james kent willis re salary

While there are far fewer reinsurance brokerages operating, there will be opportunities for further acquisitions in that sector, Mr. Gallagher said. 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. Where are people taking larger retentions, and why? So, if we get those four things right, I feel that will underpin a business for the foreseeable future that will be very, very effective, said Kent. In November, the UK's Competition and Markets Authority (CMA) ended its investigation into and cleared the planned acquisition, which has now completed. 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 . The Gallagher CEO was speaking alongside new Gallagher Re CEO James Kent following the completion of the number-four broker's $3.25bn acquisition of Willis Re. Our Standards: The Thomson Reuters Trust Principles. Willis had been due to sell Willis Re to Gallagher as. The deal is not intended to create cost savings through significant numbers of layoffs as operations are combined, he said. Highest-paid insurance executives 2023, 2. For example, workers compensation. This field is for validation purposes and should be left unchanged. Get in touch directly using our contact form. Register today for ILS Asia 2023, our next insurance-linked securities (ILS) market conference. Or find and follow Reinsurance News on social media. 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. 1. Kent, who is the unit's deputy global. To search specifically for more than one word, put the search term in quotation marks. Its really at the heart of everything that happens in this industry. Website Privacy & Cookies and Disclaimer. Now theyve landed, the waiting period is over. Willis Re 1st View July 1, 2021 3 Property Commentary by Territory Australia An orderly renewal with no material changes to wordings or conditions. Hub secures additional private-equity investment, 4. He will remain based in New York. John has been instrumental in creating the reinsurance business we have today and will leave a strong legacy., Mr. Kent said in a statement that he was honored to have this opportunity to lead Willis Re., In succeeding John, Mr. Kent said, I look forward to further enhancing our proposition to help clients effectively manage their risk while building on the collaborative culture so integral to our proposition for both clients and colleagues.. Aon names managing director, public sector partnership, 6. AJ Gallagher has completed its acquisition of Willis Towers Watson's treaty reinsurance business. Mr . We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. 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. Whats happening with accumulations? Home / Cities / San Francisco 2011-2021 salaries for San Francisco 438,057 employee records found - Page 1 of 8,762 Subscribe to this agency . 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But I genuinely see the two businesses as very complementary, he added. Gallagher Re has strengths in many business lines, and whether thats mortgage, cyber, UK motor, PA or specialty lines, they are a really good fit with the existing Willis Re footprint. During his time in Asia, he also spent 18 months in Shanghai, setting up Willis' China operation. Kent joined Willis Re in 2004 as Willis Re Bermuda executive vice president, bringing more than 15 years experience producing and placing property and casualty treaty business across both London and Bermuda. James Kent. 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. See here for a complete list of exchanges and delays. 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. And that includes attracting talent to the organization as well. Discover our wide range of surface material solutions with our sales team. Website Privacy & Cookies and Disclaimer. Only email is mandatory, but the more you tell us about yourself the better we can serve you in future. Get a ticket soon to ensure you can attend. 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. What is collateralized (or collateralised) reinsurance? I couldnt be more excited, he continued. Steve Evans Ltd. registered in England No. . 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 . Spinnaker targets debut catastrophe bond, $100m Mountain Re Ltd. catastrophe bonds, insurance-linked securities, insurance & reinsurance linked investments, Get our free email newsletters for weekly summaries & reminders of stories you may have missed. We are bringing together highly complementary and well-respected reinsurance businesses to create a truly compelling unified reinsurance platform. 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The third is bringing Gallagher Re to our global clients. 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 . This is not like that at all. Gallagher has a long history of growing its retail operations through numerous small acquisitions. Our unique perspective allows us to see the critical intersections between talent, assets and ideas the dynamic formula that drives business performance. And as long as that remains, we are going to get there in terms of a really, really strong integration process and bringing out whats best again for those two constituents, our clients and our colleagues.. This field is for validation purposes and should be left unchanged. This field is for validation purposes and should be left unchanged. