Reinsurance News
WTW
12 month motor premium rises the highest since records began: WTW
19th July 2023
Comprehensive car insurance premiums have increased by a record 40% (£222) throughout the last 12 months, with UK motorists now estimated to be paying £776 on average. According to the latest Confused.com Car Insurance Price Index in association with global broking firm WTW, car insurance premiums are at the highest ever ... Read the full article
WTW names Mascaro Hospitality Segment Leader within CRB, North America
14th July 2023
Broking firm WTW has hired Sompo International's Juan Mascaro as Hospitality Segment leader a part of the Real Estate, Hospitality, and Leisure Division within its Corporate Risk and Broking (CRB), North America. Mascaro brings more than 20 years of experience towards his new role. He has a diverse background that spans ... Read the full article
WTW expands North America ICT business with two senior hires
13th July 2023
Broking and solutions firm WTW has appointed two senior directors, Maryellen Allegretti and Patrick Anderson-Higgins, within the firm's Insurance Consulting and Technology (ICT) operation in North America. Both appointments further bolster ICT's expertise, technical knowledge, and presence as it strengthens its position as an industry leader in the Personal and Commercial ... Read the full article
WTW names Punil Chaubal as Insurance Investment Advisory Proposition Leader
13th July 2023
WTW has announced the appointment of Punil Chaubal as the Insurance Investment Advisory Proposition Leader in the UK. As part of WTW's Insurance Consulting and Technology (ICT) business, Chaubal will be based in London and report to Marcus Bowser, the Managing Director for UK and Ireland Life. “Over the past three years ... Read the full article
WTW unveils Asia’s first 4-peril parametric insurance offering
12th July 2023
WTW, a global advisory and broking company has launched Asia’s first 4-peril parametric insurance to protect Sri Lanka’s shrimp farms against weather risks, marking a major turning point in Asia’s aquaculture development. According to the firm, the solution was designed and placed for Taprobane Seafood Group - Sri Lanka’s largest seafood ... Read the full article
Cost-of-living crisis fuels political turmoil: WTW
11th July 2023
"Protest intensity in 2022 and the first quarter of 2023 correlate most strongly with rising energy prices, slower real wage growth, and the proportion of wages set by collective bargaining," suggests WTW. This is according to the firm's latest Political Risk Index, which noted that in 2023, intense cost-of-living protests struck ... Read the full article
WTW to include climate data into property broking
10th July 2023
Global advisory and broking firm, WTW has incorporated climate data into its broking property renewals to help clients understand their long-term risks relating to their property portfolio. The data enables the assessment of future exposures to climate change by evaluating a series of key climate indicators which helps companies to optimise ... Read the full article
Global M&A sees record decline in H123, driven by interest rate rises & economic uncertainty: WTW
6th July 2023
Global M&A witnessed a record decline in the first half of 2023 as interest rate rises and economic uncertainty hit financing. Research on completed deals from global broking firm WTW’s Quarterly Deal Performance Monitor (QDPM) shows that activity for deals valued over $100 million slowed significantly across the globe during H123, ... Read the full article
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