Reinsurance News

Willis Towers Watson news

Willis Towers Watson news related to the global insurance and reinsurance broker and consultancy.

Aon / WTW believe DOJ leadership unlikely to challenge merger: reports

3rd June 2021

Specialist antitrust and mergers and acquisitions (M&A) publisher, CTFN, has reported that Aon and Willis Towers Watson (WTW) believe that leadership at the US Department of Justice (DOJ) is unlikely to challenge their proposed combination. Reports emerged recently that the DOJ has adopted a dual-track strategy for its review of ... Read the full article

WTW launches Sports & Entertainment Industry Group

3rd June 2021

Willis Towers Watson (WTW) has launched a new Sports & Entertainment Industry Group which will support the WTW global network with Sports & Entertainment (S&E) organisations, to identify, mitigate and transfer risks associated with the sector. Ian Tomlin, who is the Head of Accident and Heath, will lead the new group ... Read the full article

WTW expands broker network in Spain

2nd June 2021

Willis Towers Watson has expanded its broker network in Spain with the addition of two new outfits. The two firms WTW's ‘Networks’ unit has incorporated include Azetek Asesores de Seguros in Vitoria and Correduría Segurcisa in Cádiz. The unit now has four associates in the Basque Country and 11 in Andalusia. There are ... Read the full article

New Zealand extends Aon / WTW merger decision to July

25th May 2021

The New Zealand (NZ) Commerce Commission has failed to reach a decision on whether to approve the merging of Aon and rival Willis Towers Watson (WTW) by its deadline of May 25th, so has extended the date a decision is due by to July 2nd. New Zealand's Commerce Commission had launched ... Read the full article

Re/insurance industry execs support sale of Willis Towers Watson assets: KBW

20th May 2021

Florida and Bermuda insurance and reinsurance industry executives recently expressed "widespread support" for the sale of Willis Re and certain other Willis Towers Watson (WTW) assets to Arthur J. Gallagher (Gallagher), according to analysts at KBW. It was announced last week that Gallagher had agreed a $3.57 billion deal to ... Read the full article

Taiwan FTC approves Aon – Willis Towers Watson merger

19th May 2021

Taiwan's Fair Trade Commission has given its approval to Aon's acquisition of and merging with rival Willis Towers Watson (WTW), saying that it does not feel it will restrict competition in the marketplace. Taiwan's Fair Trade Commission (FTC) is the entity responsible for competition policy and regulation and like so many ... Read the full article

IDF program looks to develop parametric solutions in Colombia

18th May 2021

Public-private partnership the Insurance Development Forum (IDF) has launched a program aimed at developing a parametric flood and earthquake product, as well as an indemnity landslide protection, in Colombian city of Medellín. The project includes participation from IDF members Hannover Re and Willis Towers Watson and t is part of the ... Read the full article

Aon to sell retirement & investment business in Germany as part of EC remedy package

17th May 2021

Aon has agreed to sell its pensions consulting, pension insurance broking, pensions administration and investment consulting business in Germany to Lane Clark & Peacock LLP (LCP), as the global re/insurance broker moves closer to completing its proposed combination with rival Willis Towers Watson (WTW). This latest divestment comes as the brokerage seeks ... Read the full article

Swiss Re helps complete £3.7bn longevity swap deal for Fujitsu

13th May 2021

Global reinsurer Swiss Re has helped transfer risks associated with 9,000 members of Fujitsu's ICL Group Pension Plan, after backing a new £3.7 billion longevity swap deal. By leveraging a Guernsey captive insurance cell, not only was the risk transfer’s pricing optimised, its access to reinsurance capital became more efficient. After the ... Read the full article

Fitch maintains Aon, WTW ratings despite asset divestiture agreement

13th May 2021

Fitch Ratings views Willis Towers Watson’s recently announced divestiture agreement as neutral to the Long-Term Issuer Default Ratings (IDRs) of both itself and Aon. Willis Re and certain other corporate risk, broking and benefits services are all included as part of the companies' attempt to satisfy various regulatory requirements The deal, ... Read the full article

Gallagher to non-disruptively absorb WTW assets, says S&P

13th May 2021

S&P Global Ratings believes Gallagher will successfully and non-disruptively absorb the various businesses it’s set to purchase from Willis Towers Watson, prior to the latter's much-anticipated mega merger with fellow broking powerhouse Aon. The various subsidiaries, being sold to satisfy European Commission competition concerns, include Willis Re, UK specialty, as ... Read the full article

Aon, Willis & Mercer join sustainable investing group

13th May 2021

Fourteen institutional investment consulting firms in the US, including Aon, Willis Towers Watson (WTW) and Mercer, have established a joint working group to advance sustainable investing. Aon Hewitt Investment Consulting, WTW, and Mercer, which forms part of broker Marsh McLennan, will aim to support clients by promoting and improving sustainable investment ... Read the full article

Gallagher’s Willis Re acquisition will expand UK, US and international footprint

13th May 2021

Following Arthur J. Gallagher's agreement to acquire the majority of reinsurance brokerage Willis Re, a Gallagher spokesperson has confirmed that the deal will significantly expand the company's footprint in the UK and the US, and provide it with scale operations in certain key markets. It was announced yesterday that Aon ... Read the full article

Acquisition of WTW assets will ‘accelerate’ Gallagher’s long-term strategy, says CEO

12th May 2021

With global brokerage Arthur J. Gallagher set to acquire certain assets of Willis Towers Watson (WTW), including Willis Re, the company expects to significantly expand its global value proposition in reinsurance as well as its global footprint in other parts of the business. Aon and WTW announced today an agreement ... Read the full article

Aon & WTW agree $3.57bn sale of certain assets to Gallagher

12th May 2021

Global re/insurance brokers Aon and Willis Towers Watson (WTW) have signed a definitive agreement to sell Willis Re and a number of other WTW assets to Arthur J. Gallagher & Co. (Gallagher), for a total consideration of $3.57 billion. The announcement comes as the pair look to satisfy the European Commission's ... Read the full article