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Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
Aon – WTW merger review extended by Australian regulator
26th April 2021
Having said that Aon's acquisition of Willis Towers Watson (WTW) could significantly lessen competition in the supply of commercial risk, reinsurance and employee benefits broking and advisory services in Australia, the country's competition regulator has now pushed back the end-date of its review of the deal. Back in February, the ... Read the full article
WTW predicts return to soft cycle as rates decelerate
23rd April 2021
Analysts at Willis Towers Watson (WTW) have said the cyclical nature of pricing in the re/insurance market is set to be “proven again” as prices look ready to decelerate over the coming months. A new report by the broker noted that property rate increases have not been as steep as many ... Read the full article
Aon – WTW: Remedy proposal reportedly submitted to US DOJ
22nd April 2021
It's been reported that Aon has submitted a remedy offer to the US Department of Justice Antitrust Division as it seeks to gain approval for its planned acquisition of rival Willis Towers Watson (WTW) . Earlier this week we reported on the news that an expansion of the divestment package ... Read the full article
Aon / WTW: Reports suggest expansion of divestment to the US needed
20th April 2021
As the saga surrounding the proposed combination of brokers Aon and Willis Towers Watson (WTW) continues, sources suggest that an expansion of the deals divestment package needs to include the U.S. to appease the Department of Justice (DoJ). The mega-merger of rival insurance and reinsurance brokers Aon and WTW has, unsurprisingly, ... Read the full article
Willis Towers Watson commits to net zero by 2050
19th April 2021
Re/insurance broker Willis Towers Watson (WTW) has announced a set of measures aimed at reducing carbon emissions across its business operations, with a target to deliver net zero greenhouse gas emissions by 2050. This includes an interim target for 2030, by which point WTW has committed to achieve at least a ... Read the full article
Willis Towers Watson launches Radar Workbench software
16th April 2021
Re/insurance broker Willis Towers Watson (WTW) has launched Radar Workbench, new software technology designed to support the decision-making of frontline underwriters. The product works by harnessing a range of internal and external data assets to deliver contextual analysis with the aim of improving pricing and claims reserving accuracy. With Radar Workbench, WTW ... Read the full article
Energy industry faces changes in risk landscape: WTW
15th April 2021
According to a recent report by global re/insurance broker Willis Towers Watson, the energy industry faces change in its risk landscape due to the continuing effects of climate change. At the launch of its annual Energy Market Review, Willis Tower Watson's report outlined how the global energy system is currently being ... Read the full article
Aon / WTW EC remedy doesn’t address needs outside Europe: Report
14th April 2021
Divestment proposals reportedly offered by Aon to the European Commission (EC), designed to secure EU antitrust approval for its proposed merger with Willis Towers Watson (WTW), do not address competition concerns elsewhere in the world. As a result, the insurance and reinsurance broker could be forced to come up with other ... Read the full article
Hard work, underwriting remedies coming through for reinsurers: Vickers, Willis Re
13th April 2021
Efforts undertaken by reinsurance carriers to improve performance are starting to come through on an underlying basis, but while momentum is positive, there’s more work to be done, according to James Vickers, Chair of Willis Re International. Reinsurance News spoke with Vickers around the launch of the reinsurance broker’s full-year 2020 ... Read the full article
WTW launches new global modelling tool
13th April 2021
Re/insurance broker Willis Towers Watson has launched a global modelling tool, Climate Diagnostic. The model uses advanced data and analytics to demonstrate changes in acute hazards such as wind and flood, as well as chronic stress factors like sea-level rise and heat stress under multiple combinations of climate scenarios and time ... Read the full article
Aon / WTW concessions include regional businesses, FinPro, cyber, aerospace: Reuters
13th April 2021
Global insurance and reinsurance broker Aon has reportedly offered to sell assets in a number of EU countries in order to gain EU antitrust approval for its proposed combination with Willis Towers Watson (WTW), according to Reuters. Reports at the end of March suggested that a remedy proposal for European ... Read the full article
Aon / WTW: Concessions show willingness to complete partial deal, say analysts
12th April 2021
In offering deal-related concessions to the European Commission, Aon and Willis Towers Watson have shown their “willingness to complete even a partial deal,” according to equity analysts at Keefe Bruyette & Woods (KBW). As we reported earlier this morning, the European Commission has restarted the clock on the Aon and ... Read the full article
Aon / Willis Towers Watson: EC restarts clock as concessions offered
12th April 2021
The European Commission (EC) has restarted the clock on its investigation into the proposed combination of Aon and Willis Towers Watson (WTW), after concessions were submitted on April 9th, but the deadline for completion has now been pushed into the second-half of the year. The regulators have been looking into the ... Read the full article
Singapore’s competition watchdog seeks consultation on Aon / WTW merger
9th April 2021
The Competition and Consumer Commission of Singapore (CCCS) is currently assessing whether the proposed combination of re/insurance brokers Aon and Willis Towers Watson (WTW) violates competition rules in the country. Competition related concerns continue to be raised, and the announcement from the CCCS follows reports that the European Commission is ... Read the full article
WTW makes two senior appointments
30th March 2021
Re/insurance broker Willis Towers Watson has appointed Elizabeth Bart and Frédéric Matte as directors in the company’s North America Property & Casualty practice within its Insurance Consulting and Technology (ICT) business. Bart is Chicago based and will be responsible for reserving, including delivery of consulting services and technology sales. She will ... Read the full article
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