Reinsurance News
WTW
WTW launches D&O insurance solution called A-Star
15th November 2023
Global insurance broker WTW has unveiled its latest innovation in the insurance sector with the launch of A-Star. This cutting-edge excess layer Directors' & Officers' (D&O) insurance solution is designed to provide exclusive benefits and comprehensive protection for directors and officers, addressing the evolving needs of clients in a dynamic business ... Read the full article
WTW names Brad Messinger as leader of FI&PS industry division
13th November 2023
WTW, a globally renowned advisory, broking, and solutions company, has appointed Brad Messinger as the new leader of the Financial Institutions and Professional Services (FI&PS) industry division. The effective date for Messinger's assumption of this pivotal role is set for January 1, 2024, as he concurrently continues his responsibilities as the ... Read the full article
Insurance industry leaders anticipate challenges and opportunities in 2024: WTW
13th November 2023
In a recent survey conducted by global advisory and solutions company WTW at its inaugural European Insurance Leaders' Forum in Brussels, industry leaders identified key trends that are expected to shape the insurance landscape in 2024. Respondents highlighted high inflation and interest rates as the most significant barriers to securing future ... Read the full article
WTW’s 2023 Power Market Review highlights challenges in global power sector
10th November 2023
In its latest Power Market Review, WTW has brought to the forefront the persistent "Trilemma of Tension" facing the global power sector. This "Trilemma" is characterised by the ongoing struggle to balance energy security, affordability, and sustainability, which has led to continued volatility in the industry. The global power sector is currently ... Read the full article
WTW launches Asia Pacific Climate Risk Centre in Singapore
7th November 2023
Global insurance broker WTW has launched a new Asia Pacific Climate Risk Centre (ACRC) in Singapore, which will provide climate risk quantification and management capabilities to support the region’s resilience and transition to net-zero. The launch reinforces the company's commitment to helping the region transition to a resilient, low-carbon economy. It ... Read the full article
WTW Risk & Broking strengthens leadership team with key appointments
3rd November 2023
WTW, a leading global advisory, broking, and solutions company, has announced the appointment of Simon Delchar as Head of GB CRB Broking and Global Head of Portfolio Placements. Delchar, who brings extensive international placement experience, is set to join WTW in 2024. Previously serving as the Head of Placement for UK and ... Read the full article
WTW partners with CSAA through it’s Radar Software Suite
31st October 2023
WTW, a global advisory, broking and solutions firm, has partnered with CSAA Insurance Group to license WTW’s Radar software. According to the broker, Radar empowers predictive modeling of the creation of pricing and underwriting scenario impacts on key performance indicators. This is done either at a simple level, or with more complex multi-period, ... Read the full article
WTW posts 9% organic growth in Q3’23
26th October 2023
Insurance broker WTW has posted 9% organic revenue growth for the third quarter of 2023, as total revenues increased by 11% to $2.17 billion. WTW saw net income decline by 28%, to $139 million from $192 million, while income from operations rose by 3% to $159 million from $154 million. The Risk ... Read the full article
WTW names Rob Powell as Global Chief Claims Officer
16th October 2023
Global advisory, broking, and solutions company WTW has announced the appointment of Rob Powell as its new Global Chief Claims Officer. Powell is set to assume his role at WTW in early 2024, and he will report directly to Adam Garrard, the Global Head of Risk & Broking at the company. Powell ... Read the full article
UK car insurance premiums at their highest ever recorded levels: WTW
13th October 2023
Car insurance premiums in the UK have hit a new record as insurers battle sustained cost pressures, according to the latest Confused.com Car Insurance Price Index in association with broker WTW. Motorists are now on average paying £924, 58% (£338) more than 12 months ago when it was £586, the index ... Read the full article
WTW to re-focus climate practice led by Peter Carter
11th October 2023
Insurance broker WTW, has announced it is bringing its climate and Risk & Analytics capabilities more closely together under common leadership. Climate risk represents a significant and growing concern for businesses globally and moving forward WTW will focus on bringing the company’s core risk and analytics strengths, combined with extensive climate ... Read the full article
Global M&A activity increases by 16% in Q3, sets stage for final quarter: WTW
10th October 2023
Global mergers and acquisitions (M&A) activity witnessed a solid increase throughout the third quarter of 2023, according to research on completed deals from broking and solutions company, WTW’s Quarterly Deal Performance Monitor (QDPM). The broker noted that global volume rose by 16% with 151 deals over $100 million in value were ... Read the full article
PPL to pilot market APIs in Q4 with WTW & Tysers
10th October 2023
Placing Platform Limited has confirmed that it will begin to pilot its new generation of Market APIs during the fourth quarter of 2023, working initially with broker WTW and independent Lloyd's broker, Tysers. According to the announcement, the pilot is designed to exercise and validate the end-to-end integrated process and will ... Read the full article
WTW considers re-entering into treaty reinsurance: Goldman Sachs
9th October 2023
WTW is considering re-launching back into treaty reinsurance, Goldman Sachs has revealed following a management meeting with the insurance broker. Back in 2021, WTW sold its reinsurance arm Willis Re to Gallagher. A clause in the terms of agreement stated that WTW would not broker treaty reinsurance products again until ... Read the full article
WTW hires Lockton’s Scardino and Gould
6th October 2023
Broker WTW has announced the appointment of Frank Scardino as North America Strategic Sales Leader and Leader of the Dallas Market. Simultaneously the company has appointed Kenneth Gould as Strategic Client Engagement Leader within Corporate Risk and Broking (CRB), North America. Both Scardino and Gould align perfectly with the growth strategy ... Read the full article