Reinsurance News
Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
24th July 2017
Willis Towers Watson has released its second quarterly InsurTech Briefing, revealing a stark increase of 248%, or nearly $1 billion in InsurTech investment from the first quarter and pointing to insurance claims management streamlining as the biggest opportunity for reinsurers. The 2017 second quarter (Q2) was characterised by a record number of transactions ... Read the full article
13th July 2017
Global insurance and reinsurance broker, Willis Towers Watson, has hired Stephanie Pariot as a Divisional Director within its Financial Solutions Division, which is part of the firm's Global Financial Lines and Corporate Risk and Broking unit. Pariot joins Willis Towers Watson with more than a decade of investment banking experience, having ... Read the full article
10th July 2017
Willis Towers Watson has acquired a 49% stake in Indian composite insurance broker Almondz, the joint venture will combine Willis' global network and expertise with Almondz' local reach and clientele. Almondz serves clients across a broad range of industries and sectors with nine offices throughout the country and over 300 associates. Almondz ... Read the full article
10th July 2017
Global insurance and reinsurance brokerage, Willis Towers Watson (WTW), has named James Jackson Head of FINEX Financial Institutions (FI) for Great Britain (GB), succeeding Dr. Paul Search. WTW's FINEX business is part of its Corporate Risk and Broking division, and acts as the broker's financial, executive and professional risk specialty group. Jackson ... Read the full article
4th July 2017
While InsurTech expands data volume through providing a personalised link to clients, Artificial Intelligence will amplify the value of data sets by extracting more information, generating insights, and analysing and recognising patterns far beyond the capabilities of human intelligence. The use of InsurTech coupled with Artificial Intelligence is reshaping the meaning and ... Read the full article
30th June 2017
Reinsurance broker Willis Re, part of the Willis Towers Watson group, has appointed Brian Ingle to be the new head of Analytics for the Willis Re North America division. The appointment comes as a result of the appointment of previous analytics head Alice Underwood to become global head of Willis Towers ... Read the full article
21st June 2017
Willis Towers Watson has announced the appointment of Gavin Hill as Senior Consultant of its Risk Consulting & Software business. Hill joins Willis from a role as Senior Technical Specialist at the Prudential Regulatory Authority (PRA) for the Bank of England where he played a leading role in the PRA’s supervisory team, developing extensive ... Read the full article
20th June 2017
International insurance and reinsurance brokerage Willis Towers Watson has bolstered its Corporate Risk and Broking (CRB) division in North America, with a number of new appointments. Alex Littlejohn has been named CRB West region leader, and will also serve as the CRB market leader in San Francisco. She joined the firm ... Read the full article
16th June 2017
Willis Towers Watson reinsurance risk management specialist, Pete Thomas, has cautioned reinsurers to review casualty catastrophe treaties in light of administration changes. He said experience has proven that when big changes are evident in society, they have a significant knock-on effect on how effective and comprehensive coverage against political and social risk, ... Read the full article
16th June 2017
The so-called human element of the cyber equation, employees' understanding of cyber risk, was ranked by 79% of U.S. employees as the biggest barrier to firms' cyber risk management in a recent Willis Towers Watson survey. The survey revealed a massive disparity between firms' beliefs about their level of protection, and ... Read the full article
14th June 2017
Willis Towers Watson’s most recent U.S. Commercial Lines Insurance Pricing Survey (CLIPS) shows commercial lines have remained mostly flat or shown very modest change, but auto lines remain the stand out business segment with significant price hikes. After comparing 2017 first quarter prices with those from the same period last year, the CLIPS ... Read the full article
14th June 2017
Insurance and reinsurance broking group Willis Towers Watson has restructured the leadership of its Corporate Risk and Broking business, in an effort to better align itself with client needs and to better manage their risks. The team is led by Philip Smaje, Global Head of Broking, and consists of broking leaders ... Read the full article
8th June 2017
Willis Re and Willis Towers Watson consultants acted as brokers and actuarial advisors in the recently completed Zurich Insurance Group subsidiary, Farmers New World Life (FNWL), and Reinsurance Group of America (RGA) agreement to reinsure roughly $2.3 billion reserves from its closed U.S. annuity book. To ensure a full bidding process, FNWL said it ... Read the full article
8th June 2017
Willis Towers Watson has announced the appointment of Alice Underwood to global head of its Risk Consulting and Software (RCS) business. Underwood joins the RCS team from Willis Re, where she led the North America analytics team and was a member of the global leadership team. Commenting on Underwood's appointment, Carl Hess, ... Read the full article
2nd June 2017
Insurance and reinsurance broker Willis Towers Watson has entered into an agreement with Roost - innovator in smart home technology - to establish a Home Telematics Consortium with 5-10 U.S. insurance carriers to help connect property insurers to the Internet of Things. The aim of the consortium is to combine household ... Read the full article
