,000 every month. We have much better data and analytics for our clients, well know whats going on at the very base of the capital management structure, and well be able to use that in the retail market.. View all state and local government entities Highest-paid insurance executives 2023, 2. With roots dating to 1828, Willis Towers Watson has 39,000 employees in more than 120 territories. I am confident the combination will deliver tremendous value to our clients, our global brokerage and risk management teams, and our shareholders.. Get in touch directly using our contact form. James Kent, global CEO of Willis Re, said the market "landscape has not seen much change" since January 1 and consequently the important April 1 renewals "saw more of the same between . To search specifically for more than one word, put the search term in quotation marks. LONDON, Nov. 28, 2016 (GLOBE NEWSWIRE) -- Willis Re, the reinsurance business of leading global advisory, broking and solutions company Willis Towers Watson (NASDAQ:WLTW), today announced the promotion of James Kent Co-President of Willis Re and President of Willis Re North America to the position of Global Deputy CEO, Willis Re, with immediate effect.
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