Reinsurance News
WTW
WTW is a leading broker, consultancy and advisory for the insurance and reinsurance sector. One of the largest insurance brokers in the world and with a new reinsurance broking venture underway, WTW is a key player in the market.
WTW establishes new insurance brokerage service in Japan
29th October 2024
WTW, a global advisory, broking, and solutions company has launched WTW Broker Japan Co., Ltd., an insurance brokerage service which expands the company's Corporate Risk & Broking (CRB) business in Japan. The new retail brokerage will offer insurance solutions to commercial clients and also wholesale facultative reinsurance placement services to partner ... Read the full article
WTW secures insurance license in Saudi Arabia, appoints Bahafi Head of Broking
28th October 2024
Global advisory, broking, and solutions company WTW has reportedly secured an insurance licence to act as an insurance broker in the Kingdom of Saudi Arabia, naming Talal Omar Bahafi as the new Head of Insurance Broking, WTW Saudi Arabia. Previously Chief Executive Officer at Chubb Arabia Insurance Company, WTW noted that ... Read the full article
WTW to transform fleet risk management with new facility
24th October 2024
WTW has launched a new Structured Auto Buffer London Excess (StABLE) facility to transform fleet risk management by providing a risk financing solution through ‘Swing Plan’ structures. “This new offering is an innovative dedicated structured Auto Liability solution in the marketplace that supports organisations with managing fleet risks while rewarding them ... Read the full article
Cybersecurity and regulation identified as top risks for the TMT sector: WTW
11th October 2024
Cyber and data privacy have emerged as the top risks in the technology, media, and telecom (TMT) sectors, which are increasingly relying on innovations like artificial intelligence (AI) to drive growth, according to a recent report by WTW. The report highlights growing concerns about the impact of regulations and trade tensions ... Read the full article
WTW and Keylane partner for faster and innovative insurance pricing
10th October 2024
Global insurance broker WTW and Keylane, a policy administration system provider in the Netherlands, have partnered to help insurers enhance their real-time pricing and speed to market. According to the announcement, this collaboration will help to ensure competitive advantage through more effective pricing strategies. Keylane will join WTW’s Insurance Technology Partner Network, ... Read the full article
WTW report highlights stability in North American commercial insurance rates
9th October 2024
According to the latest Insurance Marketplace Realities report from WTW, an advisory, broking, and solutions firm, commercial insurance rates have maintained steadiness and balance throughout the year across North America. WTW notes that new capital entering both the reinsurance and retail markets has intensified competition for premium market share, except in ... Read the full article
WTW partners with the University of Colorado Boulder to enhance climate prediction
9th October 2024
Global insurance broker WTW has partnered with the University of Colorado Boulder (CU Boulder) to bring scientific advancements in seasonal climate prediction to the insurance and risk management sectors. This collaboration will help WTW and its clients anticipate how upcoming weather events may impact their operations and portfolios, allowing them to ... Read the full article
Competitive pricing ahead for power insurance sector as major losses decline: WTW
8th October 2024
The absence of larger losses in 2023 and 2024 is expected to lead to more competitive pricing in property and business interruption, while lower-level attritional losses will remain a constant, according to WTW’s Power Market Review. In the international liability market, a slight increase in capacity and softer market conditions have ... Read the full article
Growing confidence in M&A despite geopolitical & macroeconomic headwinds: WTW
8th October 2024
According to research from WTW, large deals have been at the forefront of M&A activity in 2024, reflecting growing confidence among dealmakers despite geopolitical and macroeconomic headwinds. WTW's research revealed that the volume of deals valued over $1 billion has continued to rise, reaching its highest level in two years with ... Read the full article
WTW appoints McGuire Senior Client Advocate for its REHL division
8th October 2024
Global insurance broker WTW has announced the appointment of Izabella McGuire as Senior Client Advocate for the Real Estate, Hospitality, and Leisure (REHL) division within Corporate Risk & Broking, North America (CRB NA). In her new role, based in New York, McGuire will drive white-glove client service in the REHL division ... Read the full article
FERMA urges EU to streamline cyber reporting processes
4th October 2024
The Federation of European Risk Management Associations (FERMA) has urged European Institutions to streamline cyber reporting requirements and consider the insurance implications of cyber-related legislation. The news follows the release of the Cyber Reporting Stack report - produced in partnership with WTW -, which provides risk managers with comprehensive advice on ... Read the full article
Gerald M. Dolina to lead WTW’s Philippines and its CRB business
4th October 2024
Global insurance broker WTW has appointed Gerald M. Dolina as Head of Philippines, and Head of Corporate Risk & Broking (CRB) Philippines, effective January 2nd, 2025. Dolina brings extensive experience in people, client, and market leadership to his new role, having spent nearly three decades working in the large and complex ... Read the full article
Lucy Clarke elected President of the Insurance Institute of London for 2024-25
3rd October 2024
The Insurance Institute of London, a professional organisation for insurance and risk management professionals, has announced Lucy Clarke as its President for 2024-25. Clarke joined WTW in 2024, bringing with her more than 25 years of industry expertise, with a strong emphasis on delivering top-tier client service, specialising in complex insurance ... Read the full article
WTW enters a co-brokerage agreement with Ori-gen’s The J. Morey Company, Inc.
2nd October 2024
Global insurance broker WTW has entered into a co-brokerage arrangement with The J. Morey Company, Inc., an Ori-gen family company, to provide tailored insurance solutions by joining resources and industry expertise. This agreement aims to align resources to deliver brokerage support and tailored insurance solutions to North American exposures of companies ... Read the full article
WTW to sell TRANZACT to GTCR & Recognize in $632.4m transaction
1st October 2024
WTW, the global insurance broker, has entered into a definitive agreement to sell its TRANZACT direct-to-consumer insurance distribution business to GTCR, a private equity firm, and Recognize, a technology services investment platform, for $632.4 million, subject to certain adjustments. According to the announcement, the sale is expected to close by the ... Read the full article
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