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. Highest-paid insurance executives 2023, 2. Willis Towers Watson P.L.C. 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 data and analytics that well receive now for our clients, and how well use that data and analytics, it just makes us stronger across the spectrum. Expanding on Kents comments around talent, Gallagher commended the tremendous effort of the executive and leadership team of Willis Re through the entire organisation for being able to keep the team together. Talk to a Willis team member today. WTW hires from Aon for corporate risk and broking role, 3. The reinsurance portion of Gallagher now will be incredibly additive to what we are doing as a retailer, Mr. Gallagher said. or call us at 1-888-994-5547. With roots dating to 1828, Willis Towers Watson has 39,000 employees in more than 120 territories. Weve got a group that has come together on both sides. This will limit your search to that combination of words. The deal . 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 . Following a successful tenure leading Willis Re's Bermuda office, in 2010, Kent was appointed President of Willis Re North America, moving to New York to work alongside Willis Re North America . For the final seasons, he earned $400,000 per episode. I am confident the combination will deliver tremendous value to our clients, our global brokerage and risk management teams, and our shareholders.. 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. Learn more at willistowerswatson.com. Read more about Artemis. 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 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. Consistent with the 1.1 and 1.4 renewals pressure on pricing especially on loss Kent began working at the Social Security Administration in 2011 with a starting salary of $118,612. While it remains smaller than rivals Aon and Guy Carpenter & Co. LLC, a unit of Marsh & McLennan Cos. Inc., the three largest reinsurance brokers dwarf other reinsurance intermediaries in the market. Kent immediately takes up his new role at Willis Re, working closely with global CEO John Cavanagh and global chairman Paddy Jago. The best way to contact us is through our online contact form which you can findhere. Willis Re global chief executive James Cavanagh described Kent as absolutely the right person to help further Willis Res global development. Add to that the long-established global footprint and success of the Willis Re business, and its a really exciting combination. People say why the big investment? 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. As an executive producer and owner of a percentage of the show's backend equity, he has earned north of $50 million on syndication deals to date." July 6 (Reuters) - Willis Re, the reinsurance business of Willis Towers Watson Plc, named James Kent chief executive, succeeding John Cavanagh. Like everywhere else, we will be seeking to make investments in that business in talent to support what we have today and accelerate forward for tomorrow.. Together with Gallaghers existing reinsurance business, the combined operation will trade as Gallagher Re from over 70 offices across 31 countries and incorporate around 2,400 colleagues. Gallagher says that the acquisition brings specialist expertise, underpinned by a portfolio of analytics capabilities including catastrophe modeling, dynamic financial analysis, rating agency analysis and capital modeling. 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. This is according to AJG Chairman, President and CEO Pat Gallagher and James Kent, the new Global Chief Executive Officer (CEO) of Gallagher Re, who spoke with Reinsurance News about the successful acquisition and what this means going forwards. Online since 1999, Artemis provides news, analysis & data on catastrophe bonds, insurance-linked securities & alternative reinsurance capital.. James Kent, Global CEO, Willis Re July 1, 2021 . Gallagher struck a deal to acquire Willis Re for $3.25bn in August in the wake of the collapsed Aon-Willis Towers Watson merger. 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. 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. Alexis is accountable for supporting the company's short- and long-term success through oversight of operations, real estate and technology. Sign up today for your free Reader Account. J. Patrick Gallagher, Jr., Chairman, President and CEO, commented: Id like to officially welcome our new reinsurance brokerage colleagues to the Gallagher family of professionals. ABOUT WILLIS REOne of the world's leading reinsurance brokers, Willis Re is known for its world-class analytics capabilities, which it combines with its reinsurance expertise in a seamless, integrated offering that can help clients increase the value of their businesses. Willis Towers Watson names North American broking head, Former Willis chief Casserley joins private equity firm, Willis Towers Watson builds new global broking leadership team, 1. Mr. Cavanagh has been CEO at Willis Re since 2012. 