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Willis Towers Watson news
Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
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
Willis Re’s PRISM-Re tool upgraded to include silent cyber
8th January 2018
PRISM-Re, the cyber risk portfolio modelling tool from reinsurance broker Willis Re, has been upgraded to now include silent cyber, providing insurers and reinsurers with a more comprehensive view of cyber exposures. Willis Re, the global reinsurance arm of insurance and reinsurance brokerage Willis Towers Watson, first launched PRISM-Re in February ... Read the full article
Alberto Gallego named Head of Iberia, Willis Towers Watson
21st December 2017
International insurance and reinsurance brokerage, Willis Towers Watson, has announced the appointment of Alberto Gallego as its new Head of Iberia, effective January 1st, 2018. Gallego will be based in Madrid and will lead the business in both Spain and Portugal. He joined Willis Towers Watson in 1990 and has held ... Read the full article
U.S. commercial insurance prices remain flat in Q3
20th December 2017
U.S. commercial insurance prices have remained nearly flat during the third quarter - continuing a trend of moderate price increases since 2013, according to Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS). Q3 become the ninth consecutive quarter in which the industry has seen price changes at less than 1%, ... Read the full article
Brand strength to drive re/insurance M&As in digital age: Willis Towers Watson
16th November 2017
Brand strength is expected to be the strongest driver of M&A deals over the next three years, reflecting the re/insurance industry’s transition to digital sales, which require a strong, recognizable brand, according to a survey by Willis Towers Watson and Mergermarket. The survey shows the most powerful motivation for undertaking an ... Read the full article
Willis Towers Watson appoints Evariste Yeung Head of P&C, North Asia
6th November 2017
Global insurance and reinsurance broker, Willis Towers Watson (WTW), has named Evariste Yeung as Head of Property and Casualty (P&C), North Asia, effective 25th September, 2017. Yeung is based in Shanghai and reports to Managing Director of WTW's Insurance Consulting and Technology business in Asia-Pacific, Richard Collis. In his newly created position, ... Read the full article
Insurers participating in M&A activity in 2016 underperformed: Willis
17th October 2017
Insurers undertaking M&As underperformed their non-acquisitive counterparts last year as megadeals, political instability and strong equity markets impacted carriers' transactions, according to Willis Towers Watson's Insurance M&A Performance Tracker. Acquirers lagged behind the Willis performance index by 6.4 % in the six month period before the deal’s announcement to the six ... Read the full article
Willis appoints Neil Irwin to leader of CEEMEA
17th October 2017
Willis Towers Watson has appointed industry veteran Neil Irwin to a Dubai-based role as leader of the Central and Eastern Europe, Middle East, and Africa (CEEMEA) region. In his new role, he will assume leadership of a diverse and high-growth region with around 2,300 colleagues in more than 40 countries, as ... Read the full article
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