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

Commercial rates increase through Q2 but pace slows: WTW

16th September 2021

A new survey from Willis Towers Watson (WTW) shows that US commercial insurance prices grew again through the second quarter of 2021, although at a slower pace than in previous quarters. The broker’s Q2 Commercial Lines Insurance Pricing Survey (CLIPS) found that the aggregate commercial price change reported by carriers was ... Read the full article

WTW, Applied Systems target real-time pricing enhancements

13th September 2021

Global reinsurance broker Willis Towers Watson is working with Applied Systems on a programme aiming to assist insurers and MGAs in developing their rates, underwriting rules and adjustments, and then deploying them directly to the market in real time. As part of the arrangement, Applied has expanded its Rating Hub functionality ... Read the full article

WTW outlines Investor Day strategy

10th September 2021

Re/insurance broker Willis Towers Watson (WTW) has outlined its strategy to drive long-term growth and value creation for shareholders at its Investor Day. The broker plans to focus on core opportunities with the highest growth and return, including gaining market share in Risk and Broking and Individual Marketplace, along with innovating ... Read the full article

WTW sells Innovisk stake to equity funds BHMS and Abry

9th September 2021

Innovisk Capital Partners has announced that BHMS Investments and Abry Partners have signed an agreement to acquire a majority ownership position in the business from Willis Towers Watson (WTW). Established in 2017, Innovisk seeds, develops and grows MGAs using data and analytics to aid product development and pricing, as well as ... Read the full article

WTW and LSM align capacity to support Climate Transition Pathway

3rd September 2021

Willis Towers Watson has announced that Liberty Specialty Markets has aligned capacity to support the Climate Transition Pathway (CTP) solution. The CTP is an accreditation framework that provides insurance companies and financial institutions with a consistent approach to identifying businesses with robust low carbon transition plans aligned to the Paris Agreement. This ... Read the full article

WTW reveals new global leadership team

31st August 2021

Global re/insurance broker Willis Towers Watson has unveiled a new global leadership team as the company looks to ensure future growth. “The leaders named today are highly accomplished and embody the true spirit of one Willis Towers Watson,” said John Haley, Chief Executive Officer. “This Global Leadership Team consists of voices across ... Read the full article

WTW hires Andrew Krasner as CFO

31st August 2021

Willis Towers Watson has appointed Andrew Krasner as its new Chief Financial Officer (CFO). Krasner returns to Willis Towers Watson after driving financial strategy and performance as the CFO of AssuredPartners. He succeeds Michael Burwell in this role, who will be taking on a senior role in the medical and data analytics ... Read the full article

WTW agrees to acquire Leaderim

27th August 2021

Willis Towers Watson has entered into an initial, non-binding agreement to acquire Leaderim, an insurance broking and consultancy business in Israel. Leaderim offers a broad range of commercial insurance solutions to the Israeli market and has significant experience in creating multinational risk programs, reflecting the large concentration of global companies operating ... Read the full article

Favourable pricing boosts re/insurers in H1 2021: Willis Re

24th August 2021

Favourable pricing for commercial lines business, coupled with rate rises for reinsurance and retail insurance supported premium growth for insurers and reinsurers in the first half of 2021, as underwriting results improved significantly for some, reports broker Willis Re. A recent report by the reinsurance broking arm of Willis Towers Watson ... Read the full article

WTW promotes Kate Mead as Head of Canadian Property & Casualty Broking

20th August 2021

Willis Towers Watson has appointed Kate Mead as its new Head of its Canadian Property & Casualty Broking Team. Previously the company's Practice Leader for the Midwest, Northeast US & Canadian Environmental business, Mead’s focus will be on strengthening both client and insurer relationships in Canada. She will also be expected to ... Read the full article

Tech altering the risk reality for companies post-COVID: WTW

20th August 2021

A new report from re/insurance broker Willis Towers Watson (WTW) has highlighted how emerging technologies are rapidly altering the risk reality for companies across most industries in the wake of the COVID-19 pandemic. The report, which explores how the pandemic has impact the risk landscape for the Technology Media and Telecoms ... Read the full article

WTW promotes Kirsten Beasley to lead Bermuda office

18th August 2021

Global insurance and reinsurance broker, Willis Towers Watson (WTW), has appointed Kirsten Beasley to lead its Bermuda office. Beasley has been WTW’s head of healthcare broking, North America, since 2018 and will now lead a team of 26 in Bermuda. She will focus on Bermuda placements in casualty, property, financial lines, and ... Read the full article

Willis Towers Watson announces Carl Hess as John Haley’s successor

16th August 2021

Global insurance and reinsurance broker, Willis Towers Watson (WTW), has announced that Carl Hess will succeed John Haley as its President and Chief Executive Officer (CEO). Hess, who currently serves as WTW's Head of Investment, Risk and Reinsurance, takes on the role of President immediately, and will succeed Haley as CEO ... Read the full article

CEO Case says Aon has emerged stronger from failed WTW merger: report

16th August 2021

As global insurance and reinsurance broker Aon looks forward after its failed merger with rival Willis Towers Watson (WTW), Chief Executive Officer (CEO) Greg Case has told the Financial Times that the firm has emerged stronger. Aon and WTW decided to terminate their proposed $30 billion combination last month after ... Read the full article

Gallagher to acquire Willis Re’s treaty reinsurance operations

13th August 2021

Arthur J. Gallagher & Co. has announced that it will be acquiring all of Willis Re's treaty reinsurance brokerage operations for an initial gross consideration of $3.25 billion; a figure which could rise by another $750 million dependent on certain third-year revenue targets. After seeing its proposed acquisition of Willis ... Read the full article

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