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Willis Towers Watson news
Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
Willis Towers Watson responds to latest IFRS 17 proposals by IASB
27th June 2019
The risk advisory and broking firm Willis Towers Watson (WTW) has issued a response to the latest changes proposed by the International Accounting Standards Board (IASB) concerning its accounting standard IFRS 17 Insurance Contracts. The IASB’s limited scope Exposure Draft (ED), published this week, brings together a number of proposals made ... Read the full article
Willis Towers Watson develops new solution for mid-market clients
24th June 2019
Re/insurance broker Willis Towers Watson (WTW) has launched a new solution for General Industry mid-market clients as part of its Differentiated Broking Solutions (DBS) strategy. Notably, the solution features pre-agreed terms and conditions, meaning it will act almost like a facility with guaranteed capacity at guaranteed rates for WTW’s clients. WTW said ... Read the full article
WTW adds EY’s Sutcliffe to insurance consulting, tech UK life business
18th June 2019
Global re/insurance brokerage Willis Towers Watson has appointed Gareth Sutcliffe to its insurance consulting and technology (ICT) UK Life business as Head of the Insurance Investment Solutions Group (IISG). Sutcliffe, who joins from professional services firm EY having most recently served as Head of its UK Investment Advisory team, holds over ... Read the full article
US commercial insurance prices increase during the Q1 2019
11th June 2019
US commercial insurance prices have increased in the first quarter of 2019, according to global re/insurance brokerage Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported by carriers was close to 2% for all four quarters of 2018, and came in just above 2% in ... Read the full article
WTW launches new venture capital, growth board initiatives
5th June 2019
Global re/insurance brokerage Willis Towers Watson has announced the launch of two initiatives designed to spur organic and inorganic growth. WTW Strategic Ventures, the first of the two initiatives, will look to make early-stage investments in innovative companies. It’s hoped these kinds of investments will unlock new growth possibilities in relevant businesses ... Read the full article
Geopolitical risks flagged as primary concern in WTW, AIRMIC report
5th June 2019
Risks associated with geopolitical tensions have been flagged as a primary concern among members of UK-based association and representative body Airmic, in a report published today by re/insurance brokerage Willis Towers Watson. More specifically, Airmac members expect geopolitical risks - risks emanating from the interaction between geography, policy and the economy ... Read the full article
WTW integrates insurtech vendor Tia Technology into pricing platform
23rd May 2019
Global insurance and reinsurance broker Willis Towers Watson (WTW) has partnered with insurtech vendor Tia Technology to enhance the offering of its Radar Live price delivery software. WTW intends to integrate the Tia rating engine into Radar Live, allowing users to take full advantage of both systems and providing more frequent ... Read the full article
Commercial property rates firm as underwriting discipline improves: WTW
14th May 2019
Commercial insurance buyers are facing upward pressure on pricing for most lines of business for the remainder of 2019 as the market turns toward more disciplined underwriting, according to broker Willis Towers Watson (WTW). The analysis came as part of the firm’s Insurance Marketplace Realities 2019 Spring Update, which serves as ... Read the full article
WTW enhances security, AI capabilities of Radar pricing tool
14th May 2019
Global insurance and reinsurance broker Willis Towers Watson has announced the launch of the latest version of its Radar software, a platform of products for property and casualty (P&C) insurer pricing teams, including actuaries and underwriters. Radar 4.4 implements new fine-grained security controls that simplify the application of the pricing software, ... Read the full article
InsurTech investments break records in Q1 2019: Willis Towers Watson
9th May 2019
For the third consecutive quarter, InsurTech funding surpassed the $1 billion mark in the opening three months of 2019, with 85 deals recorded with a total value of $1.42 billion, according to the latest quarterly InsurTech Briefing from insurance and reinsurance broker, Willis Towers Watson (WTW). When compared with the fourth-quarter ... Read the full article
WTW reports $2.3bn Q1 revenue, net income jumps 32% to $293m
1st May 2019
Global re/insurance broker Willis Towers Watson has posted $2.31 billion in revenue for the first quarter of 2019, a slight 1% increase from the same period last year. Net income for the first quarter of 2019 was $293 million, or 12.7% of revenue, an increase from last year’s $221 million net income, ... Read the full article
WTW launches new risk advisory service for financial executives
1st May 2019
Willis Towers Watson has announced the launched of a new risk advisory service, called Connected Risk Intelligence, to help chief financial officers and risk managers reduce volatility and minimise their total cost of risk. The service is built around IGLOO, a proprietary decision support system for the re/insurance sector, which offers ... Read the full article
Willis Towers Watson launches $1bn political risk program
30th April 2019
Global insurance and reinsurance broker Willis Towers Watson has announced the launch of a unique political risk insurance program supported with over $1 billion of market capacity. The new program is targeted at large global clients who may have existing assets or are considering future investments overseas. It is supported by VAPOR ... Read the full article
WTW adds asset management experts to FINEX Financial Institutions practice
29th April 2019
Willis Towers Watson (WTW), the global insurance and reinsurance broker, has appointed a number of asset management experts to its FINEX Financial Institutions practice as part of its strategy to build out the business globally. Henry Keville, among others, will provide bespoke management liability product solutions and programmes for the asset ... Read the full article
WTW adds Christophe Meurier as Global Head of Financial Solutions
29th April 2019
Global re/insurance broker Willis Towers Watson (WTW) has appointed Christophe Meurier as Global Head of Financial Solutions, effective July 1. Meurier succeeds Paul Davidson in the role, who is to continue as Chairman of Financial Solutions. He joins from BNP Paribas where he spent 25 years, most recently as the Head of ... Read the full article
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