Kent pointed to Willis Re's record level of new business in 2020 and that it has hit a similar threshold in 2021, despite the ongoing uncertainty over its future. Gallagher Re: It gets easier from here - Insurance Insider Get reinsurance news by email here. 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. 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 filing showed diverse . No further leadership changes have been announced, he said. Im talking to retailers every day about why they should be excited about this deal, the position that it puts us in and why that benefits the retail middle market client, he continued. In 2021, James J. Kent was an Administrative Law Judge at the Social Security Administration in Lansing, Michigan. With the completion of its acquisition of the treaty reinsurance business of Willis Towers Watson, Arthur J. Gallagher and its reinsurance unit Gallagher Re has an opportunity to accelerate sales of insurance-linked securities (ILS), its senior executives told Artemis. Consistent with the 1.1 and 1.4 renewals pressure on pricing especially on loss Kent will retain his role as Willis Re North America president and will continue to work in New York alongside Jim Bradshaw. This will limit your search to that combination of words. WTW hires from Aon for corporate risk and broking role, 3. 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. Get reinsurance news by email here. 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. In November, the UKs Competition and Markets Authority (CMA) ended its investigation into and cleared the planned acquisition, which has now completed. Global reinsurance capital, profits, and ROE on the rise in And to be part of that in a bigger way now, the opportunity for us to know downstream what are the concerns of the reinsurance model? Gallagher Re will be led by James Kent as Global Reinsurance Chief Executive Officer (CEO), reporting to Tom Gallagher, who is Gallaghers CEO of Global Property & Casualty Brokerage. James Kent appointed to lead Willis Re as global CEO Mr. Kent joined Willis Re in 2004 and has served as the global deputy CEO since December 2016. 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. Talk to a Willis team member today. Its all about how do we take this thing forward as quickly as we can, said Gallagher. Kent immediately takes up his new role at Willis Re, working closely with global CEO John Cavanagh and global chairman Paddy Jago. 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. Kent joined Willis Re in 2004 and has served as the global deputy CEO since December 2016. James Kent, Global CEO, Willis Re, said: "Reinsurance providers will be heartened by these results. Mr. Cavanagh has been CEO at Willis Re since 2012. 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 . Where are people taking larger retentions, and why? And that includes attracting talent to the organization as well. Reach the largest reinsurance audience. New Podcast with James Kent from Gallagher Re - AdvantageGo July 6 (Reuters) - Willis Re, the reinsurance business of Willis Towers Watson Plc, named James Kent chief executive, succeeding John Cavanagh. 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. Theres no winners and losers here. | Source: So, whats good about this is that the integration conversations arent about who wins and who loses, when sometimes thats the way integrations have to go. Kent, who was previously co-president of Willis Re and president of Willis Re North America, took up the post with immediate effect. What are insurance-linked securities (or ILS)? However, if you would like to, you can change your cookie settings at any time. AJ Gallagher completes $3.25bn Willis Re acquisition 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. 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..
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