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 and Bupa partner to improve health insurance pricing
1st September 2022
Health insurance provider, Bupa UK is now using WTW’s Radar Live as its lead pricing platform after both companies announced their new partnership with the re/insurance broker. The platform incorporates analytical and modelling methods to help create health insurance price premiums faster for individual customers. According to the announcement, this leads to ... Read the full article
WTW names new Head of Distribution Advisory for its ICT business in APAC
31st August 2022
Global advisory, broking and solutions company, WTW, has announced the appointment of Dominick Williams as Head of Distribution Advisory for its Insurance Consulting and Technology (ICT) business in Asia Pacific (APAC). In his new position he will lead the development and deployment of WTW’s insurance distribution propositions. These cover all channels ... Read the full article
Lack of extreme weather protection in semiconductor industry is concerning: WTW
26th August 2022
A significant percentage of the semiconductor industry likely lacks extreme weather protection, an issue highlighted in a recent survey by re/insurance broker, WTW. The Global Semiconductor Industry Survey also highlighted that gaps in cover could prove costly as extreme weather increases. It noted that one of the main challenges companies face ... Read the full article
WTW appoints new Leader for Hong Kong & Macau
22nd August 2022
Broking firm WTW has announced the appointment of Sean Deehan as Leader for Hong Kong and Macau, effective from the 1st of September 2022. Deehan holds 25 years of life insurance, health insurance and pensions experience, including more than 10 years working in Mainland China and Hong Kong. He joined WTW in ... Read the full article
Capacity stabilizing across GB cyber market: WTW
16th August 2022
New analysis from broking firm WTW shows that capacity stabilized for most cyber re/insurance market segments in Great Britain (GB) during Q2, with increased competition noted in some areas as available capital grows. Looking at key developments in the GB market, analysts observed significant changes during the second quarter of 2022, ... Read the full article
WTW expands energy team in Houston with senior hire
11th August 2022
Broker WTW, has announced that it has appointed Blake Koen to join the company’s rapidly expanding energy team in Houston as managing director, global client advocate, natural resources for its North America business. Within this role, Koen will help to develop and execute the strategic direction of WTW’s energy business. Koen brings ... Read the full article
WTW hires Sarah Conway as Head of its Ecosystem Resilience practice
11th August 2022
Broker WTW has appointed Sarah Conway as Head of its Ecosystem Resilience practice and Director in the Disaster Risk Finance/Parametrics unit within the company’s Climate and Resilience Hub (CRH). Since 2018, WTW’s Ecosystem Resilience practice has become a leader in the risk management and insurance of natural capital assets, including multi-national ... Read the full article
WTW posts 3% organic growth, maintains full-year targets
28th July 2022
Re/insurance broker WTW has posted 3% organic revenue growth for the second quarter of 2022, despite total revenues declining by 3% to $2.03 billion. After posting 2% organic growth in Q1, the broker seems to remain slightly below its target of “mid-single digit” organic revenue growth for the full year, ... Read the full article
Solvency II reforms could create “clear winners and losers” – WTW
25th July 2022
WTW has issued a statement on Solvency II reforms, saying that the package of reforms under consultation has the potential to create clear winners and losers if the “parametrisation” of the Matching Adjustment (MA) provisions indicated by the Prudential Regulation Authority is not recalibrated in line with SII. In particular, ... Read the full article
WTW makes series of appointments within its NA Natural Resources business
22nd July 2022
WTW has made a significant investment towards its North American Natural Resources business, as the re/insurance broker has appointed five new industry leaders to bolster the existing North American team. Based in Houston, the new team members will bring expertise to focus on this globally important industry, with a sub-sector focus ... Read the full article
UK car insurance premiums increase by 6%, industry facing a “raft of challenges”: WTW
21st July 2022
Comprehensive car insurance premiums have increased by 6% (£32) during the last 12 months, with UK motorists now paying £554 on average, according to data from WTW and Confused.com Car Insurance Price Index. WTW recently warned that UK motor claims inflation was on the rise, as the broker recently revealed ... Read the full article
WTW names Hector Martinez new LatAm head, Luis Maurette to retire
18th July 2022
Advisory and broking solutions company WTW has named Hector Martinez as its new head of Latin America. He is to succeed Luis Maurette, current head of the region and head of global sales and client management, who is to retire on 31 December, 2022. Maurette will work with Martinez and the three ... Read the full article
UK motor claims inflation on the rise – WTW
18th July 2022
The inflation rate for motor claims settled in 2021 was over 6%, far higher than last year’s UK general inflation rate of 2.1%, according to new data from WTW. The average cost per claim in 2021 was £5349, up from £5037 the previous year. However, a combination of ... Read the full article
WTW appoints Iris Chan as Head of Corporate Risk and Broking, Hong Kong
15th July 2022
WTW has announced the appointment of Iris Chan as Head of Corporate Risk and Broking (CRB) for Hong Kong. Iris has held various senior positions with major insurance brokers in Asia over a 20 year career. She joined WTW in 2012 and has been expanding the construction ... Read the full article
M&A market buoyant despite economic instability – WTW
14th July 2022
Reports of global merger and acquisition (M&A) activity entering a dry spell appear to be premature, WTW says. Dealmakers have recorded the third highest number of completed deals in an opening six months since WTW began tracking M&As in 2008. In fact the only years that have surpassed the ... Read the full article
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