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.
WTW partners with KIT and NASA to enhance hail risk modelling
6th March 2025
WTW, an advisory, broking, and solutions company, has announced the continuation of its long-standing collaboration with the Karlsruhe Institute of Technology (KIT), alongside NASA’s Disasters Program and the NASA Langley Research Center. The partnership will focus on advancing the understanding and modelling of hail risk, leveraging more than a decade of ... Read the full article
WTW unveils new AI-driven monitoring tool for insurers
5th March 2025
International broker WTW has launched Radar Vision, an AI-driven performance monitoring tool custom-built for insurers. The global insurance industry is facing a period of rapid change and uncertainty, driven by significant inflation, demographic shifts, and a volatile market. To succeed in this environment, WTW highlights, insurers must be able to quickly understand ... Read the full article
WTW teams with Cornell University to address global drought risks
19th February 2025
WTW, a global advisory, broking, and solutions company, has formed a new partnership with Cornell University to analyse the risks posed by severe and extended droughts worldwide. This collaboration will offer a deeper understanding of global vulnerability to drought risks and explore the potential effects of water scarcity on business operations. Around ... Read the full article
Willis and Global Parametrics announce first payout of parametric policy for coffee farmers in Vietnam
17th February 2025
Willis, a WTW business, and Global Parametrics have delivered a new parametric solution to coffee farmers in Vietnam, backed by the Natural Disaster Fund (NDF) and in partnership with Bao Minh Insurance Corporation, providing timely relief to coffee growers affected by drought. The solution was placed in early 2024 and was ... Read the full article
WTW names Guy Donahue as Cross Industry Midwest Property Broking Leader
14th February 2025
WTW, a global advisory, broking, and solutions company, has announced the appointment of Guy Donahue as the new Cross Industry Midwest Property Broking Leader within Corporate Risk and Broking North America (CRB NA). In this role, Donahue will oversee strategic initiatives, build and maintain client relationships, and lead property broking activities ... Read the full article
WTW unveils updates to Radar rating and analytics engine
10th February 2025
WTW, an advisory, broking, and solutions firm, has enhanced its Radar rating and analytics engine with the launch of its Rating, Pricing, and Underwriting accelerator for Guidewire. Radar, WTW’s external rating engine, is designed for the insurance industry, providing real-time analytics and decision-making for pricing and underwriting. The new Guidewire accelerator streamlines ... Read the full article
Willis appoints Stephen Kyriacou as Head of Litigation & Contingent Risk Solutions NA
6th February 2025
Willis, a WTW business, has appointed Stephen Kyriacou as Head of Litigation and Contingent Risk Solutions, and Senior Director of Transactional Solutions for North America. In his new role, Kyriacou will focus on developing and implementing tailored insurance solutions for litigation and contingent risks. He will collaborate closely with corporate, private ... Read the full article
Willis appoints Derrick Easton as Global Head of Alternative Risk Transfer and Western Europe lead
5th February 2025
Willis, a WTW business, an advisory, broking, and solutions company, has named Derrick Easton as the new Global Head of Alternative Risk Transfer (ART) and Head of Western Europe for Risk and Analytics. Since joining WTW in 2015, Easton has led the company’s ART team in the US, bringing a strong ... Read the full article
WTW posts revenue of $9.93bn for 2024 amid segment growth
4th February 2025
Global advisory, broking and solutions firm WTW has revealed in its full-year results revenue of $9.93 billion, an increase of 5% as compared to the $9.48 billion recorded in 2023. WTW’s Health, Wealth & Career segment made up $5.77 billion of the total 2024 revenue, while its Risk & Broking segment ... Read the full article
Willis hires Marsh’s Pat Donnelly as Head of Risk & Broking, NA
31st January 2025
Brokerage Willis, a WTW business, has appointed Pat Donnelly as the Head of Risk & Broking (R&B), North America (NA), reporting to Lucy Clarke, President of R&B. Donnelly will be based in Chicago and is expected to join the company in the second quarter of 2025. He is a proven leader in ... Read the full article
WTW underlines critical role of data & risk models as 2024 insured losses top $140bn
30th January 2025
According to WTW's latest Natural Catastrophe Review, the insurance protection gap for natural catastrophes is estimated to stand at 60%, as global insured losses surpassed $140 billion in 2024, marking the fifth consecutive year insured damages exceeded $100 billion. The global advisory, broking, and solutions firm highlighted several major events that ... Read the full article
Shruti Saxena to lead WTW’s P&C Canadian ICT team
22nd January 2025
WTW has announced the appointment of Shruti Saxena as Director within the Property and Casualty (P&C) Canadian Insurance Consulting & Technology (ICT) team. In her new role, based in Toronto, Saxena will be responsible for expanding WTW’s presence in the Canadian market, taking on Appointed Actuary responsibilities, and supporting the corporate ... Read the full article
WTW appoints Mark Mamone as Head of Technology Delivery and Strategy
21st January 2025
WTW, an advisory, broking, and solutions company, has announced the appointment of Mark Mamone as Head of Technology Delivery and Strategy to its Insurance Consulting and Technology (ICT) business. In this role, Mamone will drive WTW’s strategic approach to software delivery, enhancing its portfolio of insurance technology solutions. He will also ... Read the full article
WTW secures broking licence in Saudi, names AlSudairy as Reinsurance Broking Head
20th January 2025
WTW has secured a licence to act as a reinsurance broker in the Kingdom of Saudi Arabia, naming Mohammed S. AlSudairy as the new Head of Reinsurance Broking, WTW Saudi Arabia. AlSudairy reportedly holds extensive experience of managing and overseeing treaty, facultative and claims activities for the Saudi Arabian market, having ... Read the full article
WTW appoints regional and global leaders to enhance risk and broking strategy
16th January 2025
WTW, an advisory, broking, and solutions firm, has announced two key leadership appointments: Hugo Wegbrans as Head of Corporate Risk and Broking (CRB) Europe and Simon Delchar as Global Head of Placement, both reporting to Lucy Clarke, President of Risk and Broking. Wegbrans, who joined WTW in 2021 as Head of ... Read the full article
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