This is not a synergy play, this is an investment play, Mr. Gallagher said, noting that it is Gallaghers biggest acquisition to date. Employee Profile of James J. Kent Administrative Law Judge - FederalPay Wheres the profitability? 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. This field is for validation purposes and should be left unchanged. 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. Now theyve landed, the waiting period is over. 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. Get reinsurance news by email here. We also coverlife,weather riskandlongevity risk transfer. 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. Kent, who is the unit's deputy global. James Kent, Global CEO, Willis Re January 1, 2020 . Global re/insurance broker Arthur J. Gallagher & Co. has completed its previously announced acquisition of the treaty reinsurance operations of rival Willis Towers Watson (WTW). Theres no more talk of if, and whos going to come and whos not. Willis Re has promoted James Kent to the role of global deputy chief executive. 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.. And Im very proud of that. If that can be developed into a fully-integrated offering, it will benefit the group and provide synergistic opportunities to bring ILS capital more closely to its reinsurance clients, as well as embed ILS risk transfer within its broader insurance and reinsurance market product-set. Kent, who is the units deputy global CEO, takes over after Cavanagh retires in December. This site, like many others, uses small files called cookies to ensure that we give you the best experience on our website.
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