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Reinsurance News

Willis Towers Watson

Willis strengthens London Political Risk & Trade Credit team

4th May 2017

Global insurance and reinsurance brokerage, Willis Towers Watson (WTW), has announced two key appointments within its London Political Risk and Trade Credit division, as it looks to expand its Financial Solutions department. Both Claire Simpson and Victoria Padfield join Willis from insurer and reinsurer Hiscox, where they held underwriting positions. Simpson joined ... Read the full article

InsurTech start-ups partnering with small insurers could take the lead in digital innovation: Willis

3rd May 2017

Small insurance businesses could be the front-runners of the digital transformation revolution, with 25% of their total premium digitally underwritten by 2020, Willis Towers Watson and CB Insights said in a dual Q1 report on InsurTech industry trends. In the innovation game, small insurers could have an edge over their larger ... Read the full article

Willis Towers Watson names Bernstein to Head up GB Broking

27th April 2017

Consultancy, advisory, insurance and reinsurance broker Willis Towers Watson has named Clyde Bernstein as the new Head of Broking – GB for its Corporate Risk and Broking division. In the new role, Bernstein will report jointly to Philip Smaje, Global Head of Broking and Alastair Swift, Head of Corporate Risk & ... Read the full article

Willis names Joe Peiser Head of Broking, North America

21st April 2017

Global insurance and reinsurance broker Willis Towers Watson (WTW) has appointed Joe Peiser as Head of Broking for North America, part of the firm's Corporate Risk and Broking segment. Peiser, based in WTW's New York office, joined the broker in 2014 and has been in the insurance industry since the 1980s. ... Read the full article

Willis Towers Watson to offer airline cyber insurance solutions

7th April 2017

Willis has moved deeper into cyber risk solutions with the introduction of CyFly - an insurance product that expands business interruption cover to include a wider range of airline cyber exposure associated costs. Willis’ recent industry risk index identified failure of critical IT systems as the biggest risk facing the global aviation ... Read the full article

Willis appoints Thorsten Querfurt to Natural Resources Global Industry Leader

5th April 2017

Willis Towers Watson has appointed Thorsten Querfurt, joining from management consulting firm Oliver Wyman, as new Global Industry Leader for Natural Resources. In his new role Querfurt will oversee the firm’s Natural Resources segment expansion - including oil, gas and chemicals, metals and mining, and power and utilities (including renewable energy and ... Read the full article

Willis Towers Watson appoints new Head of Benelux

15th March 2017

Global insurance and reinsurance brokerage Willis Towers Watson (WTW) has named Bibi de Vries as its new Head of Benelux (Belgium, Netherlands, and Luxembourg), effective immediately. Succeeding Bart den Hartog, who is leaving the firm to join elipsLife in Zürich, Switzerland, de Vries will be based in Amstelveen in the Netherlands, and ... Read the full article

Flattening U.S. commercial rates could pressure reinsurance

14th March 2017

Re/insurance broker Willis released its 2016 Q4 survey results for U.S. commercial insurance recently, showing a tough market space for reinsurers as prices continue to flatten, although auto insurance provided the exception with continued pricing growth despite a saturated market. The Commercial Lines Insurance Pricing Survey (CLIPS), compared commercial lines prices from ... Read the full article

Willis Towers Watson completes OAAGC takeover

1st March 2017

International and insurance and reinsurance broker, Willis Towers Watson (WTW), has now completed the recently announced acquisition of French aviation broker, OAAGC. The transaction sees WTW acquire the book business and team of brokerage OAAGC, significantly strengthening WTW's position as an aviation broker in France, while enabling customers of OAAGC to ... Read the full article

Willis names Imran Qureshi head of its U.S. Midwest region

28th February 2017

Willis Towers Watson today announced Imran Qureshi as the new head of the broker’s U.S. Midwest region.     In his new role, Qureshi will be responsible for managing and growing the company’s business and client relationships across the Midwest, he will also be joining the North America Leadership ... Read the full article

Willis Towers Watson to acquire French aviation broker OAAGC

20th February 2017

Willis Towers Watson is set to acquire French aviation broker, OAAGC - a move that will see Willis' aviation business expand to top aviation insurance and reinsurance broker in France. The acquisition would transfer the entire OAAGC team and book of business over to Willis, and offer OAAGC clients access to Willis’s ... Read the full article

Ogden rate revision to result in huge re/insurer reserve charge: Willis

20th February 2017

Insurance and reinsurance broker Willis Towers Watson (WTW) has warned that should the proposed Ogden discount rate revision to negative 0.5% occur, reinsurers that operate in the UK motor industry would most likely face a £4.9 billion reserve charge, while the annual cost of providing motor insurance would also increase. Analysis ... Read the full article

Willis Towers Watson names Faber as Global Financial Lines leader

17th January 2017

Insurance and reinsurance broking specialists Willis Towers Watson has appointed Alexis Faber as Global Head of Financial Lines, a promotion from her current role as co-head. The unit comprises Financial and Executive Lines of insurance business, Financial Solutions and other financial products and is part of the company’s Corporate Risk & ... Read the full article

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