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Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
Global rise in political risk exposures, WTW survey finds
25th September 2018
A survey of senior executives from 40 leading firms across multiple industry sectors, conducted by Oxford Analytica for re/insurance broker Willis Towers Watson, has reported a global rise in risk exposures as a result from geopolitical tensions. 55% of organisations with revenues greater than $1 billion reported at least one political ... Read the full article
Willis Towers Watson develops geopolitical risk policy for cargo
21st September 2018
Insurance and reinsurance broker Willis Towers Watson has developed a new policy solution for the cargo market that provides protection for exposure to geopolitical risk. Cargo Undercover will minimise potential gaps in coverage and the likelihood of claims disputes, Willis Towers Watson said, as well as removing the need to establish ... Read the full article
InsurTech deal count up but investment volume down at Q2: Willis Towers Watson
20th September 2018
The second quarter of 2018 marked a record high for InsurTech deals as a total of 71 funding transactions took place, although the collective investment value of $579 million was down 20% against the prior quarter, according to re/insurance broker Willis Towers Watson. The broker’s Quarterly InsurTech Briefing, produced in collaboration ... Read the full article
Willis Towers Watson develops new multi-peril property loss modelling tool
19th September 2018
Insurance and reinsurance broker Willis Towers Watson has developed a new technology platform to help organisations analyse potential property losses, called Property Quantified. Set to be launched during the RIMS Canada 2018 Conference on September 23, the Property Quantified platform will enable clients analyse losses across a global portfolio and optimise ... Read the full article
Willis Towers Watson to work with Cloud Constellation satellite system
13th September 2018
Willis Towers Watson has announced that its space industry specialist division, Inspace, has been appointed as an exclusive risk advisory and insurance broker to Cloud Constellation Corporation and SpaceBelt, a system of eight low earth orbit satellites (LEO) that offer space-based secure data storage and services. The appointment will see Inspace ... Read the full article
U.S. commercial insurance prices up in Q2: Willis Towers Watson
12th September 2018
According to insurance and reinsurance broker Willis Towers Watson's Commercial Lines Insurance Pricing Survey, commercial insurance prices in the U.S. in Q2 2018 increased by almost 3%. The broker states that price changes of this level have not been reported for almost four years, with price changes for most lines being higher ... Read the full article
One third of Defined Benefit schemes now targeting buyout: Willis Towers Watson
7th September 2018
One third (32%) of Defined Benefit (DB) pension scheme trustees are now targeting a buyout with an insurer, with a further 5% aiming to run the scheme off over time with a buyout-like level of funding, according to re/insurance broker Willis Towers Watson (WTW). It found that the remainder of DB ... Read the full article
2018 set to be record year for pension de-risking: Willis Towers Watson
14th August 2018
2018 is on course to be a record year for buy-in, buyout, and longevity swap transactions by defined benefit pension funds, with more than £10 billion of transactions having already been completed at the end of June, according to a report by re/insurance broker Willis Towers Watson (WTW). The total value ... Read the full article
Property cat reinsurers “untenable” without alternative capital: WTW
13th August 2018
Re/insurance broker Willis Towers Watson (WTW) has suggested that it may now be “essentially untenable” for property catastrophe reinsurers to rely solely on equity without some access to alternative capital, as the insurance-linked securities (ILS) market sees a surge in activity over 2018. WTW’s Q2 ILS Market Update report observed that ... Read the full article
Companies underestimate rising intellectual property losses: WTW
6th August 2018
Multinational companies are falling short in managing the financial impact of their intellectual property (IP) risks as global trends point towards an increase in the frequency and severity of IP litigation, according to a new report by broker Willis Towers Watson (WTW). WTW attributed the cause of rising IP litigation costs ... Read the full article
Cybersecurity liability primary concern among U.S. D&Os: Willis
30th July 2018
Cybersecurity liability emerged as the biggest perceived risk in the coming year (80%) among U.S. directors and officers (D&O) surveyed by Willis Towers Watson, ahead of claims by employees (55%), and regulatory and enforcement (48%). 55% of respondents said that their organisation had experienced a lawsuit or demand by a current ... Read the full article
Trustees wary of defined benefit pension consolidation: Willis Towers Watson
24th July 2018
Over a third of pension scheme trustees believe consolidating defined benefit (DB) pensions into a pension ‘super fund’ would appeal to corporate sponsors, but only a quarter would feel comfortable judging whether such a move would make sense, according to Willis Towers Watson. This kind of DB consolidation would allow employers ... Read the full article
Willis Towers Watson strengthens Facultative team in France
23rd July 2018
Willis Towers Watson (WTW) has announced that it has reinforced its existing Facultative (Fac) Reinsurance business in France by establishing an independent and dedicated team of three specialists based in Paris. The new Fac team will operate under the Gras Savoye Facultative brand as part of WTW's Global Fac business, and ... Read the full article
Willis extends CEO John Haley’s contract to 2021
19th July 2018
Global re/insurance broker Willis Towers Watson has extended the contract of its long-serving Chief Executive Officer (CEO), John Haley, until January 1, 2021. “We are pleased to retain John Haley’s leadership as CEO of Willis Towers Watson,” said James McCann, chairman of the Board, Willis Towers Watson. “Over the last several years, ... Read the full article
Willis launches CyCon, a new cyber solution for the construction industry
13th July 2018
Re/insurance broker Willis Towers Watson has announced the launch of its CyCon cyber insurance solution, having concluding that cyber attacks and the failure of IT systems rank among the top risks facing the construction industry. While the construction sector has continued to embrace and integrate more sophisticated technologies for project design, ... Read the full article
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