Reinsurance News
WTW
Solid net increase in US captives expected in 2022
15th June 2022
Early new captive formation reports suggest a strong 2022 across all industries and lines of insurance, according to a new report by WTW. There has been a notable expansion of captive formation and use by managed care organisations since 2021 and, compared with recent years, captive ... Read the full article
WTW appoints Simon Lusher to lead food and drink specialism
14th June 2022
Leading global advisory, broking and solutions company, WTW, has appointed Simon Lusher as Client Relationship Director for Large and Complex Risks. Based in London, Lusher joins WTW from JLT Specialty (now Marsh); he will be reporting into Garret Gaughan, Head of Direct & Facultative. He will be responsible for risk solution development ... Read the full article
WTW appoints Timothy Pratt to new role in its ICT business
10th June 2022
WTW has appointed Timothy Pratt as director of actuarial property and casualty in its Insurance Consulting and Technology (ICT) business. According to a statement from the firm, Pratt will be responsible for leading project teams focused on designing and implementing client reserving solutions. He will also play a key role in ... Read the full article
WTW launches healthcare risk and analytics tool
8th June 2022
Leading advisory and broking solutions company, WTW has launched a new risk and analytics tool for clients in the healthcare industry. HPL Quantified will provide clients with a unique set of assessment options to optimise their risk transfer, focused on Hospital Professional Liability (HPL) in the United States. Similar to other proprietary ... Read the full article
WTW announces new hires in M&A & Life Sciences teams in North America
7th June 2022
Leading global advisory, broking and solutions company, WTW, has announced new hires in its Mergers and Acquisitions (M&A) and Life Sciences teams in North America. The first appointment is Stephen J. Feick, who joins WTW as Deputy Director of Life Sciences, North America. Feick has more than twenty years of experience within ... Read the full article
WTW enhances Climate Diagnostic tool
7th June 2022
Insurance and reinsurance brokerage WTW has enhanced the capabilities of its Climate Diagnostic tool. The tool, originally launched in April last year, will now allow clients to generate tailored, instantaneous, and in-depth TCFD reports using their own collected data. Andy Smyth, head of GB risk and analytics, WTW, said: “Climate change ... Read the full article
WTW launches cyber coverage for ports & terminals
27th May 2022
Leading advisory and broking solutions company, WTW has released a new specialist cyber coverage for ports and terminals. CyNav for Ports and Terminals is designed to address the specific cyber threats faced by port and terminal owners and operators. The coverage provides flexible and tailored cover for business interruption losses, including those ... Read the full article
WTW appoints Andrea García Beltrán to new role
26th May 2022
WTW has appointed Andrea García Beltrán as the new head of FINEX, for Latin America. Based in London, Andrea joins WTW from RSA, where she was the UK and international Head of Cyber for underwriting for four years. Andrea will relocate to the region upon joining WTW, bringing more than 15 years’ ... Read the full article
WTW’s Radar upgrade mitigates “black-box” risks with increased transparency
20th May 2022
Re/insurance broker WTW has announced the launch of the newest version of its leading-edge Radar pricing software, Radar 4.15. The latest version overcomes a major barrier to wider adoption of machine learning by introducing a market-first capability, making it significantly easier for insurers to benefit from the full predictive power of ... Read the full article
WTW appoints Henry Keville as new head of FINEX GB financial institutions
13th May 2022
WTW has appointed Henry Keville to be its new head of FINEX GB financial institutions. The firm said that Keville will be based in the UK and will report into Marcus Porter Wright, head of FINEX GB. Porter Wright said in a statement: “I am delighted that Henry will lead our Financial ... Read the full article
WTW launches new initiative for Fiji and Papua New Guinea
9th May 2022
WTW has launched a new financial initiative to help fishing communities in Fiji and Papua New Guinea (PNG) to be more resilient to the adverse impacts of climate change. The firm plans to do this in collaboration with the WWF under the Global Environmental Facility’s (GEF) project named Financial Tools for ... Read the full article
WTW appoints new CRB Regional Leader as it further commits to growing M&A Practice
9th May 2022
Re/insurance broker WTW has appointed Steven Reiss to lead the company’s Northeast region for Corporate Risk & Broking (CRB). Reiss will transition from his current role as the CRB head for Philadelphia, where he has delivered transformational growth across the greater Philadelphia market since joining in 2018, as well as establishing ... Read the full article
WTW releases upgraded version of ResQ reserving software
9th May 2022
Insurance and reinsurance broker, WTW, has announced the launch of the newest version of its industry-leading loss reserving and financial reporting software, ResQ. ResQ 5.3 introduces a number of new features including ResQ Agent Processing, a new capability that represents a major evolution of the ResQ Enterprise Processing Engine. ResQ Agent Processing ... Read the full article
WTW grows Relations team with three senior appointments
5th May 2022
Leading advisory and broking solutions company, WTW has announced three major appointments for its broker relations team in North America. Joseph LaRocco has been appointed Head of Industry – Broking, North America, to lead the recently established industry broking segment, Krista Cinotti has been appointed Head of Middle Market Broking, North ... Read the full article
Economic climate and cyber attacks biggest D&O concerns – WTW
3rd May 2022
The economic climate and cyber attacks remain high on the mind for respondents to WTW’s latest Directors’ Liability Survey Report. The report, collated from answers from respondents across 40 countries, found that the five top risks to directors were said to be cyber-attack, data loss, cyber extortion, regulatory risk, and prosecuting ... Read the full article
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