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Willis Towers Watson news

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

AJ Gallagher in talks to acquire $3bn portfolio of Aon and WTW assets: Bloomberg

10th May 2021

Global insurance broker Arthur J. Gallagher is in talks with Aon and Willis Towers Watson (WTW) over the potential acquisition of a portfolio of assets, which includes Willis Re, reports Bloomberg. Bloomberg, citing people familiar with the matter, has reported that an agreement could be reached in the coming weeks. According to ... Read the full article

WTW establishes framework to support climate transition plans

4th May 2021

Re/insurance broker Willis Towers Watson (WTW) has announced the launch of Climate Transition Pathways (CTP), an accreditation framework that helps insurers and financial institutions to identify which organisations have transition plans aligned with the Paris Agreement. The CTP governance committee will work with independent third-party groups including Volans, a consultancy responsible ... Read the full article

EC pushes Aon / Willis Towers Watson merger decision date to August

3rd May 2021

The European Commission (EC) has further extended its deadline to come to a final decision on the Aon acquisition of rival broker and consultancy Willis Towers Watson (WTW), pushing the date into August. The European Commission's competition authority has been pouring over a proposed concessions package from Aon, with the insurance ... Read the full article

Willis Towers Watson sees Q1 revenue climb to $2.6bn on organic growth

29th April 2021

Insurance and reinsurance broker Willis Towers Watson (WTW) has reported an encouraging start to the year with total revenue growth of 5% to $2.6 billion, with organic growth of 4% and constant currency growth of 1%. Revenue spiked for the broker in Q1 2021 from the $2.47 billion reported in Q1 ... Read the full article

Aon / WTW combination to gain EU antitrust approval: Reuters

28th April 2021

Sources have told Reuters that re/insurance broker Aon will gain conditional EU antitrust approval for its pending $30 billion mega-merger with Willis Towers Watson (WTW) without having to propose additional concessions. Reuters reported yesterday that the European Commission (EC) was seeking feedback from rivals and customers about who is the most ... Read the full article

EC seeks feedback on potential buyers of Aon / WTW divestments: Reuters

27th April 2021

Following the submission of Aon's package of concessions to the European Commission (EC), as the broker looks to complete its combination with Willis Towers Watson (WTW), EU antitrust regulators are questioning rivals and customers about who is the most suitable buyer, reports Reuters. In a bid to satisfy competition concerns surrounding ... Read the full article

WTW licences Radar Live software to Chubb

26th April 2021

Insurance Consulting and Technology broker Willis Towers Watson has licensed its pricing delivery software Radar Live to Chubb. Radar Live is designed to integrate across multiple channels and provide commercial insurers with increased pace and agility to generate and benefit from ever more sophisticated insights. Chubb will be able to leverage advanced ... Read the full article

Aon – WTW merger review extended by Australian regulator

26th April 2021

Having said that Aon's acquisition of Willis Towers Watson (WTW) could significantly lessen competition in the supply of commercial risk, reinsurance and employee benefits broking and advisory services in Australia, the country's competition regulator has now pushed back the end-date of its review of the deal. Back in February, the ... Read the full article

WTW predicts return to soft cycle as rates decelerate

23rd April 2021

Analysts at Willis Towers Watson (WTW) have said the cyclical nature of pricing in the re/insurance market is set to be “proven again” as prices look ready to decelerate over the coming months. A new report by the broker noted that property rate increases have not been as steep as many ... Read the full article

Aon – WTW: Remedy proposal reportedly submitted to US DOJ

22nd April 2021

It's been reported that Aon has submitted a remedy offer to the US Department of Justice Antitrust Division as it seeks to gain approval for its planned acquisition of rival Willis Towers Watson (WTW) . Earlier this week we reported on the news that an expansion of the divestment package ... Read the full article

Aon / WTW: Reports suggest expansion of divestment to the US needed

20th April 2021

As the saga surrounding the proposed combination of brokers Aon and Willis Towers Watson (WTW) continues, sources suggest that an expansion of the deals divestment package needs to include the U.S. to appease the Department of Justice (DoJ). The mega-merger of rival insurance and reinsurance brokers Aon and WTW has, unsurprisingly, ... Read the full article

Willis Towers Watson commits to net zero by 2050

19th April 2021

Re/insurance broker Willis Towers Watson (WTW) has announced a set of measures aimed at reducing carbon emissions across its business operations, with a target to deliver net zero greenhouse gas emissions by 2050. This includes an interim target for 2030, by which point WTW has committed to achieve at least a ... Read the full article

Willis Towers Watson launches Radar Workbench software

16th April 2021

Re/insurance broker Willis Towers Watson (WTW) has launched Radar Workbench, new software technology designed to support the decision-making of frontline underwriters. The product works by harnessing a range of internal and external data assets to deliver contextual analysis with the aim of improving pricing and claims reserving accuracy. With Radar Workbench, WTW ... Read the full article

Energy industry faces changes in risk landscape: WTW

15th April 2021

According to a recent report by global re/insurance broker Willis Towers Watson, the energy industry faces change in its risk landscape due to the continuing effects of climate change. At the launch of its annual Energy Market Review, Willis Tower Watson's report outlined how the global energy system is currently being ... Read the full article

Aon / WTW EC remedy doesn’t address needs outside Europe: Report

14th April 2021

Divestment proposals reportedly offered by Aon to the European Commission (EC), designed to secure EU antitrust approval for its proposed merger with Willis Towers Watson (WTW), do not address competition concerns elsewhere in the world. As a result, the insurance and reinsurance broker could be forced to come up with other ... Read the full article