Reinsurance News
Willis Towers Watson news
Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
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
Revenues up at Willis Towers Watson as all segments perform in Q3
2nd November 2018
Global insurance and reinsurance broker Willis Towers Watson (WTW) has reported its results for the third-quarter of 2018, which includes an increase in net income of $139 million and organic revenue growth of 5%. Reported revenue increased 3% to $1.9 billion when compared with the same period in 2017, and net ... Read the full article
Willis Towers Watson names Sales Leader for Corporate Risk & Broking GB Retail business
2nd November 2018
Global insurance and reinsurance broker Willis Towers Watson has hired Adrian Willmott, formerly of Marsh, as Sales Leader of its Corporate Risk & Broking GB Retail business. Willmott will ... Read the full article
Willis Towers Watson’s LifeSight outlines new ESG investment strategy
1st November 2018
LifeSight, Willis Towers Watson’s (WTW) UK defined contribution (DC) master trust, has outlined a new Environmental, Social & Governance (ESG) investment strategy, which will see it allocate around half of the Equity investments within the default fund to ESG issues by Q4 2018. WTW said that this is the first master ... Read the full article
Global re/insurance M&A deal value hits $42bn, highest since financial crisis
31st October 2018
A “slew of megadeals" have pushed the deal value of global re/insurance mergers and acquisitions to $42 billion (€37 billion) in the first half of 2018, the highest since the financial crisis, according to a new report from Willis Towers Watson and Mergermarket. Indeed, this past week has seen a succession ... Read the full article
WTW research arm renews partnership with Global Earthquake Model Foundation
29th October 2018
Willis Research Network (WRN), the research arm of the Willis Towers Watson, has renewed its partnership with the Global Earthquake Model (GEM) foundation, a company aimed at the establishment of uniform and open standards for calculating and communicating earthquake risk worldwide. Karl Jones, Head of Catastrophe Analytics, Willis Re International, stated ... Read the full article
Reinsurance products backed by alternative capital have become mainstream: WTW
22nd October 2018
End investors, Insurance Linked Securities (ILS) funds, and buyers – the three groups active in ILS – have mostly weathered last year’s substantial loss activity with a view that reinsurance products backed by alternative capital have become mainstream, according to a new survey by Willis Towers Watson. In fact, the 2017 ... Read the full article
Willis Towers Watson establishes new claims resolutions team
17th October 2018
Global insurance and reinsurance broker Willis Towers Watson has established a new Resolutions team to support financial recovery efforts related to its clients’ most significant, complex and contested insurance claims. Willis Towers Watson said that the team will extend its traditional claim advocacy services into the dispute resolution arena to provide ... Read the full article
WTW appoints Allianz’s Elke Vagenende as Head of FINEX, Western Europe
12th October 2018
Global insurance and reinsurance broker, Willis Towers Watson, has appointed Elke Vagenende Head of its Western Europe region for FINEX, a division that focuses on financial, executive and professional risks. Vagenende, who brings over 20 years’ industry experience to the London-based role, previously served as Head of Market Management, UK, with ... Read the full article