Reinsurance News


Role for insurance in Loss and Damage fund, but caution needed: Young, WTW

8th December 2023

The insurance industry needs to be cautious about how it positions itself to support the now operational Loss and Damage fund and not over promise on what it can deliver, Dr. Simon Young, Senior Director, Disaster Risk Finance & Parametrics at WTW, told Reinsurance News around the COP28 summit. On the ... Read the full article

Chris Condello to lead WTW’s new Asian Risk Division, within CRB North America

4th December 2023

WTW has announced the appointment of Chris Condello as Head of the newly created Asian Risk Division, within Corporate Risk and Broking (CRB), North America. The Asia Risk Division will consist of Japanese, South Korean, and newly created Indian and Chinese divisions. These groups were created to focus on the cultural and ... Read the full article

Host of economic shocks escalating debt crisis in emerging markets: WTW

30th November 2023

As per the latest Political Risk Index report from WTW, elevated government expenditures during the pandemic, global inflation, and increased interest rates in 2023 have contributed to an "escalating debt crisis in emerging markets." Evan Freely, Global Head of Financial Solutions, WTW, commented, “A conveyor belt of economic shocks has hit ... Read the full article

WTW and Sønr partner to strengthen innovation initiatives

30th November 2023

Sønr, the innovation scouting and collaboration platform, has announced a strategic partnership with WTW to "bolster" the insurance broker's innovation initiatives, and strengthen connectivity within its innovation teams globally. The pair state that this new collaboration is a significant milestone for both companies, underscoring a shared commitment to driving innovation in ... Read the full article

WTW adds Diego Ventosa Dünwald to Natural Resources team

29th November 2023

Global insurance brokerage WTW has appointed Diego Ventosa Dünwald as Energy and Infrastructure Growth Leader, Natural Resources, based in North America and reporting to Bill Helander, Head of Natural Resources at WTW North America. In his new role, Dünwald will be tasked with supporting clients globally with a focus in Latin ... Read the full article

Some bright spots, but P&C insurers face challenges and uncertainties: WTW

27th November 2023

Insurance broker WTW predicts that catastrophe-exposed property business will see price increases of between +10% to +25% in 2024 and warns that while commercial lines price increases have started to stabilise, it's a challenging and uncertain environment for P&C insurers heading into next year. The inflationary landscape continues to impact commercial ... Read the full article

Energy reinsurance market faces unanticipated challenges despite initial optimism: WTW

24th November 2023

In a surprising turn of events, the impact of reinsurance market dynamics on direct clients within the energy sector has not unfolded as expected, according to the latest findings in the October 2023 Energy Market Review by WTW. Earlier in the year, insurers were bracing themselves for the aftermath of challenging ... Read the full article

AI to reignite global M&A market in 2024, says WTW

21st November 2023

Artificial intelligence (AI) is seen as a "potential boon for improving M&A processes and value creation," according to Jana Mercereau, Head of Corporate M&A Consulting, Great Britain at WTW. As per WTW, historic levels of inflation, rising interest rates, and geopolitical instability contributed to a "slump in deal activity that bottomed ... Read the full article

WTW launches D&O insurance solution called A-Star

15th November 2023

Global insurance broker WTW has unveiled its latest innovation in the insurance sector with the launch of A-Star. This cutting-edge excess layer Directors' & Officers' (D&O) insurance solution is designed to provide exclusive benefits and comprehensive protection for directors and officers, addressing the evolving needs of clients in a dynamic business ... Read the full article

WTW names Brad Messinger as leader of FI&PS industry division

13th November 2023

WTW, a globally renowned advisory, broking, and solutions company, has appointed Brad Messinger as the new leader of the Financial Institutions and Professional Services (FI&PS) industry division. The effective date for Messinger's assumption of this pivotal role is set for January 1, 2024, as he concurrently continues his responsibilities as the ... Read the full article

Insurance industry leaders anticipate challenges and opportunities in 2024: WTW

13th November 2023

In a recent survey conducted by global advisory and solutions company WTW at its inaugural European Insurance Leaders' Forum in Brussels, industry leaders identified key trends that are expected to shape the insurance landscape in 2024. Respondents highlighted high inflation and interest rates as the most significant barriers to securing future ... Read the full article

WTW’s 2023 Power Market Review highlights challenges in global power sector

10th November 2023

In its latest Power Market Review, WTW has brought to the forefront the persistent "Trilemma of Tension" facing the global power sector. This "Trilemma" is characterised by the ongoing struggle to balance energy security, affordability, and sustainability, which has led to continued volatility in the industry. The global power sector is currently ... Read the full article

WTW launches Asia Pacific Climate Risk Centre in Singapore

7th November 2023

Global insurance broker WTW has launched a new Asia Pacific Climate Risk Centre (ACRC) in Singapore, which will provide climate risk quantification and management capabilities to support the region’s resilience and transition to net-zero. The launch reinforces the company's commitment to helping the region transition to a resilient, low-carbon economy. It ... Read the full article

WTW Risk & Broking strengthens leadership team with key appointments

3rd November 2023

WTW, a leading global advisory, broking, and solutions company, has announced the appointment of Simon Delchar as Head of GB CRB Broking and Global Head of Portfolio Placements. Delchar, who brings extensive international placement experience, is set to join WTW in 2024. Previously serving as the Head of Placement for UK and ... Read the full article

WTW partners with CSAA through it’s Radar Software Suite

31st October 2023

WTW, a global advisory, broking and solutions firm, has partnered with CSAA Insurance Group to license WTW’s Radar software. According to the broker, Radar empowers predictive modeling of the creation of pricing and underwriting scenario impacts on key performance indicators. This is done either at a simple level, or with more complex multi-period, ... Read the full article