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Willis Towers Watson news
Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
Aon / WTW: Reports say EC remedy package in development, progressing
29th March 2021
Aon and Willis Towers Watson (WTW) are making progress in developing a remedy proposal for European Commission regulators, as the pair look to be proactive in making concessions to get the merger completed, according to reports. As we've previously written, competition related concerns are said to be rising, with the ... Read the full article
Aon / WTW considering sale of Gras Savoye in France, reports suggest
25th March 2021
According to L’argus de l’assurance, rumors circulating in the French broking market suggest that Willis Towers Watson (WTW) could be considering a sale of its Gras Savoye unit ahead of its planned merger with Aon. The proposed combination of the broking giants is currently under investigation by regulators, with concerns centering ... Read the full article
WTW launches cyber solution for Power & Utilities industry
24th March 2021
Global re/insurance broker Willis Towers Watson has launched a new type of cyber insurance cover designed specifically for Power & Utilities companies. WTW says CyNat has been developed to specifically cover the key industry exposures rather than trying to modify pre-existing generic cyber products. The solution includes crisis management costs, business interruption ... Read the full article
Fitch affirms Aon, stays positive on WTW despite merger uncertainty
19th March 2021
Fitch Ratings has affirmed the 'BBB+' Issuer Default Rating (IDR) for Aon and removed its Negative Rating Watch, while maintaining Willis Towers Watson’s 'BBB' Long-Term IDR and issue-level ratings on Rating Watch Positive. This move from the ratings agency is directly linked to the much-talked about combination between the two ... Read the full article
Aon / WTW: Reports suggest US DOJ may have reinsurance concerns
17th March 2021
The pending acquisition of rival Willis Towers Watson (WTW) by its larger rival Aon continues to generate headlines, with recent reports in specialist antitrust publications suggesting concerns from the US government may have a reinsurance focus, as well as in other areas like benefits and large corporate clients. While concerns raised ... Read the full article
Commercial insurance prices up 10% over Q4: WTW
10th March 2021
New data from re/insurance broker Willis Towers Watson (WTW) shows that US commercial insurance prices grew by a substantial 10% over the fourth quarter of 2020. This was the largest quarterly increase recorded so far by WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), which began in 2003. Data for nearly all lines ... Read the full article
Aon / WTW: Sources expect Willis Re sale & divestment to near $1.8bn cap
9th March 2021
Aon's pending acquisition of rival Willis Towers Watson (WTW) continues to generate significant chatter in investor and analyst circles, with sources increasingly confident a sale of reinsurance broker Willis Re will be the likely outcome, if remedies are needed to get the merger through. But divestitures are not seen as stopping ... Read the full article
WTW partners with CDL on Radar Live programme
8th March 2021
Re/insurance broker Willis Towers Watson (WTW) has announced that CDL, a specialist technology provider, will be joining WTW’s Radar Live Collaboration programme. Radar Live is an insurance rating and rules programme that builds on WTW’s analytical software Emblem, Classifier, Radar Base and Radar Optimiser. The programme has been designed to help equip ... Read the full article
Aon / WTW combination subject to EU antitrust warning, says Reuters
3rd March 2021
Insurance and reinsurance broker Aon's proposed $30 billion merger with Willis Towers Watson (WTW) is to be subject to an EU antitrust warning unless the company offers concessions, according to Reuters. After confirming in December 2020 that it would conduct an in-depth investigation of the transaction, noting concerns it could ... Read the full article
Aon / WTW deal circled by merger arb & event driven hedge funds
26th February 2021
The Aon and Willis Towers Watson (WTW) deal, which will be the largest insurance and reinsurance broker merger or acquisition in history, is now attracting significant attention from investors in the merger arbitrage and event driven hedge fund space. Just in the last two weeks, we've heard from numerous global investment ... Read the full article
Growth of digital healthcare creating unforeseen risks: WTW
24th February 2021
Global re/insurance broker Willis Towers Watson has released a report which explores how COVID-19 and the trend towards the digitisation of medicine is resulting in a rapid technological change. In the report, the broker also noted that digitisation is creating emerging risk issues and may result in healthcare risk managers reassessing ... Read the full article
WTW, Liberty Specialty launch reputational crisis insurance solution
22nd February 2021
Re/insurance broker Willis Towers Watson has launched a solution designed to enable organisations to transfer the financial risk associated with certain types of reputational crises. The broker’s Reputational Crisis Insurance also provides access to a range of non-insurance capabilities, including AI-powered data analysis. The solution has been developed through a partnership with ... Read the full article
WTW proposes Solvency II reforms amid HM Treasury call for evidence
19th February 2021
In support of HM Treasury's review of the Solvency II regime following the expiration of the Brexit transition period, re/insurance broker Willis Towers Watson (WTW) has recommended a number of key changes to ensure relevance for the UK insurance sector. HM Treasury is considering areas of Solvency II that could better ... Read the full article
Aon and WTW merger will “significantly lessen competition” in Australia
18th February 2021
The Australian Competition & Consumer Commission (ACCC) is concerned that the proposed combination of Aon and Willis Towers Watson (WTW) will significantly lessen competition in the supply of commercial risk, reinsurance and employee benefits broking and advisory services in Australia. The announcement from the ACCC comes just weeks after the ... Read the full article
Willis Re hires Michel Büker as Head of Lloyd’s Capital
16th February 2021
Willis Re, the reinsurance broking arm of Willis Towers Watson, has appointed Michel Büker in a dual role as Head of Lloyd’s Capital and Head of Production, Customised Solutions, EMEA at Willis Re Specialty. Effective 8th February, 2021, he will be responsible for extending Willis Re’s relationships with the Lloyd’s sector ... Read the full article
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