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. A long-standing member of Willis Res global leadership team, Kent will retain his role as President of Willis Re North America and continue to work in New York alongside Willis Re North America CEO, Jim Bradshaw, to drive sales and growth efforts, produce business and maintain market and client relationships in the region, which has seen 50 percent market share growth over the past five years and now represents Willis Res largest business segment. Theres no more talk of if, and whos going to come and whos not. Catastrophe bonds, insurance linked securities, reinsurance capital & investment, risk transfer intelligence. I see the management teams, certainly in the interactions that Ive had, as incredibly mature and focused on two things: our clients and our colleagues. The deal will also enhance Gallaghers insurance brokerage operations, said J. Patrick Gallagher Jr., chairman, president and CEO of Gallagher. James Kent, (born July 31, 1763, Fredericksburgh, Putnam County, N.Y.died Dec. 12, 1847, New York City), jurist whose decisions and written commentaries shaped the inchoate common law in the formative years of the United States and also influenced jurisprudence in England and other common-law countries. No further leadership changes have been announced, he said. Of course, it still isn't going to be plain sailing for new Gallagher Re CEO James Kent. Following a successful tenure leading Willis Res Bermuda office, in 2010, Kent was appointed President of Willis Re North America, moving to New York to work alongside Willis Re North America CEO, Jim Bradshaw, and Willis Re North America Chairman, Paddy Jago. 07337195. Mr. Kent joined Willis Re in 2004 and has served as the global deputy CEO since December 2016. 07337195 Gallagher Re will be led by former Willis Re CEO James Kent as global reinsurance CEO. J. Patrick Gallagher. James Kent, Global CEO, Willis Re, said: "Reinsurance providers will be heartened by these results. Willis Re has promoted James Kent to the role of global deputy chief executive. The deal follows a turbulent seven-month period that saw Gallaghers original offer to buy Willis Re in May fall apart and later be modified and revived after Aon PLCs deal to buy Willis Towers Watson PLC was terminated in July in the face of regulatory opposition. He joined Willis Re in 2009 after spending 21 years at the Carvill Group, where he was joint CEO. We also coverlife,weather riskandlongevity risk transfer. Only email is mandatory, but the more you tell us about yourself the better we can serve you in future. Reach the largest reinsurance audience. Prior to the Willis Re acquisition, Gallagher Re was the worlds fifth-largest reinsurance brokerage. Willis Towers Watson Public Limited Company I do see tuck-in acquisition opportunities, and were always interested in creative people joining the firm, he said. Search California public, government employee, workers salaries, pensions and compensation Stay updated by joining our mailing list! BIs Article search uses Boolean search capabilities. We have 220,000+ readers every month & 19,000+ email subscribers. This site, like many others, uses small files called cookies to ensure that we give you the best experience on our website. The broker's global team of experts offers services and advice that can help clients make better reinsurance decisions and negotiate optimum terms. 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. The deal comprises Willis Towers Watsons treaty reinsurance business. Kent, who was previously co-president of Willis Re and president of Willis Re North America, took up the post with immediate effect. Willis Re 1st View And if thats right, then the investors are going to do extremely well. 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). 2,200 new colleagues and virtually everybody said yes, lets give this a go, said Gallagher. Kent joined Willis Re in 2004 as Willis Re Bermuda executive vice president, bringing more than 15 . (Reporting by Gayathree Ganesan in Bengaluru). I will maintain my very strong ties and working relationships within North America, but having been part of the Willis Re global leadership team now for the past six years, my new role will enable me to further the already close relationships with my International and Specialty colleagues as we continue to build our client-focused business as part of Willis Towers Watson.. Her industry expertise spans more than 20 years in insurance and financial services. 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? LONDON, Nov. 28, 2016 (GLOBE NEWSWIRE) -- Willis Re, the reinsurance business of leading global advisory, broking and solutions company Willis Towers Watson (NASDAQ:WLTW), today announced the promotion of James Kent Co-President of Willis Re and President of Willis Re North America to the position of Global Deputy CEO, Willis Re, with immediate effect. Theres no winners and losers here. We also publish Artemis.bm, the leading publisher of news, data and insight for the catastrophe bond, insurance-linked securities, reinsurance convergence, longevity risk transfer and weather risk management sectors.. Weve published and operated Artemis since its launch 20 years ago and have a readership of around 60,000 every month. The combined company has more than 70 offices across 31 countries and about 2,400 staff, a Gallagher statement said. What are insurance-linked securities (or ILS)? However, if you would like to, you can change your cookie settings at any time. Steve Evans Ltd. registered in England No. July 6 (Reuters) - Willis Re, the reinsurance business of Willis Towers Watson Plc, named James Kent chief executive, succeeding John Cavanagh. He will report to Tom Gallagher, Gallaghers CEO of global property & casualty brokerage. 