Reinsurance News
22nd August 2017
Global insurance and reinsurance broker, Willis Towers Watson, has named Ken Smith Corporate Risk and Broking (CRB) market leader for the firm's Metro D.C./ Chesapeake market. Smith joins the firm from Marsh USA, where he was most recently leader of the company's Cincinnati, Columbus and Louisville business, and where he held a number of ... Read the full article
21st August 2017
Global advisory, insurance and reinsurance broking specialist Willis Towers Watson has named Michael “Mike” J. Burwell as its new Chief Financial Officer, to replace the outgoing Roger Millay who retires on October 2nd 2017. Burwell has 31 years of finance and professional services experience gained at PwC, holding a number of ... Read the full article
17th August 2017
Casualty catastrophe reinsurers could be hit with higher claims costs as legislation for software and app manufacturers evolves to shift the focus onto consumer contractual protections in coming years. Willis Towers Watson's Pete Thomas, Reinsurance and risk management expert, warned of the potential impact to reinsurers of expected upcoming legislative changes ... Read the full article
9th August 2017
Willis Towers Watson has named Fabien Conderanne as new Deputy Head of Asia-Pacific Financial Solutions, as the firm continues to strengthen its financial services capabilities across the region. Fabien will begin his Singapore based role, which was created as a new position, on 1 August 2017, and will report to Stuart ... Read the full article
8th August 2017
Global insurance and reinsurance broker, Willis Towers Watson, has announced the appointment of Susan Lane as director, consulting and development for North America and senior captive consultant, based in Bermuda. Lane was previously the co-Chief Executive Officer (CEO) of Tokio Solution Management, and her new role sees her form part of Willis' ... Read the full article
24th July 2017
Willis Towers Watson has released its second quarterly InsurTech Briefing, revealing a stark increase of 248%, or nearly $1 billion in InsurTech investment from the first quarter and pointing to insurance claims management streamlining as the biggest opportunity for reinsurers. The 2017 second quarter (Q2) was characterised by a record number of transactions ... Read the full article
13th July 2017
Global insurance and reinsurance broker, Willis Towers Watson, has hired Stephanie Pariot as a Divisional Director within its Financial Solutions Division, which is part of the firm's Global Financial Lines and Corporate Risk and Broking unit. Pariot joins Willis Towers Watson with more than a decade of investment banking experience, having ... Read the full article
10th July 2017
Willis Towers Watson has acquired a 49% stake in Indian composite insurance broker Almondz, the joint venture will combine Willis' global network and expertise with Almondz' local reach and clientele. Almondz serves clients across a broad range of industries and sectors with nine offices throughout the country and over 300 associates. Almondz ... Read the full article
10th July 2017
Global insurance and reinsurance brokerage, Willis Towers Watson (WTW), has named James Jackson Head of FINEX Financial Institutions (FI) for Great Britain (GB), succeeding Dr. Paul Search. WTW's FINEX business is part of its Corporate Risk and Broking division, and acts as the broker's financial, executive and professional risk specialty group. Jackson ... Read the full article
4th July 2017
While InsurTech expands data volume through providing a personalised link to clients, Artificial Intelligence will amplify the value of data sets by extracting more information, generating insights, and analysing and recognising patterns far beyond the capabilities of human intelligence. The use of InsurTech coupled with Artificial Intelligence is reshaping the meaning and ... Read the full article
30th June 2017
Reinsurance broker Willis Re, part of the Willis Towers Watson group, has appointed Brian Ingle to be the new head of Analytics for the Willis Re North America division. The appointment comes as a result of the appointment of previous analytics head Alice Underwood to become global head of Willis Towers ... Read the full article
21st June 2017
Willis Towers Watson has announced the appointment of Gavin Hill as Senior Consultant of its Risk Consulting & Software business. Hill joins Willis from a role as Senior Technical Specialist at the Prudential Regulatory Authority (PRA) for the Bank of England where he played a leading role in the PRA’s supervisory team, developing extensive ... Read the full article
20th June 2017
International insurance and reinsurance brokerage Willis Towers Watson has bolstered its Corporate Risk and Broking (CRB) division in North America, with a number of new appointments. Alex Littlejohn has been named CRB West region leader, and will also serve as the CRB market leader in San Francisco. She joined the firm ... Read the full article
16th June 2017
Willis Towers Watson reinsurance risk management specialist, Pete Thomas, has cautioned reinsurers to review casualty catastrophe treaties in light of administration changes. He said experience has proven that when big changes are evident in society, they have a significant knock-on effect on how effective and comprehensive coverage against political and social risk, ... Read the full article
16th June 2017
The so-called human element of the cyber equation, employees' understanding of cyber risk, was ranked by 79% of U.S. employees as the biggest barrier to firms' cyber risk management in a recent Willis Towers Watson survey. The survey revealed a massive disparity between firms' beliefs about their level of protection, and ... Read the full article
