Willis Towers Watson has announced the appointment of Simon Weaver as head of Australasia, which has been combined with his previous role as head of corporate risk and broking, effective immediately.
Weavers would replace previous head of Australasia, Andrew Boal, who announced his resignation after two decades with the firm.
Head of international, Adam Garrard, said Weaver had extensive risk management and insurance broking industry expertise, and has connected strongly with clients since his appointed to the corporate risk and broking role.
“In all sectors of our business, Simon is committed to fostering the delivery of excellent client experiences, assisted by a highly-experienced senior leadership team across CRB [corporate risk and broking] and HCB [human capital and benefits], which includes our long-established and well-respected superannuation team,” said Gerrard.
The message from experts in international trade and economists is that the Australian government should refrain from retaliating with reciprocal tariffs.
The market correction forecast by AMP’s chief economist is in full swing, with three weeks of turbulence culminating in significant losses on Tuesday.
Following a strong risk appetite in January, institutional investors have pulled back in February, with risk-seeking activity dropping to zero amid a decline in equity allocations.
While Donald Trump’s signal of progress on the US administration’s cryptocurrency reserve sparked a brief market rally, broader economic concerns and trade tensions led to an equally sharp reversal.