Reinsurance News


WTW launches new cyber facility CyXS

31st January 2023

Broking and solutions company, WTW has launched CyXS, a new cyber facility that aims to provide capacity and efficiency for its clients around the world. Key elements of the facility include access to up to 50m (USD/ GBP/ EUR) of excess layer capacity which can be deployed with complete flexibility anywhere ... Read the full article

Global M&A set for positive start to year following strong finish in 2022: WTW

26th January 2023

A positive performance in the final three months of 2022 saw M&A deals outperform non-acquirers for a second consecutive quarter, according to research on completed deals from WTW’s Quarterly Deal Performance Monitor (QDPM). Based on share price performance, WTW states that companies making M&A deals outperformed the wider market by +5.2pp ... Read the full article

WTW forecasts £60bn of DB de-risking throughout 2023

20th January 2023

According to WTW’s latest de-risking report, the defined benefit (DB) pensions de-risking market is expected to see one of its biggest years on record in 2023, with at least £40 billion in bulk annuity transactions, and £20 billion in longevity hedges expected to be completed. The broking and solutions company’s latest ... Read the full article

WTW names Tony Yen Head of Taiwan

17th January 2023

Broking and solutions company, WTW has appointed Tony Yen as Head of Taiwan. Yen succeeds Charles Wang who retired from the role in December 2022. Overall, Yen, who joined WTW in 2015, brings over 20 years of risk engineering, risk management and insurance broking experience towards his new role. In addition to his ... Read the full article

WTW combines Asia & Australasia operations

12th January 2023

WTW has announced the combination of its Asia and Australasia operations into one Asia Pacific region, effective 1 January 2023. As part of the combination, former Head of Australasia Simon Weaver has taken on the new role as Head of Asia Pacific, with Clare Muhiudeen to retire as Head of Asia ... Read the full article

WTW names Aon’s Gallina Head of Property Broking

10th January 2023

WTW, a global advisory, broking, and solutions company, has appointed Dominic Gallina as the Head of Property Broking - Real Estate, Hospitality, and Leisure within North American Corporate Risk and Broking (CRB). In this new role Gallina will lead North America’s efforts to deliver custom, analytically driven property solutions for clients ... Read the full article

WTW report finds US commercial insurance prices up YOY

23rd December 2022

A new survey from WTW has found that prices for US commercial insurance increased again during the third quarter of the year. A statement from the firm said that it had compared prices charged on policies underwritten during Q3 2022 to those charged for the same coverage during Q3 2021. The aggregated ... Read the full article

Lloyds’ Tom Haddrill joins WTW as Head of Broking for CEEMEA region

20th December 2022

Broking and solutions company WTW has appointed Tom Haddrill as Regional Head of Broking for Central and Eastern Europe, Middle East and Africa (CEEMEA). Haddrill starts his new role February 20, 2023 and he will be based in London. In this role he will hold responsibility for driving growth and developing strategic ... Read the full article

WTW unveils new strategy in corporate risk and broking

20th December 2022

The North American Corporate Risk and Broking (CRB) division of WTW has launched a new strategy that looks to enhance its client proposition through aligning the entire value-chain of internal resources through industry specialisation. A statement from the firm said that the new strategy brings together all WTW’s North American CRB ... Read the full article

WTW names Director of Corporate Risk & Broking activities for France

19th December 2022

Brokerage, consulting and software solutions firm WTW has announced the appointment of Florence Tondu-Mélique as the new Managing Director of WTW in France and as Director of Corporate Risk & Broking for France. Tondu-Mélique will be tasked with deploying WTW’s transformation and investments plans in France, reporting to Anne Pullum, President ... Read the full article

Smaller deals and slower pace drive the global 2023 M&A outlook: WTW

16th December 2022

Dealmaking in the global M&A market is expected to remain active in 2023 despite ongoing uncertainty and major headwinds, with recession fears triggering a ‘lipstick effect’ as larger deals fall out of favour, according to WTW. Recent research by the multinational insurance advisor company, showed buyers outperforming the wider market as ... Read the full article

WTW names Naheed Jaffer Director and Lead for PPCU Canada

15th December 2022

WTW, a global advisory, broking and solutions company, has announced the appointment of Naheed Jaffer as Director and Lead for Pricing, Product, Claims and Underwriting (PPCU) propositions in Canada, within the company’s Insurance Consulting and Technology (ICT) business. Jaffer will be based in Toronto and report to Nicolas Beaudoin, P&C Division ... Read the full article

Cyber competition slowing rate increases for firms with good security: WTW

13th December 2022

A new note from WTW says that increased competition from cyber underwriters has led to more nominal rate increases when organisations can demonstrate good cyber security controls year over year. The firm said in its note that these cyber underwriters were eager to write new business following the recalibration of cyber ... Read the full article

WTW selects three new members for its board

12th December 2022

WTW has selected Stephen Chipman, former CEO of Grant Thornton U.S.; Jackie Hunt, former chair of Allianz Asset Management and Allianz Life (U.S.); and Fredric Tomczyk, former president and CEO of TD Ameritrade, to join the board, each with start dates effective April 1, 2023. The board said it made these ... Read the full article

Freely named Head of Global Lines of Business, Risk & Broking at WTW

12th December 2022

WTW, a leading global advisory, broking, and solutions company, has announced the appointment of Evan Freely as Global Head of Financial Solutions. Based in New York, Freely will be reporting to Alastair Swift, Head of Global Lines of Business, Risk & Broking at WTW. In his new role, Freely will be responsible ... Read the full article