Reinsurance News
WTW
WTW launches new geopolitical risk research programme
30th November 2022
WTW, the global advisory, broking, and solutions company, has announced the launch of a new geopolitical risk research programme to bring together world experts and build resilience against escalating threats. According to the announcement, this three-year programme will apply war-gaming and scenario planning to test the vulnerability of organisations to changing ... Read the full article
WTW, Citi, & FCIA launch trade credit insured AR facility
22nd November 2022
WTW and Citi have successfully placed an innovative insurance facility with Great American Insurance Company's FCIA Trade Credit & Political Risk division, delivering a portfolio based, long tenor Accounts Receivable (A/R) financing solution by combining the benefits of two existing insurance products. In a joint release, the trio suggested that despite ... Read the full article
WTW and The Nature Conservancy partner on US coral reef policy
21st November 2022
WTW has partnered up with The Nature Conservancy (TNC) to launch the United States’ first ever coral reef insurance policy. The insurance policy will provide money for rapid coral reef repair and restoration across Hawai‘i immediately following hurricane or tropical storm damage. In 2019, TNC and partners implemented the world’s first reef ... Read the full article
Risks to food supply chains growing alongside complexity and size: Lloyd’s & WTW
21st November 2022
A new report from Lloyd’s and WTW says that the risks associated with food chains around the world have increased as these chains have grown in size, volume, and complexity. The firm said that food and drink supply chains will play an essential part in facilitating global progress and building societal ... Read the full article
WTW to support Indonesian government with climate transition
18th November 2022
Broking and solutions company, WTW has announced the launch of a new sovereign risk management programme developed to help Indonesia plan and implement an orderly long-term low carbon transition. The announcement was made during the G20 Leaders’ Summit in Bali. As the world’s largest thermal coal exporter, Indonesia is highly exposed to ... Read the full article
WTW collaborates with LSM & Markel on digital commercial insurance platform
17th November 2022
WTW has collaborated with Liberty Specialty Markets (LSM) and Markel to launch the pilot phase of a new digital commercial insurance platform. The venture between the three companies will aim to help improve connectivity, giving brokers flexible trading options and insurers speed and scale. Using globally-recognised data standards, WTW noted that the ... Read the full article
WTW to partner with UNICEF on child focused cyclone project
16th November 2022
Broking and solutions company, WTW, has helped to create the United Nations Children’s Fund’s (UNICEF) new initiative to provide sustainable disaster and climate change protection to meet the specific needs of vulnerable children. The ground-breaking UNICEF Today and Tomorrow Initiative will invest in climate resilience and anticipatory action for improved cyclone ... Read the full article
Belize first to receive payout by MAR Fund after Hurricane Lisa triggers parametric policy: WTW
11th November 2022
The country of Belize is set to receive a payout of $175,000 after Category 1 Hurricane Lisa triggered its parametric policy under the Mesoamerican Reef (MAR) Insurance Programme, reports insurance and reinsurance broker WTW. Launched in June of last year via a partnership between WTW and the Mesoamerican Reef Fund, ... Read the full article
Adrian Hicks to head WTW Mid-Market and Real Estate team
10th November 2022
Advisory and broking solutions company, WTW has named Adrian Hicks Head of Mid-Market and Real Estate for North American business placed in London and the international market. In his new role, Hicks will be responsible for establishing and executing the strategic direction of middle-market and real estate broking across Direct & ... Read the full article
Andy Blasher joins WTW’s Corporate Risk and Broking team
10th November 2022
Global advisory, broking and solutions company, WTW, has appointed Andy Blasher as a Global Client Advocate in its Corporate Risk and Broking (CRB) business. Blasher brings over 25 years of brokerage and carrier experience to the company. In his new role he will leverage his industry expertise in retail, hospitality and ... Read the full article
WTW welcomes new members to North America fac team
8th November 2022
Global advisory and broking solutions company, WTW, has appointed three new senior hires to its North America Facultative team. Ivan Breen has been appointed Head of North America Facultative, Chris Lynam as Head of Property, and Andy Murray as Head of Casualty. Breen is joining WTW from Canopius, where he operated as ... Read the full article
WTW brings Michael Holt back under its wing for new aerospace role
7th November 2022
WTW has said it has appointed Michael Holt to the role of associate director of client relationship management for aerospace. Holt is coming back into the WTW fold, re-joining the firm from McGill, where he served as Partner, Aviation and Aerospace since last February. Prior to McGill, Holt contributed to the growth ... Read the full article
WTW appoints Oliver Scarr to senior cargo role in Asia
7th November 2022
WTW has said that it is appointing Oliver Scarr to be its new head of cargo in Asia in its marine team within its corporate risk and broking business. The firm said in a statement that Scarr will be based in Singapore and report to Lewis Hart, head of marine Asia. ... Read the full article
WTW appoints Mark Vila Head of Corporate Risk & Broking, Midwest
4th November 2022
Global advisory, broking and solutions company, WTW, has announced the appointment of Mark Vila as the Head of Corporate Risk & Broking for the US Midwest region, replacing Scot Housh, who plans to retire at the end of 2022. Vila currently serves as the CRB Leader for the Great Lakes region ... Read the full article
Apprehensive outlook for energy & insurance industries: WTW
3rd November 2022
According to a report from the global advisory, broking and solutions company, WTW, both the energy and the insurance industries have a lot to be apprehensive about heading into the January renewals, as global geopolitical and economic uncertainties continue to intensify. A number of factors have contributed to this new “apprehensive ... Read the full article
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