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Reinsurance News

Willis Towers Watson

Willis Towers Watson partners with IBM Security on cyber services

17th April 2018

Willis Towers Watson has announced that it plans to enhance its global cybersecurity risk advisory services by integrating IBM Security’s suite of cyber features. Insurance and reinsurance broker Willis believes the collaboration will allow its clients to more holistically assess cyber threats, which will facilitate more effective risk transfer and overall ... Read the full article

Commercial property rate increases ease following sharp rises: Willis

16th April 2018

Insurance and reinsurance broker Willis Towers Watson has reported that rate increases for commercial property re/insurance are easing after sharp rises in response to 2017’s record-breaking natural catastrophe losses, although it predicts that buyers will continue to face upward pricing pressure over 2018. In its 2018 Insurance Marketplace Realities report, the ... Read the full article

Asian InsurTech M&A tripled in 2017: Willis Towers Watson

10th April 2018

Global re/insurance broker Willis Towers Watson has reported that the total transaction volume of InsurTech mergers and acquisitions (M&As) in Asia hit US $460 million over 2017, a figure over three times greater than the one recorded over 2016. In its fourth Quarterly InsurTech Briefing, Willis Towers Watson attributed the surge ... Read the full article

Downstream energy sector suffers worst loss in ten years: Willis Towers Watson

5th April 2018

In its Energy Market Review 2018, Willis Towers Watson reported that last year the downstream energy sector suffered its worst loss record for almost a decade, although it maintains the broader energy insurance market remains stable due to the abundant availability of re/insurance capital. The Downstream energy sector suffered losses of ... Read the full article

WTW expands Head of Corporate Risk & Broking Asia’s role to include Australasia

26th March 2018

Willis Towers Watson (WTW) has expanded Simon Weaver's current role as Head of Corporate Risk and Broking (CRB) for Asia to include operations in Australia and New Zealand. In what is a newly-created, expanded role, Weaver will head up CRB’s growth across Asia Pacific by coordinating Willis Towers Watson’s global CRB ... Read the full article

U.S. commercial insurance prices show modest increase in Q4: Willis

13th March 2018

A survey by Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS) has revealed a slight increase in U.S commercial insurance prices in the fourth quarter of 2017, compared with the previous year. The survey found that price changes continued to average less than 1% for the 10th consecutive quarter, following ... Read the full article

Willis Towers Watson appoints Paul Bailie to lead Bermuda captive business

12th March 2018

Insurance and reinsurance broker Willis Towers Watson has announced the appointment of Paul Bailie as head of its Bermuda Captive practice, set to lead business development and delivery of the company’s value proposition and provide strategic guidance to Bermuda captive and insurance management clients. Bailie will report to Paul Owens, managing ... Read the full article

Willis launches re/insurance industry’s first Global Ecosystem Resilience Facility

9th March 2018

Willis Towers Watson has launched its newly developed Global Ecosystem Resilience Facility (GERF), the first global insurance facility to support the resilience of ecosystems with innovative finance and risk management solutions. Launched by Chief Executive Officer (CEO) John Haley at the Economist’s World Ocean Summit in Mexico, the GERF will provide ... Read the full article

Willis Towers Watson appoints Belgium Corporate Risk & Broking Head

8th March 2018

Willis Towers Watson has named Edward Bonsel as Head of Corporate Risk & Broking (CRB) in the firm's Belgium branch. In his new role Bonsel will be in charge of all CRB activities in Belgium with a focus on contributing to industry-specific insights that support the CRB Business in Belgium in ... Read the full article

Willis Towers Watson launches cyber solution for aviation industry

27th February 2018

Willis Towers Watson has launched a tailored cyber insurance solution for the general aviation industry, Willis Towers Watson Aerospace Cyber Guard. The product is available to North American-based general aviation companies, including charter operators, tour operators, flying clubs, flight schools, fixed-based operators, maintenance repair operators, small aviation-related manufacturing and fleet management ... Read the full article

UK insurers seek to improve portfolio quality following challenging renewals

26th February 2018

Although the UK insurance market place remains strongly capitalised, insurers are seeking to improve the overall quality and risk-adequacy of their portfolio in an environment where rate increases following record losses in 2017 often failed to materialise as expected beyond loss-affected lines, according to Willis' 2018 market place realities report. Clyde ... Read the full article

Asia to be a driver of InsurTech and re/insurance growth: Willis Towers Watson

23rd February 2018

As one of the largest underdeveloped re/insurance markets globally Asia remains a key growth region with demand forecast to grow as natural catastrophes become more frequent and intense. Willis Towers Watson’s second annual Asia Insurance Market report highlighted the potential for Asia to become an InsurTech hub and drive global re/insurance ... Read the full article

Willis appoints Dominique Lebel to head up Americas ICT Life unit

16th February 2018

Willis Towers Watson has announced the appointment of Dominique Lebel to lead its Insurance Consulting and Technology (ICT) Life business for the Americas, effective from March 1st, 2018. In his new role, Lebel will head up the company’s consulting services and software solutions for life insurers in the Americas and will ... Read the full article

U.S. property insurers’ hopes for double-digit rate hikes dampened: Willis

15th February 2018

U.S. property insurers' hopes for double-digit rate hikes on catastrophe-exposed insurance programmes following 2017’s record natural catastrophe-related losses could be dampened, as an abundance of both traditional and alternative capital continues to flood the market and weaken the potential for widespread market firming, according to Willis Towers Watson. In a U.S. property ... Read the full article

Willis Towers Watson names Tim Rees as new cyber leader

5th February 2018

Willis Towers Watson has expanded its UK cyber unit with the appointment of Tim Rees as Client Engagement and Strategy Leader for the UK Cyber Risk Solutions business. Based in London and reporting to Anthony Dagostino, Global Head of Cyber Risk, Rees will be responsible for developing the firm's integrated approach ... Read the full article

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