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The status was achieved thanks to the MGA’s insurance partner, Apollo Underwriting.
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Parametric triggers are likely to involve financial losses and a number of impacted businesses.
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WTW is looking to strategically hire across its business, having rebuilt its team following the failed Aon merger.
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Cyber physical damage cover has also been added to the facility.
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The broker has also placed a new cyber facility.
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Ian Gooch will be stepping down as CEO after 15 years leading the P&I club.
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The carrier said it has “moderate exposure” to the bridge collapse.
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Alex Nicoll joined Sedgwick in January as UK head of media and entertainment.
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A claims dispute between the US Coast Guard and insurers has sparked fear about aggregations.
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Axa XL’s product recall team was depleted after two senior underwriters resigned in January.
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The IG said that around 800 tankers have left group clubs because of the cap.