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Willis Towers Watson news

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

UK & EU regulators wrestle for oversight of Aon / WTW merger: reports

20th October 2020

British and European Union regulators are reportedly debating which authority will have oversight of some of Europe's largest mergers ahead of a Brexit trade deal deadline in December, including the planned combination of re/insurance brokers Aon and Willis Towers Watson (WTW). A Financial Times article, citing people briefed on the issue, ... Read the full article

COVID-19 tail unclear, but we’ve much further to travel in casualty: Willis Re

16th October 2020

While insurers and reinsurers looked to book much of their pandemic losses in the second-quarter, the potential for casualty lines development could persist for years and be very significant, according to executives at reinsurance broker Willis Re. It's likely to be years before we understand the full impact of the ongoing ... Read the full article

WTW launches real estate solution on DBS platform

16th October 2020

Global re/insurance broker Willis Towers Watson has announced the launch of a Real Estate Differentiated Broking Solutions (RE DBS). This solution sits alongside WTW's existing DBS programs and will serve clients across several industries, including real estate holding and other investment offices, hotels, rooming houses, camps and other lodging places, golf courses ... Read the full article

Willis Towers Watson adds Director of Climate Transition Risk

14th October 2020

Re/insurance broker, Willis Towers Watson (WTW) has announced the appointment of Tony Rooke as Director of Climate Transition Risk in the company's Climate and Resilience Hub (CRH). Rooke brings more than 22 years of global experience in climate change, sustainability, strategy, advisory and programme delivery to the broker. With this, he ... Read the full article

No significant capital rush amid investor trepidation: Willis Re execs

12th October 2020

While it's likely that more fresh capital will look to enter the re/insurance market in light of improving market conditions, investor trepidation remains amid continued financial market uncertainty and volatility, according to executives at Willis Re, the reinsurance broking of Willis Towers Watson (WTW). "We simply don't see capital rushing in," ... Read the full article

Intl. placements by WTW’s Global Markets Hub increase to $525m in premium

1st October 2020

Global insurance and reinsurance broker, Willis Towers Watson (WTW), has revealed that overall placements in the international market via its Global Markets Hub have increased by 67% year-on-year, reaching $525 million in premium. This growth has occurred despite the unexpected business conditions created by the global COVID-19 pandemic. One of the key ... Read the full article

Willis Tower Watson reshuffles global aviation department

25th September 2020

Re/insurance broker, Willis Towers Watson has announced a number of appointments across its global aviation team in a bid to provide better renewals for clients. Despite aviation being a challenging environment at present, Willis Towers Watson has reshuffled its aviation team with 45 appointments across all levels over the past 18 ... Read the full article

Willis Re unveils new Indonesia Flood model

24th September 2020

Willis Re, the reinsurance arm of global brokerage Willis Towers Watson (WTW), has launched a new fully probabilistic Indonesia Flood model, developed in collaboration with the Willis Research Network (WRN) and the National University of Singapore (NUS) Tropical Marine Science Institute (TMSI). Willis Re's new Indonesia Flood model provides a comprehensive ... Read the full article

Industry will “rise to the challenge” of new FCA measures, says WTW

22nd September 2020

Re/insurance broker Willis Towers Watson (WTW) has said it is confident the industry will “rise to the challenge” of the new measures proposed by the Financial Conduct Authority (FCA), which aim to tackle unfair insurance prices for renewing customers. The main proposal put forward by the UK regulator will require ... Read the full article

Combined Aon / WTW to foster a new standard of client leadership & innovation

17th September 2020

The "once-in-a-generation" combination of global insurance and reinsurance brokers, Aon and Willis Towers Watson (WTW), will deliver distinctive client insight, advanced analytical capabilities, and superior outcomes, according to Greg Case, Chief Executive Officer (CEO) of Aon and John Haley, CEO of WTW. Following weeks of speculation, Aon confirmed back in ... Read the full article

Global reinsurers COVID-19 asset-side hit “completely neutralized”, says WTW

14th September 2020

Analysis by insurance and reinsurance broker, Willis Towers Watson (WTW), reveals that the recovery in investment markets has "completely neutralized the asset-side hit" to the capital positions of global reinsurance companies. After some significant disruption and volatility within financial markets as a result of the COVID-19 pandemic, the capital positions of ... Read the full article

WTW and the University of Oxford collaborate on cyber risk research

10th September 2020

Global insurance and reinsurance broker, Willis Towers Watson (WTW), has partnered with the University of Oxford to develop research exploring three key areas of cyber security risk. Specifically, Willis Research Network is set to engage with the University to examine increases in systemic risks; the nature of cyberattack resilience; and, the ... Read the full article

US commercial insurance prices up almost 10% in Q2: WTW

9th September 2020

US commercial insurance prices increased by almost 10% during the second quarter of 2020, according to a new survey by re/insurance broker Willis Towers Watson (WTW). WTW’s Commercial Lines Insurance Pricing Survey (CLIPS) found that rates had increased substantially during Q2, when compared with the same period in 2019. Excess/umbrella and directors’ ... Read the full article

Re/insurers looking for “less risky” insurtech investments: Willis Re’s Andrew Johnston

8th September 2020

Re/insurers are looking for insurtech investment opportunities that represent less of a ‘risk’, in that they have a proven track record and are more likely to be successful. In a recent conversation between Reinsurance News and Dr Andrew Johnston, global head of insurtech at Willis Re, it was explained how it ... Read the full article

Aon & WTW obtain shareholder approval ahead of combination

27th August 2020

The respective shareholders of global insurance and reinsurance brokers, Aon and Willis Towers Watson (WTW), have voted FOR all proposals surrounding the combination of the two companies. The shareholders of both brokers confirmed their approval of the proposed combination at their respective extraordinary general meetings and at the special meeting of ... Read the full article

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