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Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
U.S. commercial insurance prices show modest increase in Q4: Willis
13th March 2018
A survey by Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS) has revealed a slight increase in U.S commercial insurance prices in the fourth quarter of 2017, compared with the previous year. The survey found that price changes continued to average less than 1% for the 10th consecutive quarter, following ... Read the full article
Willis Towers Watson appoints Paul Bailie to lead Bermuda captive business
12th March 2018
Insurance and reinsurance broker Willis Towers Watson has announced the appointment of Paul Bailie as head of its Bermuda Captive practice, set to lead business development and delivery of the company’s value proposition and provide strategic guidance to Bermuda captive and insurance management clients. Bailie will report to Paul Owens, managing ... Read the full article
Willis launches re/insurance industry’s first Global Ecosystem Resilience Facility
9th March 2018
Willis Towers Watson has launched its newly developed Global Ecosystem Resilience Facility (GERF), the first global insurance facility to support the resilience of ecosystems with innovative finance and risk management solutions. Launched by Chief Executive Officer (CEO) John Haley at the Economist’s World Ocean Summit in Mexico, the GERF will provide ... Read the full article
Willis Towers Watson appoints Belgium Corporate Risk & Broking Head
8th March 2018
Willis Towers Watson has named Edward Bonsel as Head of Corporate Risk & Broking (CRB) in the firm's Belgium branch. In his new role Bonsel will be in charge of all CRB activities in Belgium with a focus on contributing to industry-specific insights that support the CRB Business in Belgium in ... Read the full article
Willis Towers Watson launches cyber solution for aviation industry
27th February 2018
Willis Towers Watson has launched a tailored cyber insurance solution for the general aviation industry, Willis Towers Watson Aerospace Cyber Guard. The product is available to North American-based general aviation companies, including charter operators, tour operators, flying clubs, flight schools, fixed-based operators, maintenance repair operators, small aviation-related manufacturing and fleet management ... Read the full article
UK insurers seek to improve portfolio quality following challenging renewals
26th February 2018
Although the UK insurance market place remains strongly capitalised, insurers are seeking to improve the overall quality and risk-adequacy of their portfolio in an environment where rate increases following record losses in 2017 often failed to materialise as expected beyond loss-affected lines, according to Willis' 2018 market place realities report. Clyde ... Read the full article
Asia to be a driver of InsurTech and re/insurance growth: Willis Towers Watson
23rd February 2018
As one of the largest underdeveloped re/insurance markets globally Asia remains a key growth region with demand forecast to grow as natural catastrophes become more frequent and intense. Willis Towers Watson’s second annual Asia Insurance Market report highlighted the potential for Asia to become an InsurTech hub and drive global re/insurance ... Read the full article
Willis appoints Dominique Lebel to head up Americas ICT Life unit
16th February 2018
Willis Towers Watson has announced the appointment of Dominique Lebel to lead its Insurance Consulting and Technology (ICT) Life business for the Americas, effective from March 1st, 2018. In his new role, Lebel will head up the company’s consulting services and software solutions for life insurers in the Americas and will ... Read the full article
U.S. property insurers’ hopes for double-digit rate hikes dampened: Willis
15th February 2018
U.S. property insurers' hopes for double-digit rate hikes on catastrophe-exposed insurance programmes following 2017’s record natural catastrophe-related losses could be dampened, as an abundance of both traditional and alternative capital continues to flood the market and weaken the potential for widespread market firming, according to Willis Towers Watson. In a U.S. property ... Read the full article
Willis Towers Watson names Tim Rees as new cyber leader
5th February 2018
Willis Towers Watson has expanded its UK cyber unit with the appointment of Tim Rees as Client Engagement and Strategy Leader for the UK Cyber Risk Solutions business. Based in London and reporting to Anthony Dagostino, Global Head of Cyber Risk, Rees will be responsible for developing the firm's integrated approach ... Read the full article
Re/insurers set records for 2017 InsurTech investment
1st February 2018
2017 was a record-setting year for private technology investments by re/insurers, which are leading the way in InsurTech investment after significantly increasing their activity in the market in Q4 2017, according to the fourth Quarterly InsurTech Briefing from Willis Towers Watson in collaboration with CB Insights. Re/insurers have expanded their focus ... Read the full article
2018 could see a “brutal battle” between alternative & traditional reinsurance: Willis
29th January 2018
Alternative reinsurance capital continues to expand, with non-life insurance-linked securities (ILS) capital reaching $88 billion at year-end 2017. And with growth expected to continue, there could be a "brutal battle" between ILS and traditional capacity, according to Willis Towers Watson Securities. Data from capital markets and insurance-linked securities (ILS) brokerage unit, ... Read the full article
Willis appoints Alex Steele & Russell Nicholson to Guernsey Financial Institutions Practice
15th January 2018
Willis Towers Watson has announced the appointment of Alex Steele and Russell Nicholson to their Guernsey Financial Institutions practice. Steele and Nicholson will assume joint responsibility for Client Relationships in Guernsey, while Anthony Kay will undertake the same role in Jersey. Chris Jackson, Global Head of FINEX FI Middle Market commented on ... Read the full article
Willis Towers Watson names Patrick Murphy as Global Head of Cargo & Specie
10th January 2018
Willis Towers Watson has named Patrick Murphy, who joins from a role as Global Marine Practice Leader at Integro, as Global Head of Cargo and Specie within its Marine Corporate Risk and Broking Division. Murphy will lead client management, technical, placement and risk management specialists, supporting Willis Towers Watson marine clients in risk ... Read the full article
Willis names Louise Pennington large account leader, Corporate Risk & Broking
9th January 2018
Global insurance and reinsurance industry brokerage, Willis Towers Watson, has announced the appointment of Louise Pennington to a newly created role, as large account leader for its Corporate Risk and Broking segment. In her new role, Pennington will take responsibility for the firm's large account growth strategy and value proposition, and ... Read the full article
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