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Willis Towers Watson news
Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
WTW adds Bill Creedon as Construction Industry leader, North America
14th December 2018
Global re/insurance broker Willis Towers Watson has announced the appointment of Bill Creedon as Construction Industry leader, North America, within its Corporate Risk and Broking segment. Creedon holds 30 years’ experience in the insurance and construction risk industry and has previously spent 20 years with WTW in a range of national ... Read the full article
Bulk annuities to reach £30bn in 2019: Willis Towers Watson
13th December 2018
The bulk annuity market in 2019 is set to show further strong growth, with deals expected to top £30 billion over the course of the year, according to Willis Towers Watson. Key themes the firm has said to look out for in 2019 include a doubling to over £10 billion in ... Read the full article
U.S commercial insurance prices continue to rise over Q3, finds WTW
12th December 2018
Commercial insurance prices in the U.S increased by 2% over the third quarter of 2018, according to re/insurance broker Willis Towers Watson’s (WTW) Commercial Lines Insurance Pricing Survey (CLIPS). The survey established that prices rose materially in commercial auto, commercial property and excess/umbrella liability for a second consecutive quarter. Price changes ... Read the full article
WTW launches latest version of Radar software platform
11th December 2018
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. WTW says Radar 4.2 gives insurers a future-proofed solution designed to achieve agile, sophisticated pricing, and a new level of ... Read the full article
WTW makes senior appointments to London Market P&C arm
11th December 2018
Global insurance and reinsurance broker Willis Towers Watson (WTW) has announced the appointments of Tom Rowley as Senior Vice President (SVP) for North American Property and Matt Harvey as SVP for International Property. Both appointments will sit within the Property & Casualty (P&C) Centre of Excellence (CoE), which is responsible for ... Read the full article
WTW’s ResQ software to help insurers implement IFRS17
29th November 2018
Global re/insurance broker Willis Towers Watson is to launch new software in early 2019 aimed at helping businesses implement IFRS17, one of the most significant and complex changes to insurance accounting requirements in over 20 years. When launched, ResQ Financial Reporter will provide insurers with a framework to generate financial statements ... Read the full article
Oasis LMF, Nat Re and WTW to collaborate on new Philippines flood model
28th November 2018
Oasis Loss Modelling Framework (Oasis LMF) is to develop a new open-access catastrophe model for flood in the Philippines in collaboration with the National Reinsurance Corporation of the Philippines (Nat Re) and re/insurance broker Willis Towers Watson (WTW). The two-year project, called the ‘Oasis Platform for Catastrophe and Climate Change Risk ... Read the full article
Downstream energy sector to see turnaround after years of losses: WTW
23rd November 2018
Price increases in the downstream energy re/insurance sector are now inevitable after years of unprofitable returns and major losses, according to re/insurance broker Willis Towers Watson (WTW). The November 2018 edition of the firm’s Energy Market Review noted that 2017 was the second worst underwriting year on record for the sector ... Read the full article
Upstream energy sector remains profitable, but rate reductions unlikely: WTW
22nd November 2018
The upstream energy re/insurance sector looks set to continue its profitable trend in 2018, although insurers are reluctant to implement any further rate reductions as this fragile dynamic could be reversed by only a modest upturn in claims, according to re/insurance broker Willis Towers Watson (WTW). The November 2018 edition of ... Read the full article
Willis Towers Watson appoints Senior Director for Consulting and Technology
20th November 2018
Global insurance and reinsurance broker Willis Towers Watson (WTW) has expanded its analytics and digital transformation team with the appointment of Iain Whittingham as a Senior Director in the company’s Insurance Consulting and Technology business. Whittingham joins WTW from FTI Consulting, where he most recently served as Managing Director for Global ... Read the full article
Willis Towers Watson launches cyber solution for airports
19th November 2018
Global insurance and reinsurance broker, Willis Towers Watson (WTW), has announced the launch of a new innovative cyber solution for airports, called CyFly for Airports. The constantly evolving and growing cyber threat has seen cyber and digital risks become a top concern for the airports of today. In response, WTW has ... Read the full article
Willis Towers Watson opens new operations in Kazakhstan
16th November 2018
Global insurance and reinsurance broker Willis Towers Watson (WTW) is targeting market growth in Kazakhstan with the launch of a new operation to serve clients in the country. The broker had previously operated in Kazakhstan through a smaller representative office, but recent regulatory approval now allows it to conduct insurance and ... Read the full article
Willis Towers Watson welcomes IFRS 17 delay
15th November 2018
Global insurance and reinsurance broker Willis Towers Watson welcomes this week’s decision by the International Accounting Standards Board (IASB) to introduce a one-year deferral of the mandatory effective date for the International Financial Reporting Standards (IFRS17) to 1 January 2022. The new accounting standard had originally been planned for 1 ... Read the full article
WTW launches claims benchmarking solution
15th November 2018
Global re/insurance broker Willis Towers Watson has announced the launch of Claim Metrics, a bespoke claims benchmarking solution for UK personal lines insurers. WTW says the service provides claims leaders with a tool for identifying performance improvements, as well as offering underwriters, pricing teams, actuaries and senior management vital insights into profitability ... Read the full article
Willis Towers Watson extends pricing software to telematics start-up Ticker
12th November 2018
Global insurance and reinsurance broker Willis Towers Watson (WTW) is supplying the latest version of its Radar pricing software to Ticker, a new telematics insurer due to launch in early 2019. WTW said that its Radar Live and Radar Base solutions will enable Ticker to deliver more accurate decisions in pricing ... Read the full article
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