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. Wakefield will lead the business through to the integration with Willis Re, at which point Willis Re CEO James Kent is expected to take on the Gallagher Re leadership, with Wakefield. All quotes delayed a minimum of 15 minutes. In the past seven years, Gallagher Re has established itself as the fifth largest reinsurance broker in the world. Both Kent and Gallagher foresee numerous opportunities for the now much bigger Gallagher Re, including the mix of talent between the two organisations and also the way the businesses complement each other. If you are not familiar with these principles, here are some quick tips. 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. BIs Article search uses Boolean search capabilities. Now the combination is finalised, Kent stressed that from day one, the focus has to be on taking the best of the culture of both organizations and bringing that and making it an even better culture on a combined basis. Aon names managing director, public sector partnership, 6. 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. 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. There is not one person in this deal who is being asked to leave because we have an overlap. Get our free email newsletters for weekly summaries & reminders of stories you may have missed --. Or, email[emailprotected]with any questions, suggestions or advertising enquiries. For example, workers compensation. The industry has endured several years of below-par performance, capped by the calamitous . | Source: Get reinsurance news by email here. Alexis Faber is the Chief Operating Officer at WTW. Kent added: This combination marks a new chapter for two remarkable reinsurance broking teams as well as for our valued and extremely supportive clients and stakeholders. In his additional capacity as Global Deputy CEO, Kent will work closely with Global CEO, John Cavanagh, and Global Chairman, Paddy Jago, to lead global business production, client and market relationship management and to drive the businesss operations worldwide. Kent joined Willis Re in 2004 and has served as the global deputy CEO since December 2016. Its not just reinsurance. 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. Wheres the profitability? Well, it starts with exactly what James was talking about, the clients. Top Global Insurance & Reinsurance Brokers, Tom Johansmeyer leaves PCS to join reinsurance broker Inver Re as Global Head of Index, Verisk launches XactXpert to automate, accelerate property claims estimates review, Reinsurance Association of America elects chair, vice chair of board. Arthur J. Gallagher & Co. on Wednesday completed its acquisition of Willis Re with a $3.25 billion payment that could rise to $4 billion depending on future revenue. Together, we unlock potential. Cavanagh added: James is one of the most highly regarded executives in the industry and has a stellar track record of driving innovation and financial performance. WTW hires from Aon for corporate risk and broking role, 3. 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. As weve explained before, Gallagher already has specific ILS, catastrophe bond and collateralized reinsurance expertise in its broking teams and its insurance management unit Artex, which of course owns ILS leading facilitator Horseshoe. So, Gallagher had some investments in businesses that have an ILS association. We have much better data and analytics for our clients, well know whats going on at the very base of the capital management structure, and well be able to use that in the retail market.. James Kent, Global CEO, Willis Re July 1, 2019 Improvements to reinsurance treaty terms and conditions are outstripped by more significant changes in primary markets . Kent, who was previously co-president of Willis Re and president of Willis Re North America, took up the post with immediate effect. The hope is that these additions will immediately provide exceptional value to insurance carriers and insurance capital providers around the world. Kent, who is the units deputy global CEO, takes over after Cavanagh retires in December. 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. As James said, the best startup Ive ever seen in my 50 years in this business was Gallagher Re. If you are not familiar with these principles, here are some quick tips. You combine that leadership team and the team from Willis Re, and it is a one plus one equals five. 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. 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 2021, James J. Kent was an Administrative Law Judge at the Social Security Administration in Lansing, Michigan.

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