Reinsurance News
Willis Towers Watson news
Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
WTW forecasts £30bn in bulk annuity deals for 2021
18th December 2020
Insurance broker Willis Towers Watson is anticipating roughly £30 billion in bulk annuity deals across 2021, closely matching this year’s expected total. Furthermore, WTW expects to see £25 billion in longevity swaps across next year, close to the £24 billion racked up throughout 2020. Overall, despite the challenges inflicted by the global ... Read the full article
Aon / WTW divestitures would reduce benefits of merger: KBW
16th December 2020
Following reports that regulators may investigate the merger deal between Aon and Willis Towers Watson (WTW) on anti-trust grounds, analysts at KBW have warned that any resulting divestitures could reduce the benefits of the combination. Sources at Reuters said yesterday that a full-scale review into the $30 billion Aon / ... Read the full article
EU to investigate Aon / WTW merger: reports
15th December 2020
The huge merger deal between brokers Aon and Willis Towers Watson (WTW) is set to undergo an in-depth probe by European Union (EU) regulators due to its complexity, sources have told Reuters. According to these inside sources, the $30 billion deal faces a full-scale review once the European Commission’s preliminary ... Read the full article
Insurance prices up 10% across Q3, finds WTW
7th December 2020
US commercial insurance prices grew significantly over the third quarter of 2020, according to Willis Towers Watson (WTW), with carriers reporting aggregate price changes of nearly 10%. The broker’s Commercial Lines Insurance Pricing Survey (CLIPS) found that price changes for nearly every line were consistent with the increases from the prior ... Read the full article
Life insurers seeking new solutions to build on performance: WTW
4th December 2020
New research from re/insurance broker Willis Tower Watson (WTW) reveals that life insurers are seeking new solutions in order to build on their business performance whilst boosting customer relations in an already highly competitive market. WTW surveyed 39 life insurers, including major multinationals, based in nine countries from across Europe. It showed ... Read the full article
ILS market remains resilient: WTW
3rd December 2020
Insurance and reinsurance broker, Willis Tower Watson (WTW), has released a new report that shows the insurance-linked securities (ILS) market remains resilient, despite the COVID-19 pandemic. The broker's Global Insurance-Linked Securities Market Survey Report states that 86% of ILS funds expect market growth of 5% or more cumulatively during the next ... Read the full article
Hard market conditions in US commercial to continue across 2021: WTW
20th November 2020
A report from re/insurance broker Willis Towers Watson has underlined an expectation for US commercial insurance prices to increase in every line except one throughout 2021. The insurance industry is expected to adapt to the continuing hard market by leveraging analytics and data-driven tools in order to change the way buyers ... Read the full article
WTW bolsters climate change expertise with Acclimatise acquisition
12th November 2020
Re/insurance broker Willis Towers Watson has announced the acquisition of Acclimatise, a climate change adaptation advisory and analytics services provider. Acclimatise, based in the UK with teams in France, the US and India, brings additional experience in climate adaptation to WTW following the completion of over four hundred and fifty climate ... Read the full article
Reckitt Benckiser completes £415m buy-in with Scottish Widows
11th November 2020
The Reckitt Benckiser Pension Fund has secured a £415m buy-in with Scottish Widows, insuring the benefits of around half of the fund's pensioner liabilities. The £415m transaction is set to remove the interest rate, inflation and longevity risk relating to these liabilities. The transaction has only just been announced, although it ... Read the full article
WTW reports higher revenue in Q3; favourable reinsurance renewal factors
29th October 2020
Global insurance and reinsurance brokerage, Willis Towers Watson (WTW), has announced a 1% rise in revenue to $2.01 billion for the third-quarter of 2020. For the quarter, income from operations declined by 180 basis points compared to the same period in 2019, reaching $73 million. While net income of $121 million ... Read the full article
Insurtech fundraising hits $2.5bn in Q3: WTW
28th October 2020
Re/insurance broker Willis Towers Watson (WTW) has reported that insurtech firms raised a total of $2.5 billion across 104 deals during the third quarter of 2020. The total value raised was 63% higher than in the previous quarter, while the number of deals increased by 41%, according to the new Quarterly ... Read the full article
Willis Re completes $100mn ILS deal for Minnesota Life
27th October 2020
In collaboration with Willis Re, Willis Re Securities says it has structured and placed $100 million of insurance-linked securities (ILS) for Minnesota Life, a life insurance subsidiary of Securian Financial Group. With this deal, Minnesota Life will be the first US direct writer of life insurance to utilise an extreme mortality ... Read the full article
Sompo Holdings adopts Willis Towers Watson’s pricing solutions
26th October 2020
Insurance broker Willis Towers Watson says Sompo Holdings Asia has adopted its pricing solutions for retail business in the region in an effort to transform its pricing operations across 14 markets. Due to the current economic environment where consumer behaviour and financial markets are changing daily, it has become essential for ... Read the full article
M&A markets sees first positive performance in years: WTW
26th October 2020
New data from re/insurance broker Willis Towers Watson (WTW) shows that the global mergers and acquisitions (M&A) insurance market recorded its first positive performance in three years for completed deals. The market performed well despite the impact of the COVID-19 pandemic on deal-making during 2020, but WTW says that its data ... Read the full article
Car insurance premiums dropped by 1%: Willis Tower Watson
22nd October 2020
Willis Tower Watson's Car Insurance Price index has shown that comprehensive car insurance premiums have fallen by 1% (£5) in Q3 2020, due to the COVID-19 Pandemic. The index which was released in partnership with confused.com shows that the average cost of car insurance has now fallen for three consecutive quarters ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
