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Reinsurance News

Willis Towers Watson

Willis Towers Watson targets pricing fairness & transparency with Radar 4.5

6th August 2019

Insurance and reinsurance brokerage Willis Towers Watson (WTW) has released an updated version of its Radar pricing software, designed to provide insights on pricing fairness and address the growing need for transparency. Radar 4.5 is the latest version of the broker's pricing software, and WTW states that its next generation insurance ... Read the full article

Willis Towers Watson closes $1.3bn TRANZACT acquisition

2nd August 2019

Global re/insurance brokerage Willis Towers Watson (WTW) has announced the completion of its acquisition of TRANZACT, a direct-to-consumer health care organisation. First announced back in April 2019, the deal had originally been valued at $1.2 billion. However, WTW revealed in its second quarter results report that it had amended the earn-out ... Read the full article

Willis Towers Watson acquires specialist M&A broker Risk Capital Advisors

1st August 2019

Willis Towers Watson said this morning that it has acquired Risk Capital Advisors, a leading mergers & acquisitions broking specialist focused on business in Australia, New Zealand and South Africa. Adding to its specialist insurance and reinsurance broking capabilities and broadening its reach globally, has been part of the strategy for ... Read the full article

Willis Towers Watson reports 6% organic growth, jump in net income in Q2

31st July 2019

Re/insurance brokerage Willis Towers Watson (WTW) has recorded total revenue growth of 3% to more than $2 billion in the second-quarter of 2019, with net income up 138% year-on-year to $138 million. Revenue increased across all business segments for the insurance and reinsurance broker in Q2 2019 when compared with the ... Read the full article

Willis Towers Watson appoints Peter Foster to lead global cyber team

29th July 2019

Global insurance and reinsurance broker Willis Towers Watson (WTW) has announced that Peter Foster has been appointed Chairman of Global FINEX Cyber and Cyber Risk Solutions. He has been with the broker for more than 14 years and WTW says that he has been instrumental in the development of its global ... Read the full article

New InsurTech investments hit $1.4 billion in Q2: Willis Towers Watson

25th July 2019

Total new InsurTech funding commitments exceeded $1.2 billion for the fourth consecutive quarter in Q2 2019, as 69 deals with a total value of $1.41 billion were announced in the period, according to insurance and reinsurance broker, Willis Towers Watson (WTW). The broker's latest quarterly InsurTech report highlights a buoyant investment ... Read the full article

Lockton hires Dagostino from Willis Towers Watson to lead Global Cyber & Tech unit

18th July 2019

Global re/insurance brokerage Lockton has appointed cyber risk expert Anthony Dagostino as Executive Vice President (EVP), Global Cyber and Technology Practice leader. Dagostino most recently served as global head of cyber risk consulting and insurance at broker Willis Towers Watson (WTW), and brings more than 15 years of cyber risk management ... Read the full article

WTW adds Marsh trio to Financial Institutions business

18th July 2019

Global re/insurance brokerage Willis Towers Watson has announced a series of additions across its financial institutions business in Canada. All three appointees have been picked up from Marsh, will be based in Toronto and report to Allison Barrett, Global Head of FINEX FI, and John Haas, Head of Corporate Risk and ... Read the full article

Dunlap appointed Head of Construction Broking in NA, Willis Towers Watson

16th July 2019

Insurance and reinsurance broker Willis Towers Watson (WTW) has named Jim Dunlap as its new Head of Construction Broking in North America (NA), based in Chicago. In his new role, Dunlap will report to Joseph Peiser, Head of Broking North America. WTW states that Dunlap will be tasked with overseeing the ... Read the full article

Willis Towers Watson’s Smaje joins BGC Insurance as CEO, global aviation & space brokerage

1st July 2019

BGC Insurance Group, a division of BGC Partners, Inc. has named Philip Smaje as Chief Executive Officer (CEO) of its new global aviation and space re/insurance brokerage. The appointment of Smaje follows the recent addition of JLT's Marcel Chad as President of the unit and subject to regulatory approval, Smaje ... Read the full article

Willis Towers Watson responds to latest IFRS 17 proposals by IASB

27th June 2019

The risk advisory and broking firm Willis Towers Watson (WTW) has issued a response to the latest changes proposed by the International Accounting Standards Board (IASB) concerning its accounting standard IFRS 17 Insurance Contracts. The IASB’s limited scope Exposure Draft (ED), published this week, brings together a number of proposals made ... Read the full article

Willis Towers Watson develops new solution for mid-market clients

24th June 2019

Re/insurance broker Willis Towers Watson (WTW) has launched a new solution for General Industry mid-market clients as part of its Differentiated Broking Solutions (DBS) strategy. Notably, the solution features pre-agreed terms and conditions, meaning it will act almost like a facility with guaranteed capacity at guaranteed rates for WTW’s clients. WTW said ... Read the full article

WTW adds EY’s Sutcliffe to insurance consulting, tech UK life business

18th June 2019

Global re/insurance brokerage Willis Towers Watson has appointed Gareth Sutcliffe to its insurance consulting and technology (ICT) UK Life business as Head of the Insurance Investment Solutions Group (IISG). Sutcliffe, who joins from professional services firm EY having most recently served as Head of its UK Investment Advisory team, holds over ... Read the full article

US commercial insurance prices increase during the Q1 2019

11th June 2019

US commercial insurance prices have increased in the first quarter of 2019, according to global re/insurance brokerage Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported by carriers was close to 2% for all four quarters of 2018, and came in just above 2% in ... Read the full article

WTW launches new venture capital, growth board initiatives

5th June 2019

Global re/insurance brokerage Willis Towers Watson has announced the launch of two initiatives designed to spur organic and inorganic growth. WTW Strategic Ventures, the first of the two initiatives, will look to make early-stage investments in innovative companies. It’s hoped these kinds of investments will unlock new growth possibilities in relevant businesses ... Read the full article

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