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 adds Kaur as Global Leader of Operations, Strategy Execution & Data, Neuron
24th September 2024
Global insurance broker WTW has appointed Parveen Kaur in the newly created role of Global Leader of Operations, Strategy Execution and Data to Neuron, its commercial digital trading solution. This follows WTW's commitment to advance the scope and scale of Neuron’s next-generation capabilities, aimed at improving the speed and cost of ... Read the full article
WTW adds real-time Python deployment and governance to its insurance rating solution
18th September 2024
Global insurance broker WTW has expanded its Radar software, an insurance rating solution, to enable real-time execution of Python. Radar's ability to deploy Python in real-time will deliver advantages throughout the insurance process, impacting both personal and commercial lines in areas like pricing, underwriting, and claims. This will empower insurers to harness ... Read the full article
WTW appoints Adrian Ruiz as Head of FINEX GB Cyber & TMT
12th September 2024
Global insurance broker WTW has appointed Adrian Ruiz as Head of FINEX GB Cyber & TMT, succeeding Glyn Thoms, who will assume the newly created role of Global Cyber Strategic Development Leader. In his new position, Ruiz will report to Marcus Porter-Wright, Head of FINEX GB, and Peter Foster, Chairman of ... Read the full article
Rising capacity in construction insurance to Stabilise pricing and terms through 2025, says WTW
12th September 2024
The construction insurance market is experiencing a notable increase in capacity, reaching levels last seen in 2019, according to the newly released Global Construction Rate Trend Report by WTW, a global insurance broker. This expansion is anticipated to continue through late 2024 and into 2025, as insurers seek to maximise local ... Read the full article
WTW CLIPS reveals US rates are down in Q2’24, increasing to only 5.9%
10th September 2024
According to a new WTW Commercial Lines Insurance Pricing Survey (CLIPS), US commercial insurance rates grew at a rate of 5.9% throughout the second quarter of 2024, down from 6.1% in Q2 2023. The rates for the same segment were reported at 6.3 % in Q1 2024, the survey suggests the ... Read the full article
Colin Dutkiewicz appointed Senior Director of WTW’s ICT business
10th September 2024
WTW, the global advisory, broking, and solutions firm has appointed Colin Dutkiewicz as Senior Director to its Insurance Consulting and Technology (ICT) business. Based in London, Dutkiewicz is a renowned veteran across the life re/insurance industry, having spent over three decades working within the sector. He joins WTW from Aon, where he previously ... Read the full article
WTW partners with Kayna to expand affinity insurance offering for UK & US SMEs
10th September 2024
Global insurance broker WTW has established a strategic partnership between its Affinity Insurance business and Kayna, the insurance infrastructure platform, expanding its insurance solutions to SME clients domiciled in the US and UK through Vertical Software-as-a-Service (vSaaS) platforms. The partnership will enable WTW to distribute property, general liability, workers’ compensation, commercial ... Read the full article
New property facility launched by WTW, Canopius and Verita
3rd September 2024
Global insurance broker WTW has launched a new property facility, Client Edge Facility, with specialty re/insurer Canopius. This exclusive property option, now available in the market, was developed by WTW Corporate Risk and Broking, North America (CRB NA), Canopius US Insurance, Inc., and Verita Capital Solutions. The new facility will be led ... Read the full article
Gavin Hamilton named Director of WTW’s International Property team in London
29th August 2024
WTW, an advisory, broking, and solutions company, has appointed Gavin Hamilton as a Director on its International Property team in London. With over 30 years of industry experience, Hamilton previously led the European Wholesale and South African Property sectors at Miller Insurance Services LLP. Hamilton added: “I am delighted to be joining ... Read the full article
WTW promotes Bonnet and Hirsch to Co-Heads of Transactional Insurance
28th August 2024
Global advisory, broking, and solutions firm WTW has appointed Simone Bonnet and Andrew Hirsch as Co-Heads of Transactional Insurance Solutions within Private Equity and Transactional Solutions, Corporate Risk and Broking North America (CRB NA). As per WTW, in their new roles, Bonnet and Hirsch will co-lead the Transactional Insurance Solutions team ... Read the full article
WTW unveils Fintech & Digital Assets Taskforce to tackle complex digital ecosystem
28th August 2024
WTW, the broker and risk advisor, has unveiled a Fintech and Digital Assets Taskforce, in a move that is set to provide clients with consultancy support for managing risks in the complex digital asset ecosystem. The broker has brought together their global fintech and digital assets specialists in an integrated taskforce ... Read the full article
WTW names Jenna Ziomek as P&C Leader for Private Equity & Transactional Solutions
27th August 2024
WTW, a global advisory, broking, and solutions firm, has announced the appointment of Jenna Ziomek as the new Property and Casualty (P&C) Leader for Private Equity and Transactional Solutions, Corporate Risk and Broking, North America. In her new role, Ziomek will lead the P&C team, focusing on driving growth, executing strategy, ... Read the full article
Renewable energy sector shows resilience and optimism in 2024 despite challenges: WTW
30th July 2024
Resilience and optimism is what has characterised the renewable energy sector, despite climate issues, supply chain disruption, casualty deterioration, social inflation and geopolitical conflicts, according to a recent report by WTW. However, overall profitability remains challenging due to variable results within energy classes, analysts warn. So far, 2024 is proving to be ... Read the full article
WTW’s net income climbs 48% in Q2 as revenue hits $2.3bn
25th July 2024
Global advisory, broking and solutions firm WTW has revealed that net income for Q2 of 2024 was $142 million, an increase of 48% compared to Q2 of 2023. WTW's revenue in Q2 of 2024 was $2.27 billion, an increase of 5% compared to the same period in 2023. Of this total ... Read the full article
WTW names Steven Torresan Head of M&A in its FINEX business for Asia Pacific & Africa
23rd July 2024
WTW, a global advisory, broking and solutions company, is strengthening its M&A practice in Asia Pacific within its Financial, Executive & Professional Risks business with the appointment of Steven Torresan. Torresan was named Head of M&A in WTW’s Financial & Executive Risks (FINEX) business, for Asia Pacific and Africa, a Sydney-based ... Read the full article
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