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 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
US commercial prices up 4.8% through Q4: WTW
13th March 2023
US commercial insurance prices rose again in the fourth quarter of 2022, according to WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), with the aggregate commercial price change measured at 4.8%. The survey compared prices charged on policies underwritten during the fourth quarter of 2022 with those charged for the same coverage ... Read the full article
“Increase in capacity within the CPRI market denotes its stability”: WTW’s Coffin
13th March 2023
The credit and political risk insurance market (CPRI) remains resilient with record capacity amidst global political and economic uncertainty, according to a survey by global advisory, broking, and solutions company, WTW. Fifty-eight insurers across Lloyd’s and company markets participated in the survey titled: The Credit and Political Risk Insurance Capacity Survey ... Read the full article
Gallagher Re acquires WTW India treaty reinsurance operation
9th March 2023
Reinsurance broker Gallagher Re is set to expand its operations in India with the creation of a single treaty reinsurance team that will be led by Vinod Krishnan, following an agreement to acquire the treaty reinsurance broking operations of Willis Towers Watson India Insurance Brokers Private Limited (WTW India). The reinsurance ... Read the full article
Munich Re & WTW ally with DAS Solar on PV Module Warranty Insurance
6th March 2023
Munich Re Green Tech Solutions Team and WTW's Power and New Energy Team have partnered with DAS Solar on PV (Photovoltaic) Module Warranty Insurance. DAS Solar states that as a reinsurance market leader, Munich Re's policy acts as a strong backbone to its PV module and further enhances the credibility of ... Read the full article
WTW names Ann Rodgers as regional Client Strategy Leader
1st March 2023
Global advisory, broking, and solutions company WTW has announced the appointment of Leigh Ann Rodgers as its Western Region Client Strategy Leader for Real Estate, Hospitality, and Leisure within Corporate Risk and Broking (CRB), North America. In her new role, Rodgers will focus on strategy execution for industry vertical clients, while ... Read the full article
S&P upgrades WTW credit ratings with stable outlook
22nd February 2023
S&P Global Ratings has upgraded its issuer credit rating on Willis Towers Watson PLC (WTW) to 'BBB+' from 'BBB' and gave it a stable outlook. At the same time the credit rating agency upgraded its issue-level ratings on the global brokerage firm’s senior unsecured debt to 'BBB+' from 'BBB'. WTW has sustained ... Read the full article
WTW adds two new Surety experts to CRB business
21st February 2023
WTW, global advisory, broking and solutions company, has announced the appointment of two new hires, Thomas Rhatigan and Dan Peck, within its North American Corporate Risk & Broking (CRB) business. Scott Hull, Global Head of Surety, WTW, commented: “The addition of Tom and Dan demonstrates our continued focus on bringing the ... Read the full article
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