james kent willis re salary

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.. Of course, with any merger theres going to be integration and certain challenges that come with that. Get reinsurance news by email here. 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. 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. This will limit your search to that combination of words. Willis Towers Watson Public Limited Company. 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. Kent, who was previously co-president of Willis Re and president of Willis Re North America, took up the post with immediate effect. 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). July 6 (Reuters) - Willis Re, the reinsurance business of Willis Towers Watson Plc, named James Kent chief executive, succeeding John Cavanagh. Get in touch directly using our contact form. 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. 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. 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 . 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. BIs Article search uses Boolean search capabilities. 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. The combined company has more than 70 offices across 31 countries and about 2,400 staff, a Gallagher statement said. You combine that leadership team and the team from Willis Re, and it is a one plus one equals five. Im proud of the fact that this team basically chose to become part of Gallagher. Kent explained that while theres been a ton of integration work on the operational side to bring these two entities together, the reinsurance business integration starts now. Online since 1999, Artemis provides news, analysis & data on catastrophe bonds, insurance-linked securities & alternative reinsurance capital.. Not only is John a recognized leader of the Willis Re business, he is also a leading figure in the global reinsurance industry. During his time in Asia, he also spent 18 months in Shanghai, setting up Willis' China operation. Steve Evans Ltd. registered in England No. Mr . The deal is not intended to create cost savings through significant numbers of layoffs as operations are combined, he said. 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. In 2021, James J. Kent was an Administrative Law Judge at the Social Security Administration in Lansing, Michigan. Get our free email newsletters for weekly summaries & reminders of stories you may have missed --. Under the terms of the deal, Gallagher paid Willis $3.25 billion and agreed to potentially pay an additional $750 million in 2025 based on the revenue of the acquired operations in 2024. 15 March 2023 AJ Gallagher has named global CEO of Gallagher Re James Kent to a new group role in which he will lead the broker's strategic relationships with its most important. James Kent, Global CEO, Willis Re July 1, 2021 . 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. 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. However, if you would like to, you can change your cookie settings at any time. The deal . J. Patrick Gallagher. 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. 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 People say why the big investment? 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.. Or, email[emailprotected]with any questions, suggestions or advertising enquiries. He is absolutely the right person to help further Willis Res global development and I look forward to working with him more closely in his new capacity as Deputy CEO., Carl Hess, Head of Willis Towers Watsons Investment, Risk and Reinsurance segment, added: James appointment reflects the deep strength of Willis Res leadership team and the strong track record within that team of product innovation and financial performance. Kent pointed to Willis Re's record level of new business in 2020 and that it has hit a similar threshold in 2021, despite the ongoing uncertainty over its future. Our Standards: The Thomson Reuters Trust Principles. The deal will also enhance Gallaghers insurance brokerage operations, said J. Patrick Gallagher Jr., chairman, president and CEO of Gallagher. 07337195 We have 220,000+ readers every month & 19,000+ email subscribers. Speaking in an interview with Artemis just after the acquisition of Willis Re was announced, new Global CEO of Gallagher Re James Kent and AJG CEO Pat Gallagher, explained that the insurance-linked securities (ILS) business offering of Willis Re Securities is a key area of opportunity. See here for a complete list of exchanges and delays. Now theyve landed, the waiting period is over. . Kent joined Willis Re in 2004 and has served as the global deputy CEO since December 2016. Send us a Message. This field is for validation purposes and should be left unchanged. James J. Kent is a AL-03 under the administrative law judges payscale . They dont know it, but theyre not going to trade with the major carriers around the world without good reinsurance capabilities. For example, workers compensation. 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. Mr. Kent joined Willis Re in 2004 and has served as the global deputy CEO since December 2016. 07337195 Kent joined Willis Re in 2004 as Willis Re Bermuda executive vice president, bringing more than 15 . Aon names managing director, public sector partnership, 6. Reinsurance is at the heart of every retail clients need. Kent will retain his role as Willis Re North America president and will continue to work in New York alongside Jim Bradshaw. 