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Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.

Willis Re sale deemed necessary for Aon-WTW merger

22nd January 2021

73% of industry participants we approached feel regulators will require Willis Towers Watson to sell its reinsurance subsidiary Willis Re if the much publicised mega-merger with Aon is to go ahead. The two broking giants confirmed that a business combination was being pursued back in March 2020. It's believed such a ... Read the full article

WTW enhances global P&C hub with addition of Shanghai

18th January 2021

Global insurance and reinsurance brokerage, Willis Towers Watson (WTW), has added Shanghai to its international property and casualty hub as the firm looks to enhance its global placement model for clients. Initially focused on the coordination of placement activity across London, Bermuda, and Singapore, the Global Markets P&C Hub further strengthens ... Read the full article

Despite Q4 rebound, 2020 M&A activity fell to lowest level since GFC: WTW

12th January 2021

In spite of a rebound in the final quarter of the year, re/insurance broker Willis Towers Watson (WTW) reports that in 2020, global mergers and acquisitions (M&A) activity declined to its lowest level since the aftermath of the global financial crisis (GFC). The latest research on completed M&A deals from the ... Read the full article

WTW updates RiskAgility Financial Modeller software

8th January 2021

Re/insurance broker Willis Towers Watson (WTW) has launched a new version of RiskAgility Financial Modeller, its financial modelling and reporting software technology for life insurers. RiskAgility FM 3.0 provides life and health insurers with a new calculation approach to actuarial modelling, with faster run-times than current software. This is thought to reduce ... Read the full article

Focus on exclusions drove late Jan 1 renewals: James Vickers, Willis Re

4th January 2021

Although renewal negotiations started off early, challenges around exclusionary language as reinsurers continued to respond to the pandemic, resulted in a late January 1st, 2021 renewals, according to James Vickers, Chair, Willis Re International. In an interview with Reinsurance News around the launch of reinsurance broker Willis Re’s latest 1st View ... Read the full article

AJG a good fit for Willis Re if regulators force sale: KBW

4th January 2021

Analysts at KBW have pointed to Arthur J Gallagher as a likely buyer of Willis Re, if the investigation currently being carried out by EU regulators forces Aon and Willis Towers Watson (WTW) to make divestitures ahead of their planned merger. The European Commission (EC) confirmed last month that it ... Read the full article

EC confirms “in-depth investigation” of Aon / WTW merger

21st December 2020

The European Commission (EC) has now confirmed that it has opened what it calls an "in-depth investigation" of insurance and reinsurance broker Aon's proposed acquisition of rival Willis Towers Watson (WTW). The European Commission (EC) said it will carefully investigate the proposed acquisition and merger to establish whether the combination of ... Read the full article

WTW forecasts £30bn in bulk annuity deals for 2021

18th December 2020

Insurance broker Willis Towers Watson is anticipating roughly £30 billion in bulk annuity deals across 2021, closely matching this year’s expected total. Furthermore, WTW expects to see £25 billion in longevity swaps across next year, close to the £24 billion racked up throughout 2020. Overall, despite the challenges inflicted by the global ... Read the full article

Aon / WTW divestitures would reduce benefits of merger: KBW

16th December 2020

Following reports that regulators may investigate the merger deal between Aon and Willis Towers Watson (WTW) on anti-trust grounds, analysts at KBW have warned that any resulting divestitures could reduce the benefits of the combination. Sources at Reuters said yesterday that a full-scale review into the $30 billion Aon / ... Read the full article

EU to investigate Aon / WTW merger: reports

15th December 2020

The huge merger deal between brokers Aon and Willis Towers Watson (WTW) is set to undergo an in-depth probe by European Union (EU) regulators due to its complexity, sources have told Reuters. According to these inside sources, the $30 billion deal faces a full-scale review once the European Commission’s preliminary ... Read the full article

Insurance prices up 10% across Q3, finds WTW

7th December 2020

US commercial insurance prices grew significantly over the third quarter of 2020, according to Willis Towers Watson (WTW), with carriers reporting aggregate price changes of nearly 10%. The broker’s Commercial Lines Insurance Pricing Survey (CLIPS) found that price changes for nearly every line were consistent with the increases from the prior ... Read the full article

Life insurers seeking new solutions to build on performance: WTW

4th December 2020

New research from re/insurance broker Willis Tower Watson (WTW) reveals that life insurers are seeking new solutions in order to build on their business performance whilst boosting customer relations in an already highly competitive market. WTW surveyed 39 life insurers, including major multinationals, based in nine countries from across Europe. It showed ... Read the full article

ILS market remains resilient: WTW

3rd December 2020

Insurance and reinsurance broker, Willis Tower Watson (WTW), has released a new report that shows the insurance-linked securities (ILS) market remains resilient, despite the COVID-19 pandemic. The broker's Global Insurance-Linked Securities Market Survey Report states that 86% of ILS funds expect market growth of 5% or more cumulatively during the next ... Read the full article

Hard market conditions in US commercial to continue across 2021: WTW

20th November 2020

A report from re/insurance broker Willis Towers Watson has underlined an expectation for US commercial insurance prices to increase in every line except one throughout 2021. The insurance industry is expected to adapt to the continuing hard market by leveraging analytics and data-driven tools in order to change the way buyers ... Read the full article

WTW bolsters climate change expertise with Acclimatise acquisition

12th November 2020

Re/insurance broker Willis Towers Watson has announced the acquisition of Acclimatise, a climate change adaptation advisory and analytics services provider. Acclimatise, based in the UK with teams in France, the US and India, brings additional experience in climate adaptation to WTW following the completion of over four hundred and fifty climate ... Read the full article

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