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Willis Towers Watson news
Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
Aon, WTW merger to be a positive catalyst: CEO Greg Case
29th April 2020
Greg Case, the Chief Executive Officer of leading re/insurance broker Aon, believes his company’s forthcoming combination with Willis Towers Watson will be a positive catalyst enabling accelerated innovation on behalf of clients. In an official statement to colleagues earlier this week, Case noted how the all-stock combination requires no financing ... Read the full article
WTW announces leadership changes in Singapore & South Asia
23rd April 2020
Global re/insurance brokerage Willis Towers Watson (WTW) has appointed Leng Leng Ng as Country Leader for Singapore as Vivek Nath transitions to lead the company's Corporate Risk and Broking (CRB) operation in South and Southeast Asia. Ng takes on the responsibilities in addition to her role as Head of CRB in ... Read the full article
Covid-19 claims manageable, but reinsurers face formidable challenges: Willis Re
23rd April 2020
Willis Re, the reinsurance broking arm of Willis Towers Watson (WTW), has said that while reinsurance claims from the global COVID-19 pandemic are likely to be manageable, the industry is facing some formidable challenges. In a recently published COVID-19 Impact report, reinsurance broker Willis Re says that so far, reinsurers have ... Read the full article
Willis Towers Watson names Cyrille de Montgolfier as Head of France
23rd April 2020
Re/insurance broker Willis Towers Watson has announced the appointment of Cyrille de Montgolfier as the new leader of its French business, Gras Savoye Willis Towers Watson. De Montgolfier takes up the position of Head of France on 27 April and will be based in Paris. He has over three decades of insurance ... Read the full article
Covid-19 shows sensitivity of re/insurers to equity market volatility: Willis Re
17th April 2020
The global reinsurance capital base is expected to take a hit of approximately 5% from the financial impacts of the Covid-19 coronavirus pandemic, reports Willis Re, the reinsurance arm of global brokerage Willis Towers Watson (WTW). The reinsurance broker's Strategic and Financial Analytics teams' 5% estimate is a marked improvement on ... Read the full article
Climate risk to transform energy sector: Willis Towers Watson
16th April 2020
Analysts at Willis Towers Watson (WTW) have suggested that climate change risks and environmental social governance (ESG) will have a transformative effect on the energy insurance industry in the coming years. As part of its annual Energy Market Review, WTW noted that the recent oil price war and the reduction in ... Read the full article
WTW adds Matt Scott as climate, resilience senior director
16th April 2020
Global re/insurance broker Willis Towers Watson has appointed Matt Scott as a senior director within its Climate and Resilience Hub. Scott brings more than 20 years’ experience to the role, having most recently played an integral role in the Bank of England’s climate team under Governor Mark Carney from 2014. In his ... Read the full article
WTW calls for long-term view to M&A deals amid COVID-19 uncertainty
9th April 2020
As the global merger and acquisition (M&A) market continues to trend downwards, re/insurance broker Willis Towers Watson (WTW) has called on business leaders to draw on lessons from the 2008 financial crisis and take a long-term view to deals amid widespread uncertainty. Insurance and reinsurance brokerage firm WTW notes that since ... Read the full article
Charles Rumball to lead Willis Re Specialty – North America
31st March 2020
Willis Re, the reinsurance broking arm of Willis Towers Watson (WTW), has appointed Charles Rumball as Head of Specialty - North America, reporting to both Donald Harrell, Chief Operating Officer (COO) of Willis Re Specialty and Jeffrey Livingston, Executive Vice Chairman, Willis Re North America. Currently, Rumball serves as Executive Vice ... Read the full article
Aon’s Eric Andersen, WTW’s Julie Gebauer to lead integration
25th March 2020
Global insurance and reinsurance broker Aon has confirmed to Reinsurance News that Eric Andersen, President of Aon and Julie Gebauer, Head of Human Capital & Benefits at Willis Towers Watson (WTW), will lead the integration of the two brokerage firms. On the 9th of March, 2020 Aon announced that a ... Read the full article
WTW tool enables tracking of COVID-19 cases against P&C portfolios
25th March 2020
Global insurance and reinsurance broker Willis Towers Watson (WTW) has announced the addition of a new COVID-19 feature within its Global Peril Diagnostic modelling tool, designed to track pandemic cases against P&C clients' global assets. The new, real-time, risk and analytics feature provides risk managers with up-to-date information on confirmed COVID-19 ... Read the full article
Could market decline force M&A price renegotiations? (Covea-PartnerRe, Aon-WTW)
23rd March 2020
With pressures from the coronavirus (COVID-19) outbreak causing a surge in market volatility and significant decreases in share prices, there could be a question mark over some of the larger merger and acquisition (M&A) deals announced recently. For example, PartnerRe shares were valued at US $27.20 per share on the New ... Read the full article
Willis Towers Watson announces A Class, a business aviation community
19th March 2020
Global insurance and reinsurance broker Willis Towers Watson (WTW) has launched a new community group dedicated to the delivery of data, knowledge and solutions to its business aviation clients, called A Class. The new business aviation community has a focus on both data analytics and risk strategy and is designed to ... Read the full article
US commercial insurance prices accelerate 6% in Q4: WTW
13th March 2020
US commercial insurance prices accelerated during the fourth quarter of 2019, according to re/insurance broker Willis Towers Watson (WTW), as the aggregate price change reported by carriers exceeded 6%. The result continues a trend of acceleration that has been observed over recent quarters, the firm found as part of its Commercial ... Read the full article
Fitch puts Aon on negative watch, citing WTW merger concerns
12th March 2020
Rating agency Fitch has decided to place the ratings of re/insurance broker Aon on negative watch due to complexities surrounding its recently announced merger deal with Willis Towers Watson (WTW). Analysts said Aon’s ‘BBB+’ Issuer Default Rating (IDR) could be negatively affected by the significant deal size of its combination ... Read the full article
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