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Willis Towers Watson news
Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
Aon does not intend to pursue Willis Towers Watson deal
6th March 2019
Re/insurance brokerage Aon has now confirmed that it does not intend to pursue a deal to acquire rival broker Willis Towers Watson (WTW). Media reports emerged yesterday claiming that Aon was in early discussions with WTW about a potential acquisition. Aon then confirmed then it was in the early ... Read the full article
WTW partners with InsurTech massUP
6th March 2019
Global re/insurance broker Willis Towers Watson (WTW) has partnered with German InsurTech massUP with the aim of developing new insurance products and solutions. The strategic partnership, which is hoped will also enable the integration of technological processes and includes joint international distribution, follows existing collaboration efforts between massUp and Willis Re, ... Read the full article
Aon confirms consideration to acquire Willis Towers Watson
6th March 2019
Insurance and reinsurance broker Aon has confirmed that it is in the initial stages of considering an offer to acquire Willis Towers Watson (WTW). Reports emerged yesterday that Aon had held preliminary talks with WTW over a potential deal that would see the combination of two of the world's largest ... Read the full article
Aon is considering an offer to buy Willis Towers Watson, reports Bloomberg
5th March 2019
Global insurance and reinsurance broker Aon is reportedly in talks to acquire rival broker Willis Towers Watson (WTW), according to a Bloomberg report, which cites people familiar with the matter. Bloomberg reports that Aon is considering the purchase of WTW, and is preparing to submit an offer in the coming weeks. According ... Read the full article
Value of InsurTech deals up by 155% in Q4: Willis Towers Watson
25th February 2019
Global insurance and reinsurance broker, Willis Towers Watson, has said that the number of InsurTech deals announced globally in Q4 2018 increased by 24% to 63, with a total value of $1.59 billion, which is growth of 155% on the same period in 2017. This is according to the broker's Quarterly ... Read the full article
WTW adds Chubb’s Ben Dunston as Head of Broking in Asia
22nd February 2019
Global re/insurance brokerage Willis Towers Watson (WTW) has announced the appointment of Ben Dunston as Head of Broking in Asia, effective March. Dunston was previously the Head of Marine at Chubb Insurance Company, Singapore. Prior to that he held key leadership positions, including at Chubb Syndicate London and Pembroke Managing Agency London. “With ... Read the full article
Willis Towers Watson reports organic revenue growth
8th February 2019
Global insurance and reinsurance broker Willis Towers Watson (WTW) recorded revenue growth of 3% for the fourth-quarter and 5% for the full-year of 2018, driven in part by solid organic growth within its Investment, Risk & Reinsurance segment. The broker has reported Q4 net income of $169 million, down from the ... Read the full article
Willis Re bolsters Australia division with senior appointments
1st February 2019
Willis Re, the reinsurance arm of global insurance broker Willis Towers Watson, has announced some leadership changes within its Australia division, including the appointment of John Philipsz as Deputy Chief Executive Officer (CEO) of Willis Re Australia, effective immediately. Philipsz will be based in Sydney, and will continue to push the ... Read the full article
WTW appoints Bowser to lead life insurance consulting team
31st January 2019
The risk advisory and broking firm Willis Towers Watson (WTW) has appointed Marcus Bowser to lead its Life Insurance Consulting team in the UK. He takes over from Colin Forrest, who becomes Regional Leader for Europe, Middle East and Africa (EMEA) in the company’s Insurance Consulting and Technology business. Bowser has close ... Read the full article
WTW estimates industry cat losses at $71.5bn for 2018
16th January 2019
Global insurance and reinsurance broker Willis Towers Watson (WTW) has estimated that major natural catastrophes cost the re/insurance industry $71.5 billion in 2018, with losses primarily driven by smaller events. This figure is only slightly above the annual average since 2011 but the third-highest total during this period, according to WTW’s ... Read the full article
Bulk annuity ‘mega deals’ trend to impact smaller schemes: WTW
9th January 2019
With the trend of bulk annuity ‘mega deals’ set to continue into 2019, smaller pension schemes are potentially at risk of missing out on attractive pricing as re/insurers prioritise resources to large-scale, high value deals, according to analysts at Willis Towers Watson (WTW). Last year saw unprecedented levels of bulk annuity ... Read the full article
WTW adds Costas Yiasoumi to pension de-risking team
8th January 2019
Global insurance and reinsurance broker Willis Towers Watson (WTW) has appointed Costas Yiasoumi as a Senior Director in its pension de-risking transaction business. Yiasoumi joins WTW from Legal & General, where he served as Head of Core Business, focusing on the buy-in and buy-out market. He has more than 20 years’ experience ... Read the full article
WTW appoints head of EMEA region for Consulting and Technology business
7th January 2019
Global insurance and reinsurance broker Willis Towers Watson (WTW) has appointed Colin Forrest as Regional Leader for Europe, Middle East and Africa (EMEA) in its Insurance Consulting and Technology business. Forrest most recently served as leader of the UK Life team in WTW’s Insurance Consulting and Technology business, before which he ... Read the full article
InsurTech funding doubles to $1.3bn from previous quarter: WTW
20th December 2018
More than $1.3 billion of InsurTech funding was completed during Q3 2018, double the figure from the previous quarter, according to a report by global brokerage Willis Towers Watson (WTW). While individual investment rounds were larger, WTW says the number of transactions reported actually declined 20% to 57. Q3 saw eight transactions ... Read the full article
Willis Towers Watson responds to outcome of IASB’s IFRS 17 discussions
17th December 2018
The risk advisory and broking firm Willis Towers Watson (WTW) has issued a response to the outcome of the International Accounting Standards Board’s (IASB) discussions regarding potential amendments to IFRS 17, the global accounting standard for insurance contracts, originally scheduled to become effective from 2021. In October 2018 the IASB identified ... Read the full article
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