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.
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
WTW expands US West Coast presence with CFS acquisition
2nd May 2025
WTW, a global advisory, broking and solutions company, has announced the acquisition of CFS International Inc. (CFS), an US West Coast trade credit insurance company, into Willis. CFS was founded in 1990 and specialises in delivering trade credit insurance solutions to global firms. Facing an ever more intricate and competitive global landscape, ... Read the full article
WTW launches AI-driven monitoring tool, Radar Vision
1st May 2025
WTW, an advisory, broking, and solutions firm, has launched Radar Vision, an AI-driven performance monitoring tool built specifically for insurers that provides early actionable insights for pricing, portfolio management, underwriting, and claims, allowing rapid response to emerging trends. The global insurance industry's turbulent conditions have continued for a few years, with ... Read the full article
Willis appoints Dom Spinelli as Head of Transactional Insurance Claims, NA
25th April 2025
Willis, a WTW business, has announced the appointment of Dom Spinelli as Head of Transactional Insurance Claims for North America. In this role, he will lead the claims function within Willis’ Alternative Asset Insurance Solutions (AAIS) division, overseeing the full lifecycle of transactional insurance claims, including representations and warranties, tax, and ... Read the full article
Reinsurance joint venture is progressing well: WTW CEO
24th April 2025
Carl Hess, CEO of global broking group WTW, said the firm’s reinsurance joint venture with private investment firm Bain Capital is progressing well, and he remains confident in its long-term contribution to growth and earnings. In December 2024, WTW confirmed its intention to re-enter the treaty reinsurance broking market through ... Read the full article
WTW sees net income hit $239m in Q1’25
24th April 2025
WTW has reported a net income of $239 million for Q1 2025, up from $194 million in Q1 2024, although revenue declined by 5% to $2.2 billion due to the sale of TRANZACT to GTCR and Recognize in Q4 of 2024 for $632.4 million. Meanwhile, the advisory, broking and solutions ... Read the full article
Willis names Harry Merker to key leadership roles in P&C and Alternative Asset Insurance Solutions
24th April 2025
Willis, a WTW business, has named Harry Merker as the new Property and Casualty (P&C) Cross Industry Sales Leader and Alternative Asset Insurance Solutions (AAIS) Sales, Strategy, and Execution Leader for North America. In this newly established dual role, Merker will be responsible for advancing broking growth across Willis’ P&C operations, ... Read the full article
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