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. Get in touch directly using our contact form. And that includes attracting talent to the organization as well. Or find and follow Reinsurance News on social media. We were a big ILS player before this, not in the security side, but the two marry up very, very nicely, AJG CEO Pat Gallagher told us. Kent, who is the units deputy global CEO, takes over after Cavanagh retires in December. The deal comprises Willis Towers Watsons treaty reinsurance business. Get reinsurance news by email here. Its not just reinsurance. Willis Towers Watson P.L.C. No further leadership changes have been announced, he said. Tagged as: capital markets, Cat bond, Catastrophe bond, Collateralized reinsurance, ILS funds, Insurance linked securities, mergers & acquisitions, reinsurance, reinsurance broker, sidecar, third-party reinsurance capital, Receive a regular weekly email newsletter update containing all the top news stories, deals and event information. James Kent, global chief executive officer at Willis Re, said: "Such a solid development of the global reinsurance industry's capital base would hardly have been expected earlier last year, as the COVID pandemic was gathering pace. Hub secures additional private-equity investment, 4. Website Privacy & Cookies and Disclaimer. Its facultative reinsurance business, which is part of its retail brokerage operations, was not included. | Source: What are industry loss warranties (ILWs)? If you are not familiar with these principles, here are some quick tips. 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.. This is not like that at all. Reach the largest reinsurance audience. He will help in leading global business production, client. Highest-paid insurance executives 2023, 2. Home / Cities / San Francisco 2011-2021 salaries for San Francisco 438,057 employee records found - Page 1 of 8,762 Subscribe to this agency . Commenting on Kents promotion, John Cavanagh said: James is one of the most highly regarded executives in the industry and has a stellar track record of driving innovation and financial performance. 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. Willis had been due to sell Willis Re to Gallagher as. This field is for validation purposes and should be left unchanged. 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. 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. The hope is that these additions will immediately provide exceptional value to insurance carriers and insurance capital providers around the world. Gallagher struck a deal to acquire Willis Re for $3.25bn in August in the wake of the collapsed Aon-Willis Towers Watson merger. 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. 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 . She joined WTW in 2003 and has held a number of senior leadership . (Reporting by Gayathree Ganesan in Bengaluru). 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. We have 220,000+ readers every month & 19,000+ email subscribers. What is collateralized (or collateralised) reinsurance? But the point about the Willis Re team, it will be firmly embedded within the combined reinsurance businesses and I think theres a real opportunity for us to accelerate sales. 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. He joined Willis Re in 2009 after spending 21 years at the Carvill Group, where he was joint CEO. 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. Consistent with the 1.1 and 1.4 renewals pressure on pricing especially on loss 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. 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. Alexis is accountable for supporting the company's short- and long-term success through oversight of operations, real estate and technology. 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.. Together, we will build upon our shared focus of outstanding service, expertise and client-centric culture. Ahead of this years RVS, Willis Re gobal chief executive John Cavanagh talked to Global Reinsurance about the WTW merger, disruption and the need to be proactive, Published by Newsquest Media Group Limited, registered in England & Wales with number 01676637 at Loudwater Mill, Station Road, High Wycombe HP10 9TY - a Gannett company, DWIC, 8 and 9 March 2023, Ritz Carlton DIFC, Dubai. Catastrophe bonds, insurance linked securities, reinsurance capital & investment, risk transfer intelligence. Highest-paid insurance executives 2023, 2. 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. Willis Re has promoted James Kent to the role of global deputy chief executive. Learn more at willistowerswatson.com. or call us at 1-888-994-5547. Travelers reports lower profit on higher cat losses; price hikes continue, 5. Because that is what they had, they had a lot of choices down to the individual level, and for all of those new colleagues to say, yes, lets give it a go as Gallagher Re, I couldnt be prouder, said Gallagher. I am confident the combination will deliver tremendous value to our clients, our global brokerage and risk management teams, and our shareholders.. 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. For group CEO Gallagher, this is another seminal moment for AJG. 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. 