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.
Economic & cyber hailed as biggest risks surrounding D&O: WTW & Clyde & Co
25th April 2023
According to a new survey from brokerage WTW and global law firm Clyde & Co, economic and cyber risks, particularly those associated with data loss and ransomware, are causing increasing concern for Directors and Officers (D&O). The Director’s and Officers’ Liability survey identifies the key risks that surround Directors across the ... Read the full article
UK car insurance premiums up by 20%, the biggest annual rise over a decade
25th April 2023
Comprehensive car insurance premiums have risen by 20% during the last 12 months, making the average cost of a car insurance policy the most expensive it has been since 2011, according to the latest Confused.com Car Insurance Price Index in association with WTW. By the first quarter of 2023, premiums have ... Read the full article
WTW’s broking platform now enables digital trading
24th April 2023
WTW a global advisory, broking and solutions company, has announced that the WTW broking platform is now enabling digital trading with Zurich as part of its ongoing evolution. The aim of WTW’s integration with Zurich Commercial UK is to further strengthen WTW as a leader in digital broking by developing the ... Read the full article
WTW Vietnam welcomes Nguyen as Country Leader
21st April 2023
Global broker WTW has appointed My Thien Nguyen as Country Leader and Head of Corporate Risk & Broking for Vietnam. Nguyen, who will start her new role on August 1, will be succeeding Philippe Robineau who will leave the company by the end of July. She has close to two decades of ... Read the full article
Jay Sharma named WTW Northeast Strategy & Execution Leader
20th April 2023
WTW, a global advisory, broking, and solutions company, has announced the appointment of Jaideep (Jay) Sharma as Northeast Strategy & Execution Leader, Corporate Risk and Broking (CRB), North America. In his new role Sharma’s leadership will be focused on defining and executing strategy, setting service expectations, measuring results, and working with ... Read the full article
WTW notes “sea change” in political risk perception
19th April 2023
Analysts at global advisory, broking, and solutions company WTW have noted a “sea change” in how companies perceive political risk following the outbreak of war in Ukraine last year, as well as issues such as rising economic nationalism and growing tensions between the West and China. WTW’s 2023 Political Risk Survey ... Read the full article
WTW appoints Laura Doddington as North America Proposition Leader
18th April 2023
Global advisory, broking, and solutions company, WTW has appointed Laura Doddington as North America Proposition Leader - Pricing, Product, Claims and Underwriting (PPCU) Personal Lines for Insurance Consulting and Technology (ICT). In her new role, based in Toronto, Doddington will advise WTW's insurance clients on improving their underwriting, pricing, product development, ... Read the full article
WTW adds Gregg Moons as Head of M&A for Benelux
17th April 2023
Global advisory, broking and solutions company WTW has announced the appointment of Gregg Moons as Head of Mergers & Acquisitions (M&A) for the Benelux region. Moons will have a regional role working from WTW’s offices in Amsterdam, Brussels and Rotterdam, working closely together with M&A teams in Europe. He will report into ... Read the full article
Insurers give negative feedback on US casualty energy reinsurance renewals: WTW
14th April 2023
According to a report from the global advisory, broking and solutions company, WTW, the initial feedback from insurers regarding January 1 reinsurance renewals for US casualty energy market has not been positive. The treaty renewals have been affected by losses resulting from a combination of various factors such as events in ... Read the full article
Global downstream hardening intensifies: WTW
12th April 2023
According to the WTW Energy Market Report of 2023, Downstream insurers faced an extremely late and punitive reinsurance market. The renewal season has been one of the toughest reinsurance renewal seasons on record. This is an unusual phenomenon in this market, WTW notes, as so far history shows that after a ... Read the full article
Upstream energy market outlook ‘uncertain’ due to reinsurance costs: WTW
6th April 2023
According to a report from the global advisory, broking and solutions company, WTW, increased reinsurance costs and higher retention levels have resulted in a renewed hardening of upstream energy re/insurance market conditions. WTW Energy Market Review 2023 noted the reinsurance market renewal season has impacted the upstream portfolio in three ways: ... Read the full article
WTW expands Life ICT practice with two senior hires
4th April 2023
Global brokerage WTW has announced the addition of two senior directors, Alan Routhenstein and Noel Harewood, to its Life Insurance Consulting and Technology business within the firm’s Insurance Consulting and Technology (ICT) operation. Both appointments reflect ICT’s ongoing commitment to deepen its expertise and technical knowledge, which ultimately helps to strengthen ... Read the full article
WTW names Aon’s Jackie Bolig as head of P&C CRB, North America
3rd April 2023
Global advisory, broking, and solutions company WTW has appointed Jackie Bolig as head of Property and Casualty (P&C), Corporate Risk and Broking (CRB), North America. In her new role, Bolig will focus on client retention, product development, talent strategy and driving successful carrier relationships across all twelve industry verticals, WTW said. Additionally, ... Read the full article
Sapiens and WTW collaborate on pricing solution
28th March 2023
Global advisory, broking, and solutions company WTW and Sapiens, a global provider of software solutions for the insurance industry, have announced a collaboration aimed to enhance real-time pricing and speed to market for insurers. Sapiens will join WTW’s Insurance Technology Partner Network and together will deliver an integrated solution comprising Radar ... Read the full article
Scope to close semiconductor supply chain risk protection gaps: Lloyd’s & WTW
17th March 2023
A new report by re/insurance marketplace Lloyd’s, delivered in collaboration with broker WTW, has warned that the global electronics industry is threatened by semiconductor supply chain risks, which are set to be exacerbated by a lack of available insurance solutions. The semiconductor industry is estimated to have a market value of ... Read the full article
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