Reinsurance News
Willis Towers Watson news
Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
Global M&A activity to remain strong in 2022 after a record year: WTW
5th January 2022
Re/insurance broker Willis Towers Watson (WTW) expects global merger and acquisition (M&A) activity to remain strong in 2022 after a record number of deals completed with a value of more than $100 million last year. The latest research from WTW's Quarterly Deal Performance Monitor, run in partnership with the M&A Research ... Read the full article
WTW names Chris Heinicke as Head of Casualty, Bermuda
4th January 2022
Global insurance and reinsurance brokerage, Willis Towers Watson has appointed Chris Heinicke as Head of Casualty in Bermuda, reporting into Kirsten Beasley, Head of Office, Bermuda. Heinicke joins Willis Towers Watson from Aon Bermuda, where he served as the Managing Director and Team Leader, overseeing the casualty broking unit. He will be ... Read the full article
WTW launches new Risk and Analytics model
21st December 2021
Willis Towers Watson has launched a new Risk and Analytics model for the trade credit market which analyses clients’ trade receivables to predict potential losses over a range of statistical scenarios. By identifying the unique frequency and severity of potential credit risk losses within a firm’s receivables portfolio, the model takes ... Read the full article
WTW appoints Petersen to lead North American primary casualty
21st December 2021
Willis Towers Watson has appointed Casey Petersen to lead its Primary Casualty Broking business in North America. Petersen's focus will be on designing and implementing bespoke risk financing solutions for WTW's clients. Based in Chicago, Petersen he reports to Jon Drummond, head of Broking, North America. Having served with the company since ... Read the full article
WTW designs ‘game changing’ climate-focused parametric solution
20th December 2021
Broker Willis Towers Watson has announced its involvement in the design and placement of the world’s first parametric insurance transaction capable of making possible the Government of Belize’s ground-breaking debt restructuring for marine conservation. Munich Re participated in an underwriting capacity, with the insurance protection having played a crucial role in ... Read the full article
Claims inflation up 6.1% for UK motor insurers: WTW
17th December 2021
According to latest data from Claim Metrics, the claims benchmarking service from re/insurance broker Willis Towers Watson (WTW), claims inflation increased by 6.1% for UK motor insurers during first half of 2021. Whilst lockdowns up to the beginning of Q1 2021 led to a drop in motor claim volumes, including unprecedented ... Read the full article
WTW hires Tim Rourke as UK Head of P&C Pricing, Product, Claims and Underwriting
14th December 2021
Willis Towers Watson has appointed Tim Rourke as the new UK Head of P&C Pricing, Product, Claims and Underwriting in the company’s Insurance Consulting and Technology business. He succeeds Graham Wright in this role, who is taking on a new challenge outside of the company. Rourke most recently served as Head of ... Read the full article
WTW launches Ports and Terminals risk forum
13th December 2021
Willis Towers Watson has announced the launch of a dedicated risk forum for the Ports and Terminals space, as the broker looks to provide a means for its members to network and explore risk identification and response. WTW is collaborating with the University of Cambridge Judge Business School’s Centre for Risk ... Read the full article
U.S. commercial insurance prices continue to rise in Q3: WTW
10th December 2021
U.S. commercial insurance prices have risen again in the third quarter of 2021, according to Willis Tower Watson’s latest Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices charged on policies underwritten during the third quarter of 2021 to those charged for the same coverage during the same quarter in ... Read the full article
WTW names new Director of Strategic Growth
8th December 2021
Willis Towers Watson (WTW) has appointed Kishan Dasan as Director of Strategic Growth, Construction and Natural Resources Australasia. Dasan will be based in Melbourne and joins WTW from AIG where he was Head of Construction Asia Pacific. This is a new role created to meet a key need within the construction and ... Read the full article
WTW secures placement of London Stock Exchange’s first SPAC
8th December 2021
Global broker Willis Towers Watson has secured the insurance placement of Hambros Perks Acquisition Company, the first ever listing of a Special Acquisition Company (SPAC) on the London Stock Exchange. A SPAC is a company that has no commercial operations and is formed strictly to raise capital. The vehicle aims to raise upwards ... Read the full article
Advanced analytics still a priority for re/insurers despite challenges: WTW
7th December 2021
A new study by broker Willis Towers Watson (WTW) has found that expanding and improving the use of advanced analytics in several aspects of operations remains high on North American property & casualty (P&C) insurers’ strategies. As part of a new survey, re/insurers across the board — but most noticeably in ... Read the full article
Fidelis, Arch back WTW’s low-carbon accreditation framework CTP
7th December 2021
Global re/insurance broker Willis Towers Watson has announced further industry backing of its climate-centred accreditation framework, in the form of an endorsement by Fidelis and Arch Insurance Climate Transition Pathways (CTP) has been designed to enable an organisation transition to a low-carbon economy via accreditation. WTW note that the framework is consistent ... Read the full article
WTW bolsters aviation team with acquisition of Sydney-based Aerosure
6th December 2021
Willis Towers Watson has acquired aviation industry specialist Aerosure, as the broker looks to bolster its own capabilities in the space. Sydney-based Aerosure will be integrated into WTW’s global aerospace business, with the former firm’s Managing Director Greg Rector set to serve alongside his colleagues as MD, Australasia Aviation Division. Simon Weaver, Head ... Read the full article
James Kent to lead Gallagher Re as acquisition of Willis Re completes
1st December 2021
Global re/insurance broker Arthur J. Gallagher & Co. has completed its previously announced acquisition of the treaty reinsurance operations of rival Willis Towers Watson (WTW). It was announced in August that Gallagher had reached an agreement to acquire all of the treaty operations of Willis Re from its parent for ... 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.
