Reinsurance News
Willis Towers Watson news
Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
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
Willis names Gianmarco Tosti country head of Italy
16th October 2017
International insurance and reinsurance industry broker, Willis Towers Watson, has named Gianmarco Tosti as the firm's new country head of Italy, effective January 1st, 2018. Tosti will based in Milan, and will assume the role as Head of Corporate Risk and Broking for Italy, and replaces Guido de Spirit, who is to ... Read the full article
Willis Towers Watson in string of senior appointments to expand broking platform
5th October 2017
Willis Towers Watson has announced a string of senior appointments in its North America Corporate Risk and Broking (CRB) business, as part of its broking platform expansion plans. Sandie Mullen has been appointed to head of Life Sciences and Pharmaceutical Casualty Broking after joining Willis Towers Watson from RT Specialty where she ... Read the full article
Willis Towers Watson launches facultative reinsurance push in Europe
4th October 2017
Insurance and reinsurance broker and advisory Willis Towers Watson is launching a new push into the German-speaking DACH region of Europe, with the establishment of a facultative reinsurance hub. The company said that it is targeting facultative reinsurance business across Germany, Austria, and Switzerland with the new hub, and has appointed ... Read the full article
Willis appoints Martin Hiller to Head of International Construction
18th September 2017
Willis Towers Watson has named Martin Hiller, who joins from JLT, as Head of International Construction of its Corporate Risk and Broking unit. Hiller will lead client management, technical, placement and risk management specialists to support Willis Towers Watson construction clients in risk mitigation, reporting to Alex Clayton, CEO of Construction. Alastair Swift, ... Read the full article
Reinsurance use “at an absolute inflexion point” – Rowan Douglas at RVS
13th September 2017
Speaking at the Insurance Development Forum panel debate on confronting global underinsurance amid heightened global risks, at the 2017 Rendezvous de Septembre (RVS), Rowan Douglas, CEO of Capital Science and Policy, Willis Towers Watson, said the industry is at a turning point that could revolutionise the use of re/insurance in the ... Read the full article
Willis names corporate risk & broking leader for Metro D.C./Chesapeake
22nd August 2017
Global insurance and reinsurance broker, Willis Towers Watson, has named Ken Smith Corporate Risk and Broking (CRB) market leader for the firm's Metro D.C./ Chesapeake market. Smith joins the firm from Marsh USA, where he was most recently leader of the company's Cincinnati, Columbus and Louisville business, and where he held a number of ... Read the full article
Willis Towers Watson hires CFO replacement Burwell from PwC
21st August 2017
Global advisory, insurance and reinsurance broking specialist Willis Towers Watson has named Michael “Mike” J. Burwell as its new Chief Financial Officer, to replace the outgoing Roger Millay who retires on October 2nd 2017. Burwell has 31 years of finance and professional services experience gained at PwC, holding a number of ... Read the full article
Digital tech revolution could increase casualty catastrophe risk
17th August 2017
Casualty catastrophe reinsurers could be hit with higher claims costs as legislation for software and app manufacturers evolves to shift the focus onto consumer contractual protections in coming years. Willis Towers Watson's Pete Thomas, Reinsurance and risk management expert, warned of the potential impact to reinsurers of expected upcoming legislative changes ... Read the full article