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.. This will limit your search to that combination of words. James Kent, Willis Re's global CEO, said the analysis underlines the reinsurance industry's sensitivity to investment markets. We also coverlife,weather riskandlongevity risk transfer. As with any business, integration sounds very easy to say but youve got to put it into practice, and human beings are complex. With roots dating to 1828, Willis Towers Watson has 39,000 employees in more than 120 territories. Held in Singapore, July 13th, 2023. He is a well-respected leader within this business and has played a significant role in shaping Willis Re over the past decade, particularly in driving the growth of our Bermuda and North America operations.. Willis Re global chief executive James Cavanagh described Kent as absolutely the right person to help further Willis Res global development. Willis Re has promoted James Kent to the role of global deputy chief executive. Or find and follow Reinsurance News on social media. Mr. Kent. 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. Kent, who was previously co-president of Willis Re and president of Willis Re North America, took up the post with immediate effect. 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. 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. 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. Secure your place at the event here! To search specifically for more than one word, put the search term in quotation marks. Sign up today for your free Reader Account. Alexis Faber is the Chief Operating Officer at WTW. 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 6th Annual Dubai World Insurance Congress (DWIC) continues to reimagine the traditional conference. Of course, it still isn't going to be plain sailing for new Gallagher Re CEO James Kent. James Kent. 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. Well, it starts with exactly what James was talking about, the clients. 07337195. As James said, the best startup Ive ever seen in my 50 years in this business was Gallagher Re. Get a ticket soon to ensure you can attend. To search specifically for more than one word, put the search term in quotation marks. Travelers reports lower profit on higher cat losses; price hikes continue, 5. Gallagher has a long history of growing its retail operations through numerous small acquisitions. Talk to a Willis team member today. With Arthur J. Gallaghers (AJG) acquisition of Willis Res treaty reinsurance operations now complete, resulting in a much larger Gallagher Re, senior executives told Reinsurance News that it feels like day one at a billion dollar startup. Risk Strategies' acquisition expands benefits practice03-11-2021. 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 . The broker's global team of experts offers services and advice that can help clients make better reinsurance decisions and negotiate optimum terms. This field is for validation purposes and should be left unchanged. 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. Discover our wide range of surface material solutions with our sales team. He will remain based in New York. 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. Kent began working at the Social Security Administration in 2011 with a starting salary of $118,612. For example, hurricane & loss. 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. Search California public, government employee, workers salaries, pensions and compensation Stay updated by joining our mailing list! Since then, Kent's salary has increased to $183,300 in 2021. This is not a synergy play, this is an investment play, Mr. Gallagher said, noting that it is Gallaghers biggest acquisition to date. 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. 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. 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.. Hub secures additional private-equity investment, 4. 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. Gallagher Re now has an exciting opportunity to evolve its reinsurance broking and ILS management offerings, to now incorporate the ability to structure and sell securities issuances. 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 way were looking at this, is really a billion dollar startup, said Kent. This site, like many others, uses small files called cookies to ensure that we give you the best experience on our website. At a cost of $3.25 billion, the acquisition is no small investment for AJG, but as Gallagher explained, this is about more than just reinsurance and its expected that synergistic opportunities for Gallagher Re will emerge with other AJG units. Inside P&C 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, Hubs valuation: A shiver passes through the private broking sector, CNA Q1 reserve charge linked to exited London PL book: CEO Robusto, Need to Know: AIG, Hub investment, Aon results, CinFins severe convective storm exposure led to high cat losses: CEO Johnston, Gain your competitive advantage with Inside P&C. 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. Mr. Cavanagh has been CEO at Willis Re since 2012. James Kent, global CEO of Willis Re, said the market "landscape has not seen much change" since January 1 and consequently the important April 1 renewals "saw more of the same between . AJ Gallagher has completed its acquisition of Willis Towers Watson's treaty reinsurance business.

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