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Willis Towers Watson news
Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
Willis Research Network & Metabiota partner on pandemic risk
19th August 2020
The Willis Research Network (WRN), a research division of the insurance and reinsurance broking group at Willis Towers Watson (WTW), has partnered with Metabiota, a risk analytics organisation that specialises in infectious diseases modelling and builing resilience to pandemics. The partnership aims to leverage Metabiota’s epidemiological data analytics capabilities to improve ... Read the full article
WTW appoints Shaw to lead data, analytics for Global Fac division
13th August 2020
Global re/insurance broker Willis Towers Watson has appointed Fiona Shaw as head of data, analytics and innovation for its Global Fac division. Shaw will oversee the leveraging of analytical expertise across WTW in order to develop a strategy for the use of data and analytics across the facultative business globally. Her role ... Read the full article
Aon & Willis Towers Watson deal recommended by proxy advisors
11th August 2020
Proxy advisory firms Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. have recommended the shareholders of both Aon and Willis Towers Watson (WTW) to vote in favour of their combination. In an independent report dated August 7th, 2020 ISS found that "the strategic rationale is sound" and subsequently recommended ... Read the full article
Morgan Stanley partners with HUB, Marsh, and WTW on HNW P&C cover
7th August 2020
American investment bank, Morgan Stanley has announced that it will now be offering Property and Casualty (P&C) insurance to its high net-worth (HNW) clients and their families. Morgan Stanley has teamed up with re/insurance brokers HUB International, Marsh Private Client Services, and Willis Towers Watson (WTW) in order to offer this ... Read the full article
Aon & WTW disclose more on combination to fend off legal challenges
4th August 2020
In an effort to ward off legal challenges delaying Aon's combination with Willis Towers Watson (WTW), the global re/insurance broker has disclosed some additional details associated with the deal. After weeks of speculation, Aon confirmed in March of this year that it will combine with rival broker WTW through a ... Read the full article
WTW appoints Wise Xu as country leader for China
3rd August 2020
Global re/insurance broker WTW has appointed Wise Xu as country leader for China, effective September 1. Wise, who will retain his current position as head of corporate risk and broking in China, takes over from Smilla Yuan, who is set to leave the company towards the end of August. Based in Beijing, ... Read the full article
Aon sees Willis Re as complementary, divestiture unnecessary: Execs
31st July 2020
Aon's senior leadership, including CEO Greg Case, explained today during a quarterly earnings call that the company isn't expecting to need to divest significantly, as it combines with Willis Towers Watson (WTW) when the acquisition is realised. Case, the Chief Executive Officer of insurance and reinsurance broker powerhouse Aon, said before ... Read the full article
WTW increases revenue, grows reinsurance business
30th July 2020
Re/insurance broker Willis Towers Watson (WTW) has increased its overall revenue by 3% during the second quarter of 2020, helped by organic growth and favourable renewal factors for its reinsurance business. Revenue was reported at $2.11 billion for Q2 2020, compared with $2.05 billion for the same period last year. Looking at ... Read the full article
Global insurtech investment rebounds 71% to $1.5bn in Q2: WTW
28th July 2020
Global Insurtech investment hit $1.56 billion during the second quarter of 2020, an increase of 71% compared to Q1, according to Willis Towers Watson. 2020's first quarter was heavily influenced by the uncertainty surrounding COVID-19. WTW says the increase in Q2 was driven in part by later-stage investments, including four ‘mega-rounds’ in ... Read the full article
SSP joins Willis Towers Watson’s Radar Live program
24th July 2020
Broker Willis Towers Watson (WTW) has announced it will partner with insurance software provider SSP to optimise real-time pricing and time to market for insurance companies. SSP will join WTW’s global Radar Live collaborator program, improving its ability to derive insights from various data sources and to deploy machine learning models ... Read the full article
Willis Re Securities closes €100mn cat bond for UnipolSai
22nd July 2020
Willis Re Securities, in collaboration with Willis Re, has structured and placed €100 million of insurance-linked securities for UnipolSai, the insurance arm of leading Italian financial group Unipol. Azzurro Re II Series 2020-1 settled on July 10 and provides UnipolSai with a single €100 million tranche of fully collateralised protection against ... Read the full article
MMC pulls ahead in broker rankings but Aon + WTW could take top spot
3rd July 2020
Marsh & McLennan Companies (MMC) has extended its lead in the rankings of The Top 20 Global Insurance and Reinsurance Broking Groups, although a combined Aon and Willis Towers Watson (WTW) could claim the number one spot. As shown by our directory of the Top 20 Global Insurance & ... Read the full article
Rate rises persist as replenished capital supports mid-year renewals: Willis Re
1st July 2020
Rate inadequacy continued to drive measured rate adjustments in many lines and geographies at the June and July reinsurance renewals, while primarily players were able to secure sufficient reinsurance capacity, reports Willis Re, the reinsurance broking arm of Willis Towers Watson (WTW). The reinsurance broker reports that double-digit risk-adjusted reinsurance price ... Read the full article
Willis Pension Scheme in £1bn longevity swap with reinsurer Munich Re
30th June 2020
The Willis Pension Scheme has entered into a longevity swap transaction with global reinsurance giant Munich Re, under which the reinsurer will manage the longevity risk in relation to c£1 billion of pensioner liabilities. This longevity reinsurance transaction covers roughly 3,500 Scheme members, providing long-term protection for the Scheme against additional ... Read the full article
Longevity swaps still on track for record year: Willis Towers Watson
30th June 2020
Pensions risks transactions have kept pace through lockdown, meaning 2020 is still on track to be a record year for longevity swaps, according to re/insurance broker Willis Towers Watson. Analysts believe there remains significant appetite for reinsurers to take on new longevity swaps, reflecting the expected decline in business being directed ... Read the full article
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