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.
Global M&A activity increases by 16% in Q3, sets stage for final quarter: WTW
10th October 2023
Global mergers and acquisitions (M&A) activity witnessed a solid increase throughout the third quarter of 2023, according to research on completed deals from broking and solutions company, WTW’s Quarterly Deal Performance Monitor (QDPM). The broker noted that global volume rose by 16% with 151 deals over $100 million in value were ... Read the full article
PPL to pilot market APIs in Q4 with WTW & Tysers
10th October 2023
Placing Platform Limited has confirmed that it will begin to pilot its new generation of Market APIs during the fourth quarter of 2023, working initially with broker WTW and independent Lloyd's broker, Tysers. According to the announcement, the pilot is designed to exercise and validate the end-to-end integrated process and will ... Read the full article
WTW considers re-entering into treaty reinsurance: Goldman Sachs
9th October 2023
WTW is considering re-launching back into treaty reinsurance, Goldman Sachs has revealed following a management meeting with the insurance broker. Back in 2021, WTW sold its reinsurance arm Willis Re to Gallagher. A clause in the terms of agreement stated that WTW would not broker treaty reinsurance products again until ... Read the full article
WTW hires Lockton’s Scardino and Gould
6th October 2023
Broker WTW has announced the appointment of Frank Scardino as North America Strategic Sales Leader and Leader of the Dallas Market. Simultaneously the company has appointed Kenneth Gould as Strategic Client Engagement Leader within Corporate Risk and Broking (CRB), North America. Both Scardino and Gould align perfectly with the growth strategy ... Read the full article
WTW launches Verita as specialised MGU for tailored industry solutions
4th October 2023
In a significant development within the insurance industry, insurance broker WTW launched Verita CSG, Inc. as a Managing General Underwriting (MGU) company, specialising in delivering tailored insurance solutions to target industries. With a keen focus on utilising deep industry expertise, exceptional service, and customised insurance products, Verita aims to revolutionise the ... Read the full article
WTW names Hannah Fearn Director, Financial Solutions
3rd October 2023
Insurance broker WTW, has announced the appointment of Hannah Fearn as Director of the Financial Solutions team. Fearn brings over 15 years of trade finance and insurance experience to her new role. She joins WTW from the law firm Sullivan & Worcester, where she served as a managing associate, specialising in ... Read the full article
WTW names Beldy Torborg to dual leadership role in North American CRB division
2nd October 2023
WTW, a leading global advisory, broking, and solutions company, has announced the appointment of Karen Beldy Torborg to a dual-hatted role within the Corporate Risk and Broking (CRB) division in North America. Beldy Torborg will serve as both Head of Strategic Growth & Portfolio Management and Head of the Large Accounts ... Read the full article
Substantial work is needed to better understand and explain IFRS 17 results: WTW
29th September 2023
After insurers reported their half-year 2023 results under IFRS 17 for the first time, they believe substantial work is still needed to better understand and explain results under the new accounting framework, and improve business as usual reporting processes, a WTW survey revealed. The study, believed to be the industry’s most ... Read the full article
US commercial insurance rates rise again in Q2: WTW
13th September 2023
Insurance broker WTW’s quarterly survey shows that U.S. commercial insurance prices have continued to increase in the second quarter of 2023. The company's Commercial Lines Insurance Pricing Survey (CLIPS) compares insurance prices on policies underwritten during Q2 2023 to the prior year Q2. It shows an overall year-on-year increase of 6.1%, slightly ... Read the full article
WTW appoints Cruz Gonzalez as Lenders Solutions team leader in Europe
6th September 2023
Global advisory, broking, and solutions company WTW has announced the appointment of Cruz Gonzalez as its Lenders Solutions team leader in Europe, effective immediately. Based in Madrid, Gonzalez will be reporting to Andrew van den Born, Managing Director, Financial Solutions. In the role, she will be responsible for delivering the re/insurance broker's ... Read the full article
Paul Lubbers joins WTW’s Corporate Risk and Broking team
31st August 2023
WTW has announced the appointment of Paul Lubbers as the Head of Affinity & Programs, US, within Corporate Risk and Broking (CRB). Leveraging his deep experience within the Affinity sector, Lubbers assumes a pivotal role in driving comprehensive growth and success for both the Affinity Consumer and Commercial Programs across the ... Read the full article
Risk resilience key to strengthening local supply chains and support growth of Vietnamese SMEs: WTW
4th August 2023
There is an urgent need to strengthen business resilience amongst Vietnamese small-and-medium-size enterprises (SMEs) as only one in five (18) companies in the country are prepared against major risks, a WTW report has revealed. Conducted among 100 companies in Vietnam with more than a third from the manufacturing industry, the WTW ... Read the full article
WTW hires Bryce as National Practice Leader, Personal Lines, Canada
2nd August 2023
Global broking firm WTW has announced the appointment of Allison Bryce as the National Practice Leader, Personal Lines, Canada, within Corporate Risk and Broking (CRB), North America. Bringing over two decades of experience as a successful executive and client leader in the North American insurance industry, Bryce joins a deep level ... Read the full article
WTW posts 7% organic growth in Q2’23
27th July 2023
Re/insurance broker WTW has posted 7% organic revenue growth for the second quarter of 2023, as total revenues increased by 6% to $2.16 billion. WTW saw net income decline by 16%, from $114 million to $96 million, while income from operations rose by 4% from $137 million to $142 million. The Risk ... Read the full article
WTW launches Climate Vista to “bridge climate skills gap in the boardroom”
26th July 2023
Global advisory and broking company WTW has announced the launch of Climate Vista, a new engagement tool designed to help company boards and senior management better understand their exposure to ESG and climate-related risks and opportunities. According to a recent survey conducted by WTW and the Nasdaq Center for Board Excellence, ... Read the full article
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