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Securities class actions are a perennial source of claims for D&O insurers.
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New capacity and increased competition is bringing rating levels under pressure.
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In messaging to the market, the cyber insurer described the rating environment as “stable and sustainable”.
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Crashes and collisions accounted for 63% of aviation insurance claims between 2019 and 2024.
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Current head of marine hull Helen Costin is set to retire from the business.
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The broker said achieving profitability “remains challenging” for insurers.
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The carrier is expanding its MGA partnerships and has invested in its marine team.
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The broker said rising reinsurance costs after the Baltimore Bridge collapse could put a brake on softening in 2025.
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The firm said losses could fall under $300mn if more favourable assumptions were applied.
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The investment will be used to scale operations and extend its presence in key international markets.
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Staff movement in energy has been more active than any other class of business this year.
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WTW has also recruited Marsh’s Thomas Burrows and Rupert Mackenzie recently.