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. 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.. James Kent appointed to lead Willis Re as global CEO Willis Towers Watson P.L.C. Kent will retain his role as Willis Re North America president and will continue to work in New York alongside Jim Bradshaw. James Kent, Global CEO, Willis Re January 1, 2020 . We have 220,000+ readers every month & 19,000+ email subscribers. New Podcast with James Kent from Gallagher Re - AdvantageGo Our Leadership - WTW - Willis Towers Watson I think the key, and it really comes back to integration, is how do we best integrate that within the entirety of the Gallagher organization, and specifically Gallagher Re, to best serve our clients and make it most effective for our clients, in terms of new sales. What are industry loss warranties (ILWs)? Reach the largest reinsurance audience. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website (Cookie Policy). J. Patrick Gallagher. Cavanagh added: James is one of the most highly regarded executives in the industry and has a stellar track record of driving innovation and financial performance. 07337195. James Kent, Global CEO, Willis Re, said: "Reinsurance providers will be heartened by these results. 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. 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. Stay updated by joining our mailing list! What are insurance-linked securities (or ILS)? We are bringing together highly complementary and well-respected reinsurance businesses to create a truly compelling unified reinsurance platform. Wheres the profitability? 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. Learn more at willistowerswatson.com. Kent, who was previously co-president of Willis Re and president of Willis Re North America, took up the post with immediate effect. Even in areas where there appears to be a concentration such as Latin America and Marine, the two businesses match up really well in having very different client profiles. If you are not familiar with these principles, here are some quick tips. Global reinsurance capital increases 15% in 2019 Or find and follow Reinsurance News on social media. WTW hires from Aon for corporate risk and broking role, 3. Search California public, government employee, workers salaries, pensions and compensation Stay updated by joining our mailing list! He was appointed to the additional role of Co-President, Willis Re, in August 2015. April Reinsurance Renewal Pricing 'More of the Same,' Reports Willis Re Gallagher Re feels like a billion dollar startup with a tremendous opportunity: James Kent & Pat Gallagher 1st December 2021 - Author: Luke Gallin With Arthur J. Gallagher's (AJG) acquisition of Willis Re's treaty reinsurance operations now complete, resulting in a much larger Gallagher Re, senior executives told Reinsurance News that it . The third is bringing Gallagher Re to our global clients. 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. Its not just reinsurance. 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. 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. Willis Re 1st View Now theyve landed, the waiting period is over. The filing showed diverse . As an executive producer and owner of a percentage of the show's backend equity, he has earned north of $50 million on syndication deals to date." He is a well-respected leader within this business and has played a significant role in shaping Willis Re over the past decade, particularly in driving the growth of our Bermuda and North America operations.. It was announced in August that Gallagher had reached an agreement to acquire all of the treaty operations of Willis Re from its parent for an initial gross consideration of $3.25 billion. Looking further ahead, he highlighted four themes that will underpin the integration process that Gallagher Re goes through. They dont know it, but theyre not going to trade with the major carriers around the world without good reinsurance capabilities. This is not a synergy play, this is an investment play, Mr. Gallagher said, noting that it is Gallaghers biggest acquisition to date. 2011-2021 salaries for San Francisco | Transparent California 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. An average 36% of seven sample reinsurance placements of $500m or greater was placed with non-traditional reinsurance markets or using catastrophe bonds, James Kent to lead Gallagher Re as acquisition of Willis Re completes The acquisition of Willis Re creates a reinsurance brokerage approaching $1 billion in annualized revenue and makes Gallagher Re the worlds third-largest reinsurance brokerage. James Kent, global chief executive officer at Willis Re, said: "Such a solid development of the global reinsurance industry's capital base would hardly have been expected earlier last year, as the COVID pandemic was gathering pace. March 15, 2023 James Kent (L) and Tom Wakefield (R) AJ Gallagher has named global CEO of Gallagher Re James Kent to a new group role in which he will lead the broker's strategic relationships with its most important (re)insurance partners, with Tom Wakefield set to succeed him in his current role. I do see tuck-in acquisition opportunities, and were always interested in creative people joining the firm, he said. From January 2019 to December last year, Granholm reported earning at least $2 million, according to a financial disclosure she filed before becoming energy secretary. While there are far fewer reinsurance brokerages operating, there will be opportunities for further acquisitions in that sector, Mr. Gallagher said. To search specifically for more than one word, put the search term in quotation marks. He is a well-respected leader within this business and has played a significant role in shaping Willis Re over the past decade, particularly in driving the growth of our Bermuda and North America operations. Steve Evans Ltd. registered in England No. 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. Not only is John a recognized leader of the Willis Re business, he is also a leading figure in the global reinsurance industry. 15 March 2023 AJ Gallagher has named global CEO of Gallagher Re James Kent to a new group role in which he will lead the broker's strategic relationships with its most important. Mr . Our Standards: The Thomson Reuters Trust Principles. Weve got a group that has come together on both sides. For more information, visit willisre.com. With roots dating to 1828, Willis Towers Watson has 39,000 employees in more than 120 territories. "Thankfully strong capital growth in 2019 allied to judicious investment strategies by many companies has put the industry in a good position to weather the current volatile environment," he said. WTW hires from Aon for corporate risk and broking role, 3. See here for a complete list of exchanges and delays. Additional notes: Kent joined Willis Re in 2004 as Executive Vice President, Willis Re Bermuda, bringing more than 15 years experience producing and placing Property and Casualty treaty business across both London and Bermuda. Tom Wakefield, a former Aon executive who was named CEO of Gallagher Re in June, will head Gallagher Res U.K. business and report to Mr. Kent and Simon Matson, CEO of Europe, the Middle East and Africa for Gallagher, Mr. Kent said. Theres no winners and losers here. AJG's Kent to hand reins to Wakefield as he takes on group carrier ESG investment in insurance-linked securities (ILS), Monte Carlo Reinsurance Rendezvous Archives, Mortgage insurance-linked notes transactions, UCITS Catastrophe Bond Funds assets under management, Pension funds investing in insurance-linked securities (ILS), Indenture Trustee, Paying Agent & Escrow Agent Services, Weather Risk Management, Insurance & Trading, Artemis Live Video interviews & content, List of Reinsurer Capital Markets Activities, Cat Bond, ILS, Reinsurance Reading For Beginners. Willis Towers Watson Public Limited Company. said Friday that it has named Joe Peiser to succeed Matt Keeping as head of broking, North America, part of its corporate risk and broking segment. As our readers will be aware, AJG has completed an enormous amount of acquisitions since its inception in 1927, and while some will have been more challenging than others, Gallagher explained that theres minimal conflict with the Willis Re deal. Willis Re names global deputy CEO | Insurance Business UK July 6 (Reuters) - Willis Re, the reinsurance business of Willis Towers Watson Plc, named James Kent chief executive, succeeding John Cavanagh. Alexis is accountable for supporting the company's short- and long-term success through oversight of operations, real estate and technology. She joined WTW in 2003 and has held a number of senior leadership . As chancellor of the New York Court of Chancery (1814-23), he is said to have made . 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 . Kent and his management team have significant work ahead of them that will make it hard for 2022 to. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. I couldnt be more excited, he continued. Mr. Kent. Willis Re's analysis provides clear evidence of the strength and resilience of reinsurance market capacity. WILLIS TOWERS WATSON PLC - Salary.com (Reporting by Gayathree Ganesan in Bengaluru). Sign up today for your free Reader Account.
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