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 hires Marsh’s Lucy Clarke as President, Risk & Broking
22nd July 2024
WTW, the global insurance and reinsurance broker, has appointed industry veteran Lucy Clarke as president, Risk & Broking. Clarke joins the firm with 25 years of industry experience, which includes previous tenures working in leadership roles at major firms, such as JLT Group and Marsh. Most recently, she served as the president ... Read the full article
US insured losses from a modern-day Carrington Event could reach $433bn, says WTW
22nd July 2024
If a solar storm similar to the "Carrington Event" were to occur today, US insurance industry losses could range anywhere between $71 billion to $433 billion, according to global insurance broker WTW. The Carrington Event, the most powerful solar storm in recorded history, took place on September 1 and 2, 1859. ... Read the full article
WTW boosts international casualty team with three key hires
17th July 2024
Global insurance broker WTW has announced a series of major hires for its international casualty team, based in the firm's London office, part of the direct and facultative global line of business. Firstly, the company has appointed industry veteran Sam Barnes as a director, having previously held several broking roles at JLT ... Read the full article
WTW bolsters its Private Equity and Transaction Solutions, CRB NA team with new hires
17th July 2024
WTW, an advisory, broking, and solutions firm, has appointed Aartie Manansingh as Head of the Private Equity and Transaction Solutions Industry Group within Corporate Risk and Broking, North America (CRB NA). Jorgen Andersson and Peter Galla will serve as Deputy Heads of the Division. This strategic leadership team has been established ... Read the full article
Global M&A activity gains momentum in 2024 amid regional challenges: WTW
11th July 2024
Global mergers and acquisitions (M&A) activity continues to build on the positive momentum seen at the beginning of 2024, with the second quarter's completed deals surpassing those of the same period last year, WTW's Quarterly Deal Performance Monitor (QDPM) reports. In collaboration with the M&A Research Centre at Bayes Business School, ... Read the full article
WTW announces new leadership to support ongoing growth in Australia and New Zealand
3rd July 2024
WTW, an advisory, broking, and solutions firm, has named Aon's James Baum as the Head of Australia and New Zealand and the Head of Corporate Risk & Broking (CRB) for these regions, starting on July 15. Simon Weaver will continue his duties as WTW Head of Asia Pacific and Head of ... Read the full article
WTW reveals enhanced investment management insurance solution, IMI Plus
3rd July 2024
Global advisory, broking, and solutions company WTW has revealed the introduction of IMI Plus, an enhanced investment management insurance solution designed to meet the needs of all kinds of asset managers, including wealth managers, hedge funds, private equity firms and real estate strategies. As per WTW, IMI Plus ensures "thorough and ... Read the full article
WTW broadens Financial Institutions team capabilities with three new hires
28th June 2024
WTW has announced the appointment of three new hires within the Financial Institutions and Professional Services industry division, which is part of Corporate Risk and Broking, North America (CRB NA), Heather Mann, Larry Trombino, and Jeanette Younger. With the addition of these new executives, who bring deep expertise within broker-dealers and ... Read the full article
Tia Wilson joins WTW’s Corporate Risk and Broking leadership team
24th June 2024
WTW, a global advisory, broking, and solutions firm, has recently announced the appointment of Tia Wilson as Deputy Regional Leader and Global Client Advocate within Corporate Risk and Broking, North America (CRB NA). As Deputy Regional Leader overseeing the Greater Philadelphia Area, Wilson’s primary focus is accelerating profitable growth in collaboration ... Read the full article
WTW names Len Graziano Casualty Strategy & Execution Leader for CRB NA
17th June 2024
Global advisory, broking, and solutions firm WTW has appointed Len Graziano as Casualty Strategy and Execution Leader within Corporate Risk and Broking, North America (CRB NA). Graziano joins WTW from Aon, where he led the Excess Casualty practice, managing a team of brokers focused on casualty risk solutions for clients. In his ... Read the full article
US commercial insurance prices up 6.3% in Q1’24: WTW
10th June 2024
For the first quarter of 2024, U.S. commercial insurance price rises of 6.3% were in line with the post-pandemic trend, with quarterly price increases of approximately 6% having remained steady, according to re/insurance broker WTW's latest Commercial Lines Insurance Pricing Survey (CLIPS). The overall increase of 6.3% for the first quarter ... Read the full article
Tremblay to lead WTW’s ICT Canada P&C practice
10th June 2024
WTW, a global advisory, broking, and solutions company, has named Jean-Francois Tremblay as the head of the Property & Casualty (P&C) practice within Canada for the Insurance Consulting and Technology (ICT) division. Tremblay has extensive experience in various technical, operational, and strategic capacities, including pricing, product management, underwriting, and risk ... Read the full article
WTW and Guidewire collaborate to enhance underwriting and insurance pricing
7th June 2024
WTW, a global advisory, broking, and solutions company, has announced a new partnership with Guidewire, a provider of software solutions for the insurance industry. This collaboration will enable carriers to quickly integrate WTW and Guidewire’s cloud platforms, enhancing the sophistication and speed-to-market of pricing, rating, and underwriting. Will Murphy, Vice President, Global ... Read the full article
$168bn in fees & commissions earned from insurance broking activity in 2023, Insuramore
4th June 2024
The value of the worldwide market for insurance broking in terms of fees and commissions earned was around $168 billion in 2023, considerably up from around $151 billion in 2022, according to Insuramore a provider of marketing services focusing on the insurance sector. This increase is equivalent to a growth rate ... Read the full article
WTW launches SaaS tool Climate Quantified to better assess nat cat risks
3rd June 2024
WTW, a global advisory, broking, and solutions company, has unveiled Climate Quantified, a new technology set to help quantify the financial impact of climate change with "unprecedented precision". By analysing the interactions between climate risk factors and their impact on business models, including physical risks, supply chain vulnerabilities and regulatory changes, ... Read the full article
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