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Willis Towers Watson news
Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
Willis partners with MAR Fund on parametric reef insurance project
12th July 2018
Global re/insurance broker Willis Towers Watson has announced a partnership with the Mesoamerican Reef Fund to develop and implement an insurance model for reefs across seven sites in the four countries of the MAR Region: Mexico, Belize, Guatemala and Honduras. Through its Global Ecosystem Resilience Facility, Willis plans to develop parametric reef ... Read the full article
Reinsurance increasingly used for earnings protection and volatility reduction: Willis
9th July 2018
According to a survey by global insurance and reinsurance broker, Willis Towers Watson, insurers are increasingly leveraging reinsurance for earnings protection and volatility reduction. Driven by pressure from investors, the survey indicates that insurers are becoming less tolerant of missed earnings targets. Subsequently, they are moving to more sophisticated metrics, such ... Read the full article
Willis appoints Jeremy Wall as Head of Global FINEX
5th July 2018
Global re/insurance broker Willis Towers Watson (WTW) has announced the appointment of Jeremy Wall as Head of Global FINEX. FINEX is part of WTW’s Corporate Risk and Broking division, and acts as the broker’s financial, executive and professional risk specialty group. “I am delighted to be able to appoint Jeremy as Head ... Read the full article
Willis Towers Watson CEO eyes new deals
25th June 2018
Willis Towers Watson's Chief Executive Officer (CEO), John Haley, has told the Financial Times he is considering taking on new deals, three years after an $18 billion merger created the Company. It was in 2015 that Willis merged with Towers Watson and came shortly after Willis had purchased French broker Gras ... Read the full article
Willis Towers Watson announces £85mn pension scheme buy-in deal
21st June 2018
Willis Towers Watson has announced a two-tranche, £85 million buy-in deal for the Aliaxis UK Defined Benefit Pension Scheme by London-headquartered Just Group. Willis Towers Watson advised the Trustees of Aliaxis UK on the buy-in transaction structured across two tranches of pensions in payment. The initial tranche, worth approximately £35 million, was ... Read the full article
U.S commercial insurance prices see slight increase at Q1 2018: Willis Towers Watson
13th June 2018
Commercial insurance prices in the U.S saw modest growth in the first quarter of 2018, with increases exceeding 1% for the first time in nearly three years, according to broking and solutions company Willis Towers Watson. The company’s Commercial Lines Insurance Pricing Survey (CLIPS) compared prices charged on policies written during ... Read the full article
Willis Towers Watson’s Asia Pacific practice secures accreditation
6th June 2018
Global re/insurance broker Willis Towers Watson (WTW) has secured accreditation under the Quality Assurance Scheme (QAS) by the Institute and Faculty of Actuaries (IFoA) for its Insurance Consulting and Technology (ICT) business in Hong Kong, Singapore, Malaysia and Indonesia. Accreditation by the IFoA bolsters ICT’s reputation and ensures the company provides ... Read the full article
Willis praises revolutionary Insurwave blockchain platform
5th June 2018
Insurance and reinsurance broker Willis Towers Watson has described the recently launched Insurwave, a blockchain platform to support marine hull insurance, as a "game changer", urging carriers and brokers to adopt the technology. In May 2018, EY, Guardtime, A.P. Møller-Maersk, Microsoft, Willis Towers Watson, XL Catlin, MS Amlin and ACORD announced that members of ... Read the full article
Willis Towers Watson the majority investor in insurtech Innovisk Capital Partners
1st June 2018
Innovisk Capital Partners, a new global InsurTech start-up that aims to address both the current and future fundamental changes in the insurance sector has been established, with insurance and reinsurance broker Willis Towers Watson as the majority investor. The new InsurTech partnership has been launched with technology, data and modelling core ... Read the full article
Willis Towers Watson names head of Consulting and Technology for Asia Pacific
30th May 2018
Willis Towers Watson has named Ken Brown as Leader of its Insurance Consulting and Technology (ICT) business in Asia Pacific, and has appointed Oi San Choo to replace Brown as Divisional Leader for ICT South Asia and Emerging Markets. Both will be based in Singapore. Brown has over 30 years’ industry ... Read the full article
InsurTech investment deals reach record high: Willis Towers Watson
23rd May 2018
InsurTech investments have continued to grow, with a record-breaking 66 investment deals worth a total of $724 million recorded during the first quarter of 2018, according to the latest quarterly report from re/insurance broker Willis Towers Watson and CB Insights. Q1 2018 investment volume was only 16% greater than the $624 ... Read the full article
Fred Abbott appointed to lead Willis Tower Watson’s Northern California market
22nd May 2018
Global advisory, broking and solutions company Willis Towers Watson (WTW) has announced the appointment of Fred Abbott as their new Market Leader for Northern California. Abbott has held several geography and business segment leadership roles in the U.S. and Canada during his Willis Towers Watson career. Most recently he led the ... Read the full article
Global insurance broker Willis Tower Watson granted full license in China
15th May 2018
First-of-its-kind deal provides Willis Tower Watson (WTW) with the same license as domestic brokers. China’s Banking Insurance Regulatory Commission (CBIRC) has approved leading global advisory, broking and solutions company WTW to become the first foreign broker to be allowed a full license over all insurance business within ... Read the full article
WTW adds machine learning to updated Radar 4.0 pricing tool
14th May 2018
Willis Towers Watson has launched a new version of its Radar pricing software, a product pricing and portfolio management decision tool for re/insurance companies. Radar 4.0 will for the first time utilise a machine learning technique to allow users to build Gradient Boosting Machines (GBMs), and will support the development of ... Read the full article
U.S P&C re/insurers striving to better harness data: Willis Towers Watson
14th May 2018
Willis Towers Watson has reported that harnessing advanced analytics and emerging data sources is becoming an increasingly vital concern for leading U.S Property and Casualty (P&C) re/insurers. In a recent survey, Willis questioned 51 U.S P&C re/insurers, finding that customer experience, claims management, telematics data for pricing, and customer selection and ... Read the full article
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