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Willis Towers Watson news

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

Aon & WTW disclose more on combination to fend off legal challenges

4th August 2020

In an effort to ward off legal challenges delaying Aon's combination with Willis Towers Watson (WTW), the global re/insurance broker has disclosed some additional details associated with the deal. After weeks of speculation, Aon confirmed in March of this year that it will combine with rival broker WTW through a ... Read the full article

WTW appoints Wise Xu as country leader for China

3rd August 2020

Global re/insurance broker WTW has appointed Wise Xu as country leader for China, effective September 1. Wise, who will retain his current position as head of corporate risk and broking in China, takes over from Smilla Yuan, who is set to leave the company towards the end of August. Based in Beijing, ... Read the full article

Aon sees Willis Re as complementary, divestiture unnecessary: Execs

31st July 2020

Aon's senior leadership, including CEO Greg Case, explained today during a quarterly earnings call that the company isn't expecting to need to divest significantly, as it combines with Willis Towers Watson (WTW) when the acquisition is realised. Case, the Chief Executive Officer of insurance and reinsurance broker powerhouse Aon, said before ... Read the full article

WTW increases revenue, grows reinsurance business

30th July 2020

Re/insurance broker Willis Towers Watson (WTW) has increased its overall revenue by 3% during the second quarter of 2020, helped by organic growth and favourable renewal factors for its reinsurance business. Revenue was reported at $2.11 billion for Q2 2020, compared with $2.05 billion for the same period last year. Looking at ... Read the full article

Global insurtech investment rebounds 71% to $1.5bn in Q2: WTW

28th July 2020

Global Insurtech investment hit $1.56 billion during the second quarter of 2020, an increase of 71% compared to Q1, according to Willis Towers Watson. 2020's first quarter was heavily influenced by the uncertainty surrounding COVID-19. WTW says the increase in Q2 was driven in part by later-stage investments, including four ‘mega-rounds’ in ... Read the full article

SSP joins Willis Towers Watson’s Radar Live program

24th July 2020

Broker Willis Towers Watson (WTW) has announced it will partner with insurance software provider SSP to optimise real-time pricing and time to market for insurance companies. SSP will join WTW’s global Radar Live collaborator program, improving its ability to derive insights from various data sources and to deploy machine learning models ... Read the full article

Willis Re Securities closes €100mn cat bond for UnipolSai

22nd July 2020

Willis Re Securities, in collaboration with Willis Re, has structured and placed €100 million of insurance-linked securities for UnipolSai, the insurance arm of leading Italian financial group Unipol. Azzurro Re II Series 2020-1 settled on July 10 and provides UnipolSai with a single €100 million tranche of fully collateralised protection against ... Read the full article

MMC pulls ahead in broker rankings but Aon + WTW could take top spot

3rd July 2020

Marsh & McLennan Companies (MMC) has extended its lead in the rankings of The Top 20 Global Insurance and Reinsurance Broking Groups, although a combined Aon and Willis Towers Watson (WTW) could claim the number one spot. As shown by our directory of the Top 20 Global Insurance & ... Read the full article

Rate rises persist as replenished capital supports mid-year renewals: Willis Re

1st July 2020

Rate inadequacy continued to drive measured rate adjustments in many lines and geographies at the June and July reinsurance renewals, while primarily players were able to secure sufficient reinsurance capacity, reports Willis Re, the reinsurance broking arm of Willis Towers Watson (WTW). The reinsurance broker reports that double-digit risk-adjusted reinsurance price ... Read the full article

Willis Pension Scheme in £1bn longevity swap with reinsurer Munich Re

30th June 2020

The Willis Pension Scheme has entered into a longevity swap transaction with global reinsurance giant Munich Re, under which the reinsurer will manage the longevity risk in relation to c£1 billion of pensioner liabilities. This longevity reinsurance transaction covers roughly 3,500 Scheme members, providing long-term protection for the Scheme against additional ... Read the full article

Longevity swaps still on track for record year: Willis Towers Watson

30th June 2020

Pensions risks transactions have kept pace through lockdown, meaning 2020 is still on track to be a record year for longevity swaps, according to re/insurance broker Willis Towers Watson. Analysts believe there remains significant appetite for reinsurers to take on new longevity swaps, reflecting the expected decline in business being directed ... Read the full article

Power sector facing workforce & supply chain challenges: WTW

26th June 2020

Pressures on workforce availability and maintaining supply chains arising from COVID-19 are proving challenging to the power sector, according to re/insurance broker Willis Towers Watson (WTW). In a new report, WTW highlighted key risks such as reduced electrical demands, moratoriums on construction projects, availability of personnel and travel restrictions which are ... Read the full article

WTW adds Matt Foote as a senior director within climate and resilience hub

24th June 2020

Global re/insurance broker Willis Towers Watson has added Matt Foote as a senior director of Science & Analytics within its Climate and Resilience Hub. Based in London, Foote will focus on integrating climate information and expertise into the risk management and decision-making systems of public and private sector financial institutions. He joins from ... Read the full article

WTW and The Hartford partner on captive solution for the middle market

10th June 2020

Global re/insurance broker Willis Towers Watson (WTW) has launched a group captive solution for upper middle market companies, called the Homestead Insurance Company Incorporated Cell. The new captive solution is set to reinsure The Hartford, which in turn will issue admitted insurance policies to members selected for this group program. According to ... Read the full article

US commercial insurance prices up “significantly” in Q1 2020: WTW

9th June 2020

Insurance and reinsurance broker Willis Towers Watson (WTW) has reported that U.S. commercial insurance prices "increased significantly" in the first-quarter of 2020 when compared with the same period in 2019. Continuing the momentum witnessed in the final quarter of last year, the aggregate price change reported by U.S. carriers exceeded 6% ... Read the full article

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