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

WTW names Ted Hodgkinson Leader of Hong Kong and Macau

23rd November 2021

Ted Hodgkinson, Head of Corporate Risk and Broking in Hong Kong and Macau at insurance and reinsurance broker Willis Towers Watson (WTW), has assumed the additional role as Leader of Hong Kong and Macau. Hodgkinson has served as interim Leader since October and formally takes over the helm from Roger Steel, ... Read the full article

Premium growth strong for re/insurers in 2021: Willis Re

23rd November 2021

A group of re/insurers tracked by Willis Re reported improved combined ratios through the first nine months of the year despite elevated catastrophe losses in the third quarter, while half the cohort achieved double-digit growth in premiums. A recent report by Willis Re, which explores the 9M 2021 performance of the ... Read the full article

UK competition authority clears Gallagher acquisition of Willis Re

22nd November 2021

The UK’s Competition and Markets Authority (CMA) said this morning that it has ended its investigation into and cleared Arthur J. Gallagher & Co's (Gallagher) planned acquisition of the Willis Re treaty reinsurance business. The investigation has been ended as the CMA has decided now further action is required and said ... Read the full article

Industry uncertainty throws doubt over future of mega-M&A

18th November 2021

Despite having become an increasingly common feature of the insurance and reinsurance landscape in recent years, the industry's perception of mega-M&A moving forward appears to be one categorised by uncertainty; influenced by an awareness of heightened competition and anti-trust concerns. The results of our H2 2021 Reinsurance Market Survey, held ... Read the full article

WTW adds four to Board as succession process continues

18th November 2021

International insurance and reinsurance broker, Willis Towers Watson (WTW), has announced that Inga Beale, Fumbi Chima, Michael Hammond, and Michelle Swanback will all join its Board of Directors in 2022. These additions to its Board follow on from WTW's announcement in August that Carl Hess will succeed John Haley as ... Read the full article

Risk transfer is at the heart of low carbon transition: Rowan Douglas, WTW

17th November 2021

The global risk transfer industry will prove vital in how society is going to manage and orchestrate an orderly transition to a low carbon economy, according to Rowan Douglas, Head of the Climate and Resilience Hub at Willis Towers Watson (WTW), and Chairman of Willis Research Network. Reinsurance News spoke recently ... Read the full article

WTW predicts further stability for NA commercial Insurance in 2022

17th November 2021

Broking giant Willis Towers Watson has predicted further stability for North American commercial insurance moving into 2022, thanks to strong capital returns and growing rate adequacy confidence. The broking giant welcomed this in its report, considering it evidence of a segment breaking free from the steep and relentless cycles which had ... Read the full article

Willis Towers Watson to acquire Israeli broker Leaderim

16th November 2021

Willis Towers Watson (WTW) has announced plans to acquire Leaderim, an insurance broking and risk consultancy business in Israel. Leaderim maintains a team of 45 experts and offers a range of commercial insurance solutions to the Israeli market. The business was established over 20 years ago and has experience in multinational risk ... Read the full article

Willis Towers Watson names Aon’s Hugo Wegbrans as Global Head of Broking

15th November 2021

Global insurance and reinsurance broker, Willis Towers Watson (WTW), has hired Hugo Wegbrans from rival broker Aon as its new Global Head of Broking and Broking Strategy. Effective early next year, Wegbrans will join the company's Risk and Broking business operation. He joins from Aon, where he most recently served as Leader ... Read the full article

WTW enters APAC broking partnership with Indeez

12th November 2021

Willis Towers Watson (WTW) and European insurtech, Indeez, have entered a broking partnership to distribute insurance products for independent workers working with digital platforms in Asia Pacific (APAC) region. Through this partnership, Indeez will leverage the local market network and relationships of WTW in APAC to build tailored protection and benefits ... Read the full article

Willis Towers Watson names Michael Brown as Head of New Zealand

3rd November 2021

Global insurance and reinsurance brokerage, Willis Towers Watson (WTW), has announced that interim country leader for New Zealand, Michael Brown, has been appointed as head of the region on a permanent basis. Brown has served as interim country leader since May of this year, having been with WTW for more than ... Read the full article

WTW to acquire 100% of Indian business following regulatory shift

1st November 2021

Recent regulatory changes have prompted global re/insurance broker Willis Towers Watson to acquire the remaining 51% shares of its business in India. The group currently owns 49% of the company and will be purchasing its remaining shares from Anemone Holdings Private Ltd and WTW India's head, Rohit Jain. As one of the ... Read the full article

Willis Towers Watson reports organic revenue growth of 7% in Q3

28th October 2021

Global insurance and reinsurance broker, Willis Towers Watson (WTW), has announced a 4%, or 7% on an organic basis rise in revenue to $1.97 billion for the third quarter of 2021, as net income improved year-on-year by a huge 646% to $903 million. For the first nine months of the year, ... Read the full article

WTW names Chuck Shay as Risk & Broking Leader for West Region

27th October 2021

Re/insurance broker Willis Towers Watson (WTW) has announced that Chuck Shay has been appointed as Head of Risk & Broking for the Western region of North America. Shay is an industry veteran with over 25 years experience who previously led the WTW FINEX practice in both the Midwest and West regions. Prior ... Read the full article

Insurtech set for record-breaking 2021 as investment tops $10.5bn, reports WTW

27th October 2021

2021 has now overseen a record-breaking $10.5 billion in insurtech investment raised during the first three quarters, according to a Willis Towers Watson (WTW) report. In fact, a further $12 million will ensure 2021 equals the amount of capital invested during the entirety of 2018 and 2019 combined. WTW’s report states that ... Read the full article

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