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 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
WTW announces acquisition of Butterwire
13th July 2022
Re/insurance broker WTW has announced the acquisition of Butterwire – a FinTech provider of data analytics, AI, and machine learning platforms. The acquisition will help to further strengthen WTW’s world-leadingcli capabilities in delivering climate risk analytics to organisations around the world. Butterwire’s team of research, data science and software engineering professionals offer ... Read the full article
WTW appoints senior industry figure to its risk and capital management team
8th July 2022
Advisory and broking solutions company WTW, has appointed Kartina Tahir Thomson to the company’s Insurance Consulting and Technology business. Tahir Thomson will be based in London, where she started her new role on 1 July. With over 20 years of actuarial, risk, governance and regulatory experience, she will play an integral role ... Read the full article
Marsh McLennan extends lead as top global broker based on 2021 revenues
6th July 2022
Marsh McLennan remains the world's largest re/insurance broker, in terms of total revenues, which reached a huge $19.8 billion for the firm in 2021, according to our directory of the Top 20 Global Insurance & Reinsurance Brokers, based on research data from A.M. Best. Year-on-year, Marsh McLennan's ... Read the full article
WTW adds Munich Re & AXA Climate as capacity providers for expanded reef project
5th July 2022
WTW, along with the Mesoamerican Reef Fund (MAR Fund) and the InsuResilience Solutions Fund has appointed Munich Re and AXA Climate as the insurance capacity providers that will support the MAR Insurance Programme, a central pillar of MAR Fund’s Reef Rescue Initiative. Using a model designed by WTW that captures the ... Read the full article
WTW appoints new Global Head of ICT business
30th June 2022
Advisory and broking solutions company WTW, has appointed Frank Schepers to lead its Insurance Consulting & Technology (ICT) business. He replaces Alice Underwood, who is retiring this year after 16 years of dedicated service to WTW, which includes five years as head of ICT, leading the company through a period of ... Read the full article
WTW names Sudhir Modhvadia as Head of Structured Risk in GB
30th June 2022
Re/insurance broker WTW, has appointed Sudhir Modhvadia as Head of Structured Risk, GB, where he will report to Alex Shepherd, Head of Facultative, WTW. Within this role, he will also be based in London. As Head of Structured Risk, Modhvadia will be responsible for all multiple risk transactions within Facultative as the ... Read the full article
WTW names head of financial solutions for APAC
28th June 2022
WTW has expanded the role of Lee Garvey, who will take on the role of regional head of financial solutions for Asia Pacific at the beginning of July. The firm said that Garvey, who currently leads the Australasia Financial Solutions business, will oversee the development of credit and non-payment insurance solutions, ... Read the full article
Climate policy weakest in countries reliant on fossil-fuel income
28th June 2022
The governments of Bangladesh, Malaysia, the Philippines, Chile, and Senegal are most strongly committed to prioritising climate when making public policy, according to new analysis by Oxford Analytica and WTW. Commitment on climate policy in the emerging world is strongest in countries most vulnerable to the impacts of global warming ... Read the full article
WTW adds Taffy Jo Mayers to its Insurance Consulting & Technology business
28th June 2022
Advisory and broking solutions company, WTW has appointed Taffy Jo Mayers to the company’s Insurance Consulting and Technology business. Within this role, she will lead the unit’s Commercial Lines pricing and underwriting propositions in order to help insurers modernise and thrive in this evolving market. Mayers joins WTW from EY North America, ... Read the full article
Demanding and persisting underwriting for marine insurance industry: WTW
27th June 2022
Underwriting discipline persists for marine cargo insurance while underwriting for hull and liability remains demanding, according to the latest market update by WTW. A hard market continues for cargo insurance; however, renewed competition and enhanced growth targets in the marketplace have moderated upward rate movement in 2022. While rate increases are to ... Read the full article
WTW launches price inflation prediction tool for motor insurers
24th June 2022
Re/insurance broker WTW has announced the launch of a new price inflation forecasting technology for motor insurers that leverages advanced machine learning. In collaboration with Solera Audatex, WTW developed this tool to help motor insurers more accurately allow for the future cost of motor repairs in their pricing. The “ground-breaking tool”, as ... Read the full article
Inflation, not rates, driving property premium pain – WTW
23rd June 2022
WTW's Insurance Marketplace Realities Spring Update reports that property insurance premiums will continue to rise throughout 2022, but these increases will mostly be driven by inflation raising insurable values, as opposed to rate increases. Double-digit rate increases are however likely for challenged occupancies such as forest products, metals, waste management, food ... Read the full article
WTW appoints two Global Client Advocates
23rd June 2022
Advisory and broking solutions company, WTW has announced the appointments of Elizabeth Carabas and Jennifer Wheeler as Global Client Advocates. Carabas joins WTW as a Global Client Advocate within the Technology, Media, and Telecommunications practice. She has more than 20 years of brokerage experience in Silicon Valley, and with her deep knowledge ... Read the full article
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