The 6th Annual Dubai World Insurance Congress (DWIC) continues to reimagine the traditional conference. Stay updated by joining our mailing list! 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. The third is bringing Gallagher Re to our global clients. Kent, who is the units deputy global CEO, takes over after Cavanagh retires in December. James Kent appointed to lead Willis Re as global CEO 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 Re makes James Kent global deputy chief executive 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. 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 . All content copyright Steve Evans Ltd. 2021 All rights reserved. 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. Its not just reinsurance. BIs Article search uses Boolean search capabilities. You combine that leadership team and the team from Willis Re, and it is a one plus one equals five. Risk Strategies' acquisition expands benefits practice03-11-2021. Get in touch directly using our contact form. I think when we look back on this in years to come well say that it was one of the greatest things that the organization ever did, both for our clients and for our people. Wakefield confirmed as CEO of Gallagher Re prior to Willis Re merger 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. For group CEO Gallagher, this is another seminal moment for AJG. For example, hurricane & loss. 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. Of course, with any merger theres going to be integration and certain challenges that come with that. 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. We also coverlife,weather riskandlongevity risk transfer. Held in Singapore, July 13th, 2023. Mr. Cavanagh has been CEO at Willis Re since 2012. Willis Re names global deputy CEO | Insurance Business UK In the past seven years, Gallagher Re has established itself as the fifth largest reinsurance broker in the world. Theres no more talk of if, and whos going to come and whos not. Reach the largest reinsurance audience. Or find and follow Reinsurance News on social media. Website Privacy & Cookies and Disclaimer. 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. And the fourth is about talent; its about providing a platform where colleagues want to work, where they want to stay, where they see their long-term career aspirations. Gallagher has a long history of growing its retail operations through numerous small acquisitions. Under John Cavanagh, Paddy Jago and the rest of the Willis Re leadership team, Willis Res development as a highly collaborative and client-focused business within the investment, risk and reinsurance arena continues to set it apart in the marketplace.. Home / Cities / San Francisco 2011-2021 salaries for San Francisco 438,057 employee records found - Page 1 of 8,762 Subscribe to this agency . 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? AJG's Kent to hand reins to Wakefield as he takes on group carrier Highest-paid insurance executives 2023, 2. 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. To search specifically for more than one word, put the search term in quotation marks. AJ Gallagher has completed its acquisition of Willis Towers Watson's treaty reinsurance business. The filing showed diverse . Get in touch directly using our contact form. Talk to a Willis team member today. Kent, who was previously co-president of Willis Re and president of Willis Re North America, took up the post with immediate effect. 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. The second is real and proper connectivity between our product and practice groups in our regions, so that youre delivering that knowledge and expertise right across the globe, irrespective of where it sits. As with any business, integration sounds very easy to say but youve got to put it into practice, and human beings are complex. They dont know it, but theyre not going to trade with the major carriers around the world without good reinsurance capabilities. New Podcast with James Kent from Gallagher Re - AdvantageGo We have 220,000+ readers every month & 19,000+ email subscribers. Register today for ILS Asia 2023, our next insurance-linked securities (ILS) market conference. Travelers reports lower profit on higher cat losses; price hikes continue, 5. 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. 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. Kent immediately takes up his new role at Willis Re, working closely with global CEO John Cavanagh and global chairman Paddy Jago. J. Patrick Gallagher. AJG's Kent to hand reins to Wakefield as he takes on group carrier 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 . Mr. Kent. 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 The deal will also enhance Gallaghers insurance brokerage operations, said J. Patrick Gallagher Jr., chairman, president and CEO of Gallagher. James Kent | American jurist | Britannica 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. Website Privacy & Cookies and Disclaimer. Willis - Distributor of Corian, Lapitec, Fenix, Arpa, Kohler design For example, workers compensation. Sign up today for your free Reader Account. 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. The best way to contact us is through our online contact form which you can findhere. We will look to roll that out through Q1, and by the end of Q1 well have a combined structure and management team in place.. Willis Re's analysis provides clear evidence of the strength and resilience of reinsurance market capacity. Im proud of the fact that this team basically chose to become part of Gallagher. MOVES-Willis Re names James Kent CEO | Reuters 2011-2021 salaries for San Francisco | Transparent California

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