Reinsurance News
WTW
WTW appoints Plotnek to lead its merged Private Assets & Capital Management team
5th July 2023
WTW, a global advisory and broking firm has appointed Anthony Plotnek to lead its recently combined Private Assets and Capital Management (PACM) team within its Insurance Consulting and Technology (ICT) business. Within the role, Plotnek will be based in London, where he will report to Marcus Bowser, Managing Director, UK and ... Read the full article
WTW partners with Clyde & Co to enhance climate risk management solutions
29th June 2023
Global advisory and broking firm, WTW, has announced a strategic collaboration with global law firm Clyde & Co to strengthen its climate risk management offerings. Leveraging their long-standing relationship, WTW will integrate Clyde & Co's climate legal and risk expertise into its climate analytics and consulting services. This collaboration aims to assist ... Read the full article
WTW launches Property Rebuild Assessment Service in collaboration with Kroll
20th June 2023
Global advisory and broking firm, WTW, has partnered with Kroll to launch a Property Rebuild Assessment Service, offering clients accurate valuations and advice to ensure proper property protection and avoid overpayment for insurance coverage. By leveraging its industry expertise and extensive data, WTW will offer clients precise valuations supported by the ... Read the full article
WTW launches upgraded Cyber Quantified model to enhance risk management strategies
19th June 2023
Global advisory and broking firm, WTW, has announced the release of its enhanced Cyber Quantified model, designed to assist companies in evaluating cyber loss potential and optimising risk management strategies. With the increasing prevalence of cyber attacks, data loss, and cyber extortion, WTW's updated tool aims to provide decision support and ... Read the full article
London market companies investing in tech show 6-point outperformance advantage: WTW
15th June 2023
According to a new analysis by the global advisory, broking and solutions company, WTW, the London Market is beginning to demonstrate tangible results on the back of technological innovations in order to position firms for long-term profitable growth. WTW conducted an analysis of 49 syndicates that make up approximately 85% of ... Read the full article
WTW appoints Todd Lynady as Multinational Trade Credit leader
15th June 2023
WTW, the global advisory, broking, and solutions company has announced the appointment of Todd Lynady as Multinational Trade Credit leader. He will be based in New York and reporting to Pieter van Ede, WTW’s Global Head of Trade Credit. van Ede commented on his hire, “We are thrilled to welcome Todd ... Read the full article
US commercial insurance rates increase to above 5% in Q1: WTW
13th June 2023
Commercial insurance prices in the US have continued to increase in the first quarter of 2023 to above 5%, according to a recent survey by WTW. The Commercial Lines Insurance Pricing Survey (CLIPS) compared insurance prices on policies underwritten during the first quarter of 2023 to those charged for the same ... Read the full article
WTW announces third renewal for MAR insurance programme, with AXA climate as provider
1st June 2023
The Mesoamerican Reef Fund and WTW have announced the appointment of AXA Climate as the insurance capacity provider that will support the MAR Insurance Programme in its third annual placement with financial support from the InsuResilience Solutions Fund and the United Nations Development Programme, building on earlier support from the ... Read the full article
WTW launches intangible asset policy
30th May 2023
Global broker WTW has announced the launch of a financial product targeting clients looking to protect their intangible assets. Described as a first-of-its-kind product, WTW said its Intangible Asset Protection (IAP) looks to meet client demand and to fill a coverage gap in the market. An intangible asset is one that is ... Read the full article
WTW launches insurance product to protect intangible assets
25th May 2023
WTW, a global advisory, broking and solutions company, has introduced a new financial product targeting clients intending to protect and leverage their intangible assets by considering a transfer of the associated risks. An intangible asset is one that is not physical in nature but one that can hold significant value, and ... Read the full article
WTW releases IFRS 17 reporting solution
11th May 2023
Global advisory, broking and solutions company WTW has announced the release of its new IFRS 17 based reporting solution, Financial Results Analyzer (FRA). Developed by the company’s Insurance Consulting and Technology (ICT) business, WTW’s Financial Results Analyzer tool is designed to meet the IFRS 17 reporting requirements of re/insurers as they ... Read the full article
Insureds face mounting pressure as catastrophe capacity, reinsurance costs rise: WTW
11th May 2023
In an ever-evolving insurance landscape, insureds are bracing themselves for continued challenges as they navigate a market grappling with increasing premiums, reinsurance optimization, and a persistent focus on asset valuation, WTW noted in its Insurance Marketplace Realities 2023 Spring Update. The pressure to achieve higher returns for the deployment of catastrophe ... Read the full article
Most coverage lines stabilising, D&O holds softest rates: WTW
5th May 2023
WTW, a global advisory, broking and solutions company has released its latest Insurance Marketplace Realities (IMR) report, showing that most coverage lines continue to demonstrate a stabilizing market trend that began in early to mid-2022. While a lot of coverage lines are demonstrating increases, analysts say they are more manageable than ... Read the full article
WTW launches new Data Science Consultancy unit
4th May 2023
WTW has announced the launch of a new Data Science Consultancy unit to "help insurers unlock huge untapped value from their data." The new consultancy, which will exist within WTW’s Insurance Consulting and Technology (ICT) business, will specialise in helping insurers extract greater value from data science to drive better business ... Read the full article
WTW launches next-generation trading solution to connect underwriters and brokers at speed
2nd May 2023
Re/insurance broker WTW has announced the global launch of Neuron, a digital insurance platform that uses cutting-edge technology to help underwriters and brokers connect and trade more easily. The platform also helps improve both the speed and cost of doing business through digitisation, automation and better use of data. WTW stated that ... Read the full article