Reinsurance News
Willis Towers Watson news
Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.
WTW hires Andrew Krasner as CFO
31st August 2021
Willis Towers Watson has appointed Andrew Krasner as its new Chief Financial Officer (CFO). Krasner returns to Willis Towers Watson after driving financial strategy and performance as the CFO of AssuredPartners. He succeeds Michael Burwell in this role, who will be taking on a senior role in the medical and data analytics ... Read the full article
WTW agrees to acquire Leaderim
27th August 2021
Willis Towers Watson has entered into an initial, non-binding agreement to acquire Leaderim, an insurance broking and consultancy business in Israel. Leaderim offers a broad range of commercial insurance solutions to the Israeli market and has significant experience in creating multinational risk programs, reflecting the large concentration of global companies operating ... Read the full article
Favourable pricing boosts re/insurers in H1 2021: Willis Re
24th August 2021
Favourable pricing for commercial lines business, coupled with rate rises for reinsurance and retail insurance supported premium growth for insurers and reinsurers in the first half of 2021, as underwriting results improved significantly for some, reports broker Willis Re. A recent report by the reinsurance broking arm of Willis Towers Watson ... Read the full article
WTW promotes Kate Mead as Head of Canadian Property & Casualty Broking
20th August 2021
Willis Towers Watson has appointed Kate Mead as its new Head of its Canadian Property & Casualty Broking Team. Previously the company's Practice Leader for the Midwest, Northeast US & Canadian Environmental business, Mead’s focus will be on strengthening both client and insurer relationships in Canada. She will also be expected to ... Read the full article
Tech altering the risk reality for companies post-COVID: WTW
20th August 2021
A new report from re/insurance broker Willis Towers Watson (WTW) has highlighted how emerging technologies are rapidly altering the risk reality for companies across most industries in the wake of the COVID-19 pandemic. The report, which explores how the pandemic has impact the risk landscape for the Technology Media and Telecoms ... Read the full article
WTW promotes Kirsten Beasley to lead Bermuda office
18th August 2021
Global insurance and reinsurance broker, Willis Towers Watson (WTW), has appointed Kirsten Beasley to lead its Bermuda office. Beasley has been WTW’s head of healthcare broking, North America, since 2018 and will now lead a team of 26 in Bermuda. She will focus on Bermuda placements in casualty, property, financial lines, and ... Read the full article
Willis Towers Watson announces Carl Hess as John Haley’s successor
16th August 2021
Global insurance and reinsurance broker, Willis Towers Watson (WTW), has announced that Carl Hess will succeed John Haley as its President and Chief Executive Officer (CEO). Hess, who currently serves as WTW's Head of Investment, Risk and Reinsurance, takes on the role of President immediately, and will succeed Haley as CEO ... Read the full article
CEO Case says Aon has emerged stronger from failed WTW merger: report
16th August 2021
As global insurance and reinsurance broker Aon looks forward after its failed merger with rival Willis Towers Watson (WTW), Chief Executive Officer (CEO) Greg Case has told the Financial Times that the firm has emerged stronger. Aon and WTW decided to terminate their proposed $30 billion combination last month after ... Read the full article
Gallagher to acquire Willis Re’s treaty reinsurance operations
13th August 2021
Arthur J. Gallagher & Co. has announced that it will be acquiring all of Willis Re's treaty reinsurance brokerage operations for an initial gross consideration of $3.25 billion; a figure which could rise by another $750 million dependent on certain third-year revenue targets. After seeing its proposed acquisition of Willis ... Read the full article
WTW appoints Jon Drummond to lead North America broking operations
13th August 2021
Global advisory, broking and solutions company Willis Towers Watson has announced the appointment of Jon Drummond as its new Head of Broking North America. Drummond will be responsible for leading the company’s North America broking operations and strategy, while also driving the transformation of digital broking. He'll be based in Chicago and ... Read the full article
WTW links Ecological forestry to 41% fall in residential insurance premiums
9th August 2021
A new study by global conservation organisation The Nature Conservancy and re/insurance broker Willis Towers Watson has found a 41% decrease in residential insurance premiums when ecological forestry is applied to relevant areas. By modelling the impact on insurance of controlled burning and ecological thinning of overgrown forests, researchers at TNC ... Read the full article
Life and P&C insurers to accelerate automation use over the next five years
5th August 2021
A new survey by Willis Towers Watson suggests global life and property and casualty (P&C) insurers want to improve the efficiency and auditability of their processes and close the gap between their current use of automation and where they aspire to be in five years. The survey quesrtioned life and P&C ... Read the full article
WTW looking at strategic options for Willis Re, confirms CEO Haley
3rd August 2021
John Haley, the Chief Executive Officer (CEO) of global brokerage Willis Towers Watson (WTW), confirmed today that the company is conducting a review of strategic alternatives for its reinsurance arm, Willis Re. Back in May, it was announced that Gallagher had reached an agreement with Aon and WTW to acquire ... Read the full article
WTW reports increased income, revenue for second quarter
3rd August 2021
Re/insurance broker Willis Towers Watson has announced second quarter net income of $186 million, up from the $102 million reported in the prior year period. Revenue was $2.29 billion, an increase of 8% from the $2.11 billion reported a year ago. Adjusted operating income was $409 million, or 17.9% of revenue, an ... Read the full article
Aon could have closed WTW deal, but options unappealing: CEO Case
30th July 2021
Global insurance and reinsurance broker Aon could have completed its now terminated $30 billion combination with Willis Towers Watson (WTW), but the two options proposed to close the deal would have been damaging for the firm, according to its Chief Executive Officer (CEO), Greg Case. Aon released its second-quarter 2021 ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
