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Willis Towers Watson

Downstream energy sector sees first major capacity decrease since 2001: WTW

5th April 2019

The downstream energy sector experienced its first significant decrease in underwriting capacity since 2001, according to a new energy market report by broker Willis Towers Watson. Downstream capacity fell from $6.8 billion to $6.2 billion in the first major market turn since the aftermath of 9/11, WTW analysts said. They attributed the ... Read the full article

Eleonora Geamanu named Head of Willis Towers Watson in Romania

2nd April 2019

Global insurance and reinsurance broker Willis Towers Watson (WTW) has appointed Eleonora Geamanu as Head of WTW in Romania. Based in Bucharest, she will take responsibility for driving revenue growth and meeting clients' needs across the Romania marketplace, for a broad set of business lines. She joined WTW in 2007 and has ... Read the full article

WTW announces $1.2bn acquisition of TRANZACT

1st April 2019

Global re/insurance brokerage Willis Towers Watson (WTW) has announced its acquisition of TRANZACT, a direct-to-consumer healthcare organisation, for $1.2 billion. WTW hopes the deal will accelerate its direct-to-consumer strategy and ability to target the 50 million strong Medicare market. TRANZACT will operate as an integral part of WTW’s Benefits Delivery and Administration ... Read the full article

Strong capitalisation underpins rational pricing approach at April 1: Willis Re

1st April 2019

Willis Re, the reinsurance arm of global insurance and reinsurance broker Willis Towers Watson, has noted that reinsurers adopted a rational pricing approach at the April 1st renewals, underpinned by high levels of market capitalisation from both traditional and alternative sources. The reinsurance broker's latest 1st View report examines the April ... Read the full article

Willis Re appoints new Head of London Market Reinsurance Claims

25th March 2019

Willis Re, the global reinsurance arm of broker Willis Towers Watson (WTW), has appointed claims veteran Steve Robson as Head of London Market Reinsurance Claims, effective today. Robson has 36 years of experience in the sector, and brings extensive client-side experience to the role, supporting the closer alignment of the servicing ... Read the full article

Loss hit P&C insurance rates in Asia to increase by at least 10% in 2019: WTW

20th March 2019

Willis Towers Watson (WTW), the global insurance and reinsurance brokerage, expects large catastrophe loss-affected property and casualty (P&C) insurance rates in Asia to increase by at least 10% through 2019. The international broker has released its 2019 Asia insurance market report, which includes key insurance rate predictions for the current year. Looking ... Read the full article

Re/insurers must rethink approach to tougher Asian market, says WTW

18th March 2019

Global insurance and reinsurance broker Willis Towers Watson (WTW) has underlined challenges for insurers in Asia, warning that the dominance of large and complex risks in the Asian commercial insurance segment is revealing that current business models are unsustainable. 2018 was an active year for catastrophe activity across Asia, with numerous ... Read the full article

David Ripton joins WTW to lead Broking, Global Marine, CRB

15th March 2019

Global insurance and reinsurance broker, Willis Towers Watson (WTW), has announced the appointment of David Ripton as Head of Broking, Global Marine in its Corporate Risk and Broking (CRB) unit. Ripton joins the firm from rival brokerage Marsh, where since 2014 he held the position of Chief Executive Officer (CEO) for ... Read the full article

Willis Towers Watson names Head of Power and Utilities for CEEMEA region

14th March 2019

Global insurance and reinsurance broker Willis Towers Watson (WTW) has appointed Mark Hiles as Head of Power and Utilities for the Central and Eastern Europe, Middle East and Africa (CEEMEA) region. Hiles will be responsible for developing client solutions and driving business growth in the power and utilities sectors across the ... Read the full article

U.S commercial insurance prices continue to rise in Q418, finds WTW

11th March 2019

A survey conducted by global re/insurance brokerage Willis Towers Watson (WTW) has found that U.S commercial insurance prices rose by just under 2% during the fourth quarter of 2018. WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS) compared prices charged on policies underwritten in Q418 to those charged for the same ... Read the full article

Chubb confirmed as lead insurer for Ethiopian Airlines crash, WTW as broker

11th March 2019

Reports have confirmed that Chubb was the lead underwriter on the account for the Ethiopian Airlines jet that crashed on 10 March, while Willis Towers Watson (WTW) acted as the insurance broker. A WTW spokeswoman revealed today that Chubb and WTW would be liable for losses resulting from the crash, which ... Read the full article

Willis Towers Watson announces senior appointments to NA division

7th March 2019

Global insurance and reinsurance broker Willis Towers Watson (WTW) has announced the appointments of Linde Hotchkiss, Nicole Johnson and George Haitsch to senior positions for its Western region in North America (NA). Hotchkiss will lead WTW’s Regional Large Account strategy for the West, based in San Diego, CA. She will be responsible ... Read the full article

Aon does not intend to pursue Willis Towers Watson deal

6th March 2019

Re/insurance brokerage Aon has now confirmed that it does not intend to pursue a deal to acquire rival broker Willis Towers Watson (WTW). Media reports emerged yesterday claiming that Aon was in early discussions with WTW about a potential acquisition. Aon then confirmed then it was in the early ... Read the full article

WTW partners with InsurTech massUP

6th March 2019

Global re/insurance broker Willis Towers Watson (WTW) has partnered with German InsurTech massUP with the aim of developing new insurance products and solutions. The strategic partnership, which is hoped will also enable the integration of technological processes and includes joint international distribution, follows existing collaboration efforts between massUp and Willis Re, ... Read the full article

Aon confirms consideration to acquire Willis Towers Watson

6th March 2019

Insurance and reinsurance broker Aon has confirmed that it is in the initial stages of considering an offer to acquire Willis Towers Watson (WTW). Reports emerged yesterday that Aon had held preliminary talks with WTW over a potential deal that would see the combination of two of the world's largest ... Read the full article

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