Reinsurance News
Willis Towers Watson news
Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
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
WTW appoints Anthony Monaghan to Industry Transportation Leader role
1st December 2021
Global re/insurance broker Willis Towers Watson has named Anthony Monaghan as GB Industry Transportation Leader for its Risk & Broking Division in GB. Monaghan joins from Marsh, where he most recently led their Manufacturing & Automotive Industry. Prior to MMC’s acquisition of JLT, he was Marsh’s Transportation Leader for the UK and ... Read the full article
WTW partners with software provider CodeEast on digital solution
29th November 2021
Re/insurance broker Willis Towers Watson (WTW) and software provider CodeEast have announced a global partnership offering a new digital transformation solution for insurance companies and MGAs. Combining WTW’s Radar Live with CodeEast's ONEview digital insurance platform, the solutions is designed to maximise profit margins and reduce operational costs using product distribution ... Read the full article
WTW adds MacCarthy to CRB business as Head of Asia Casualty
29th November 2021
Global re/insurance broker Willis Towers Watson has added Ben MacCarthy to its Corporate Risk and Broking (CRB) business as Head of Casualty Asia, effective December 1. MacCarthy will be based in Hong Kong and reports to Paul Ward, Head of Global Markets P&C in Asia at WTW. He brings over 15 years' experience ... Read the full article
WTW names Ted Hodgkinson Leader of Hong Kong and Macau
23rd November 2021
Ted Hodgkinson, Head of Corporate Risk and Broking in Hong Kong and Macau at insurance and reinsurance broker Willis Towers Watson (WTW), has assumed the additional role as Leader of Hong Kong and Macau. Hodgkinson has served as interim Leader since October and formally takes over the helm from Roger Steel, ... Read the full article
Premium growth strong for re/insurers in 2021: Willis Re
23rd November 2021
A group of re/insurers tracked by Willis Re reported improved combined ratios through the first nine months of the year despite elevated catastrophe losses in the third quarter, while half the cohort achieved double-digit growth in premiums. A recent report by Willis Re, which explores the 9M 2021 performance of the ... Read the full article
UK competition authority clears Gallagher acquisition of Willis Re
22nd November 2021
The UK’s Competition and Markets Authority (CMA) said this morning that it has ended its investigation into and cleared Arthur J. Gallagher & Co's (Gallagher) planned acquisition of the Willis Re treaty reinsurance business. The investigation has been ended as the CMA has decided now further action is required and said ... Read the full article
Industry uncertainty throws doubt over future of mega-M&A
18th November 2021
Despite having become an increasingly common feature of the insurance and reinsurance landscape in recent years, the industry's perception of mega-M&A moving forward appears to be one categorised by uncertainty; influenced by an awareness of heightened competition and anti-trust concerns. The results of our H2 2021 Reinsurance Market Survey, held ... Read the full article
WTW adds four to Board as succession process continues
18th November 2021
International insurance and reinsurance broker, Willis Towers Watson (WTW), has announced that Inga Beale, Fumbi Chima, Michael Hammond, and Michelle Swanback will all join its Board of Directors in 2022. These additions to its Board follow on from WTW's announcement in August that Carl Hess will succeed John Haley as ... Read the full article