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.
PIC secures £900m in buy-in transactions for Three Baker Hughes pension schemes
26th June 2025
Pension Insurance Corporation plc (“PIC”), a provider of insurance solutions for defined benefit pension schemes, has arranged buy-in transactions with three pension plans associated with Baker Hughes (“the Company”): the Baker Hughes (UK) Pension Plan, the Brush Group Pension Scheme, and the Pipeline Integrity International (PII) Group Pension Scheme. Completed at ... Read the full article
Willis report highlights rising political polarisation as a growing concern for business
25th June 2025
Political polarisation is increasing across the globe and bringing with it a wave of uncertainty that threatens both governments and businesses, according to the latest Political Risk Index published by Willis, an advisory, broking, and risk solutions firm. Drawing from an extensive review of political conditions in over 200 countries, the ... Read the full article
WTW appoints Ryan Pischke as Growth Leader for Michigan and Ohio, CRB
19th June 2025
WTW, an advisory, broking, and solutions firm, has appointed Ryan Pischke as Growth Leader for Michigan and Ohio within its Corporate Risk & Broking (CRB) segment in North America. In this role, Pischke will focus on expanding WTW’s presence in the Michigan and Ohio markets by developing client relationships, acquiring talent, ... Read the full article
WTW names Farah Ismail as Senior Director, Head of Commercial Lines, ICT
17th June 2025
WTW, an advisory, broking, and solutions firm, has appointed Farah Ismail as Senior Director, Head of Commercial Lines within its Insurance Consulting and Technology (ICT) business in North America. Based in New York, Ismail will report to Laura Doddington, Head of Personal & Commercial Lines Consulting & Technology. In this role, Ismail ... Read the full article
WTW adds Scott Van Slyck and Kate Gingras to Insurance Consulting and Technology team
12th June 2025
Insurance and reinsurance broking group WTW has appointed Scott Van Slyck as Senior Director of Technology Sales and Kate Gingras as Director of Strategy Execution within its Insurance Consulting and Technology (ICT) business. The pair will report to Giovanni Smyth, Americas Regional Leader for the ICT business. However, Slyck has an ... Read the full article
US commercial insurance rates up 5.3% in Q1’25: WTW
11th June 2025
The latest findings of WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), reveals that US commercial insurance rates have continued a downward trajectory compared with the prior two quarters, despite an increase of 5.3% in the first quarter of 2025. CLIPS compares premiums for policies underwritten during the first quarter of 2025 ... Read the full article
Cyber risk and environmental issues lead reputational concerns in 2024/25: WTW
27th May 2025
Willis, a WTW business, has released its Reputational Risk Readiness Survey 2024/25, highlighting a sharp rise in concerns around cyber threats and environmental challenges among global senior executives. Of the 500 respondents, 65% identified cyber risk—especially cyber-attacks—as the most significant threat to their organisation's reputation, an increase from 52% in 2023. Environmental ... Read the full article
Grant Williamson to lead Willis CRB in Canada
20th May 2025
Willis, a WTW business, has announced the appointment of Grant Williamson as Canada leader within the Corporate Risk and Broking (CRB) business. Based in Toronto, Williamson will leverage his two decades of industry experience to drive the Canadian growth strategy through targeted go-to-market initiatives and strengthened local execution. To achieve this he ... Read the full article
Cyber threats and contract weaknesses dominate supply chain risk agenda in 2025: WTW
16th May 2025
WTW, an advisory, broking, and solutions firm, has revealed its latest Global Supply Chain Risk Survey, capturing a major pivot in how large corporations are approaching supply chain risk in 2025. The report, based on responses from 1,000 senior executives across multiple industries, highlights a growing urgency to confront digital threats ... Read the full article
WTW appoints Luke Ware as Head of Asia
15th May 2025
WTW, an advisory, broking, and solutions firm, has expanded Luke Ware's role to include serving as Head of Asia, effective immediately. He currently serves as the Head of Corporate Risk & Broking, Asia. In his new dual capacity, Ware will work closely with all WTW business leaders across Risk & Broking ... Read the full article
WTW expands International Property Facility with digital upgrade to Neuron
7th May 2025
WTW, an advisory, broking, and solutions firm, has announced a major upgrade to its International Property facility in the London market, further advancing the capabilities of its digital trading platform, Neuron. This enhancement, which aligns with the facility’s renewal on May 1, 2025, includes increased market support and expanded capacity. The move ... Read the full article
Gallagher’s Lofstrom joins Willis as Deputy Regional Leader, NA
7th May 2025
Willis, a WTW business, has announced the appointment of David Lofstrom as Deputy Regional Leader, New England within Corporate Risk and Broking (CRB) in North America. In his new role, based in Boston, Lofstrom will be collaborating with the full New England team to identify new opportunities and help accelerate regional ... Read the full article
Ample capital and competition point to ‘healthy buyer’s market’ in 2025: Willis
6th May 2025
The latest Insurance Marketplace Realities report from Willis highlights opportunities for buyers from ample capital, growing capacity, and renewed competition, signalling a healthy buyer's market in 2025. Willis, part of global insurance broking group WTW, notes that the commercial insurance market is operating from a place of historical financial strength, as ... Read the full article
Steve Hutchinson named Head of P&C, HK and Macau at Willis
6th May 2025
WTW, a global advisory, broking, and solutions firm, has appointed Steve Hutchinson as Head of Property & Casualty (P&C) for Hong Kong and Macau at Willis, a WTW business. Hutchinson brings over two decades of insurance market experience across London, Hong Kong, and Singapore. He joins Willis from Howden Insurance Brokers Limited, ... Read the full article
UAE based Al-Futtaim Willis to be wholly managed by WTW
2nd May 2025
WTW, an advisory, broking, and solutions firm, stands to gain full managerial control of its United Arab Emirates (UAE) domiciled joint venture, Al-Futtaim Willis (AFW), following Al-Futtaim's decision to sell its 51% stake in the company. The transaction is subject to regulatory approval and is expected to close in the second ... Read the full article
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