Reinsurance News
Willis Towers Watson news
Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
Cyber unlikely to be a panacea for reinsurers: Vickers, Willis Re
9th September 2019
The still emerging cyber risk insurance and reinsurance market is not likely to prove the panacea that some hope it will, according to Willis Re International Chairman James Vickers. Vickers explained in a recent interview that while cyber risk is increasing rapidly around the globe, it is not yet clear where ... Read the full article
Reinsurance rate rises uneven & regional: Tony Melia, Willis Re
6th September 2019
Movements in reinsurance rates seen at mid-year 2019 renewals were not evenly distributed, with differentiation of cedants and regional price dynamics the order of the day. Willis Re International CEO Tony Melia explained to us in a recent interview that the reinsurance market has become increasingly nuanced, when it comes to ... Read the full article
Dedicated reinsurance capital up 8% to $559bn in H1 2019: Willis Re
4th September 2019
Global reinsurance broker Willis Re, the reinsurance arm of brokerage Willis Towers Watson, has reported that total, dedicated reinsurance capital increased by 8% in the first-half of 2019 to $559 billion, compared with $518 billion at the end of 2018. According to the reinsurance broker's latest Reinsurance Market Report, the largest ... Read the full article
UK motor claims inflation up 8.6% with more pressure to come: WTW
22nd August 2019
Motor claims payout inflation in the UK rose by 8.6% in 2018, with further pressure expected throughout 2019, according to the latest benchmarking analysis from broker Willis Towers Watson (WTW). Analysts found that the average cost per claim now comes in at £4,791, having increased for the fourth consecutive year Gross accidental ... Read the full article
Willis Towers Watson names Adam Garrard as new CRB leader
15th August 2019
Global insurance and reinsurance brokerage Willis Towers Watson (WTW) has revealed that Adam Garrard is to replace Todd Jones as leader for the Corporate Risk & Broking (CRB) segment. Garrard is currently WTW Head of International and member of the broker's Operating Committee, and he will continue to serve as acting ... Read the full article
Willis Towers Watson targets pricing fairness & transparency with Radar 4.5
6th August 2019
Insurance and reinsurance brokerage Willis Towers Watson (WTW) has released an updated version of its Radar pricing software, designed to provide insights on pricing fairness and address the growing need for transparency. Radar 4.5 is the latest version of the broker's pricing software, and WTW states that its next generation insurance ... Read the full article
Willis Towers Watson closes $1.3bn TRANZACT acquisition
2nd August 2019
Global re/insurance brokerage Willis Towers Watson (WTW) has announced the completion of its acquisition of TRANZACT, a direct-to-consumer health care organisation. First announced back in April 2019, the deal had originally been valued at $1.2 billion. However, WTW revealed in its second quarter results report that it had amended the earn-out ... Read the full article
Willis Towers Watson acquires specialist M&A broker Risk Capital Advisors
1st August 2019
Willis Towers Watson said this morning that it has acquired Risk Capital Advisors, a leading mergers & acquisitions broking specialist focused on business in Australia, New Zealand and South Africa. Adding to its specialist insurance and reinsurance broking capabilities and broadening its reach globally, has been part of the strategy for ... Read the full article
Willis Towers Watson reports 6% organic growth, jump in net income in Q2
31st July 2019
Re/insurance brokerage Willis Towers Watson (WTW) has recorded total revenue growth of 3% to more than $2 billion in the second-quarter of 2019, with net income up 138% year-on-year to $138 million. Revenue increased across all business segments for the insurance and reinsurance broker in Q2 2019 when compared with the ... Read the full article
Willis Towers Watson appoints Peter Foster to lead global cyber team
29th July 2019
Global insurance and reinsurance broker Willis Towers Watson (WTW) has announced that Peter Foster has been appointed Chairman of Global FINEX Cyber and Cyber Risk Solutions. He has been with the broker for more than 14 years and WTW says that he has been instrumental in the development of its global ... Read the full article
New InsurTech investments hit $1.4 billion in Q2: Willis Towers Watson
25th July 2019
Total new InsurTech funding commitments exceeded $1.2 billion for the fourth consecutive quarter in Q2 2019, as 69 deals with a total value of $1.41 billion were announced in the period, according to insurance and reinsurance broker, Willis Towers Watson (WTW). The broker's latest quarterly InsurTech report highlights a buoyant investment ... Read the full article
Lockton hires Dagostino from Willis Towers Watson to lead Global Cyber & Tech unit
18th July 2019
Global re/insurance brokerage Lockton has appointed cyber risk expert Anthony Dagostino as Executive Vice President (EVP), Global Cyber and Technology Practice leader. Dagostino most recently served as global head of cyber risk consulting and insurance at broker Willis Towers Watson (WTW), and brings more than 15 years of cyber risk management ... Read the full article
WTW adds Marsh trio to Financial Institutions business
18th July 2019
Global re/insurance brokerage Willis Towers Watson has announced a series of additions across its financial institutions business in Canada. All three appointees have been picked up from Marsh, will be based in Toronto and report to Allison Barrett, Global Head of FINEX FI, and John Haas, Head of Corporate Risk and ... Read the full article
Dunlap appointed Head of Construction Broking in NA, Willis Towers Watson
16th July 2019
Insurance and reinsurance broker Willis Towers Watson (WTW) has named Jim Dunlap as its new Head of Construction Broking in North America (NA), based in Chicago. In his new role, Dunlap will report to Joseph Peiser, Head of Broking North America. WTW states that Dunlap will be tasked with overseeing the ... Read the full article
Willis Towers Watson’s Smaje joins BGC Insurance as CEO, global aviation & space brokerage
1st July 2019
BGC Insurance Group, a division of BGC Partners, Inc. has named Philip Smaje as Chief Executive Officer (CEO) of its new global aviation and space re/insurance brokerage. The appointment of Smaje follows the recent addition of JLT's Marcel Chad as President of the unit and subject to regulatory approval, Smaje ... 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.
