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Willis Towers Watson

Trustees wary of defined benefit pension consolidation: Willis Towers Watson

24th July 2018

Over a third of pension scheme trustees believe consolidating defined benefit (DB) pensions into a pension ‘super fund’ would appeal to corporate sponsors, but only a quarter would feel comfortable judging whether such a move would make sense, according to Willis Towers Watson. This kind of DB consolidation would allow employers ... Read the full article

Willis Towers Watson strengthens Facultative team in France

23rd July 2018

Willis Towers Watson (WTW) has announced that it has reinforced its existing Facultative (Fac) Reinsurance business in France by establishing an independent and dedicated team of three specialists based in Paris. The new Fac team will operate under the Gras Savoye Facultative brand as part of WTW's Global Fac business, and ... Read the full article

Willis extends CEO John Haley’s contract to 2021

19th July 2018

Global re/insurance broker Willis Towers Watson has extended the contract of its long-serving Chief Executive Officer (CEO), John Haley, until January 1, 2021. “We are pleased to retain John Haley’s leadership as CEO of Willis Towers Watson,” said James McCann, chairman of the Board, Willis Towers Watson. “Over the last several years, ... Read the full article

Willis launches CyCon, a new cyber solution for the construction industry

13th July 2018

Re/insurance broker Willis Towers Watson has announced the launch of its CyCon cyber insurance solution, having concluding that cyber attacks and the failure of IT systems rank among the top risks facing the construction industry. While the construction sector has continued to embrace and integrate more sophisticated technologies for project design, ... Read the full article

Willis partners with MAR Fund on parametric reef insurance project

12th July 2018

Global re/insurance broker Willis Towers Watson has announced a partnership with the Mesoamerican Reef Fund to develop and implement an insurance model for reefs across seven sites in the four countries of the MAR Region: Mexico, Belize, Guatemala and Honduras. Through its Global Ecosystem Resilience Facility, Willis plans to develop parametric reef ... Read the full article

Reinsurance increasingly used for earnings protection and volatility reduction: Willis

9th July 2018

According to a survey by global insurance and reinsurance broker, Willis Towers Watson, insurers are increasingly leveraging reinsurance for earnings protection and volatility reduction. Driven by pressure from investors, the survey indicates that insurers are becoming less tolerant of missed earnings targets. Subsequently, they are moving to more sophisticated metrics, such ... Read the full article

Willis appoints Jeremy Wall as Head of Global FINEX

5th July 2018

Global re/insurance broker Willis Towers Watson (WTW) has announced the appointment of Jeremy Wall as Head of Global FINEX. FINEX is part of WTW’s Corporate Risk and Broking division, and acts as the broker’s financial, executive and professional risk specialty group. “I am delighted to be able to appoint Jeremy as Head ... Read the full article

Willis Towers Watson CEO eyes new deals

25th June 2018

Willis Towers Watson's Chief Executive Officer (CEO), John Haley, has told the Financial Times he is considering taking on new deals, three years after an $18 billion merger created the Company. It was in 2015 that Willis merged with Towers Watson and came shortly after Willis had purchased French broker Gras ... Read the full article

Willis Towers Watson announces £85mn pension scheme buy-in deal

21st June 2018

Willis Towers Watson has announced a two-tranche, £85 million buy-in deal for the Aliaxis UK Defined Benefit Pension Scheme by London-headquartered Just Group. Willis Towers Watson advised the Trustees of Aliaxis UK on the buy-in transaction structured across two tranches of pensions in payment. The initial tranche, worth approximately £35 million, was ... Read the full article

U.S commercial insurance prices see slight increase at Q1 2018: Willis Towers Watson

13th June 2018

Commercial insurance prices in the U.S saw modest growth in the first quarter of 2018, with increases exceeding 1% for the first time in nearly three years, according to broking and solutions company Willis Towers Watson. The company’s Commercial Lines Insurance Pricing Survey (CLIPS) compared prices charged on policies written during ... Read the full article

Willis Towers Watson’s Asia Pacific practice secures accreditation

6th June 2018

Global re/insurance broker Willis Towers Watson (WTW) has secured accreditation under the Quality Assurance Scheme (QAS) by the Institute and Faculty of Actuaries (IFoA) for its Insurance Consulting and Technology (ICT) business in Hong Kong, Singapore, Malaysia and Indonesia. Accreditation by the IFoA bolsters ICT’s reputation and ensures the company provides ... Read the full article

Willis praises revolutionary Insurwave blockchain platform

5th June 2018

Insurance and reinsurance broker Willis Towers Watson has described the recently launched Insurwave, a blockchain platform to support marine hull insurance, as a "game changer", urging carriers and brokers to adopt the technology. In May 2018, EY, Guardtime, A.P. Møller-Maersk, Microsoft, Willis Towers Watson, XL Catlin, MS Amlin and ACORD announced that members of ... Read the full article

Willis Towers Watson the majority investor in insurtech Innovisk Capital Partners

1st June 2018

Innovisk Capital Partners, a new global InsurTech start-up that aims to address both the current and future fundamental changes in the insurance sector has been established, with insurance and reinsurance broker Willis Towers Watson as the majority investor. The new InsurTech partnership has been launched with technology, data and modelling core ... Read the full article

Willis Towers Watson names head of Consulting and Technology for Asia Pacific

30th May 2018

Willis Towers Watson has named Ken Brown as Leader of its Insurance Consulting and Technology (ICT) business in Asia Pacific, and has appointed Oi San Choo to replace Brown as Divisional Leader for ICT South Asia and Emerging Markets. Both will be based in Singapore. Brown has over 30 years’ industry ... Read the full article

InsurTech investment deals reach record high: Willis Towers Watson

23rd May 2018

InsurTech investments have continued to grow, with a record-breaking 66 investment deals worth a total of $724 million recorded during the first quarter of 2018, according to the latest quarterly report from re/insurance broker Willis Towers Watson and CB Insights. Q1 2018 investment volume was only 16% greater than the $624 ... Read the full article

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