Reinsurance News
WTW
WTW names Ann Rodgers as regional Client Strategy Leader
1st March 2023
Global advisory, broking, and solutions company WTW has announced the appointment of Leigh Ann Rodgers as its Western Region Client Strategy Leader for Real Estate, Hospitality, and Leisure within Corporate Risk and Broking (CRB), North America. In her new role, Rodgers will focus on strategy execution for industry vertical clients, while ... Read the full article
S&P upgrades WTW credit ratings with stable outlook
22nd February 2023
S&P Global Ratings has upgraded its issuer credit rating on Willis Towers Watson PLC (WTW) to 'BBB+' from 'BBB' and gave it a stable outlook. At the same time the credit rating agency upgraded its issue-level ratings on the global brokerage firm’s senior unsecured debt to 'BBB+' from 'BBB'. WTW has sustained ... Read the full article
WTW adds two new Surety experts to CRB business
21st February 2023
WTW, global advisory, broking and solutions company, has announced the appointment of two new hires, Thomas Rhatigan and Dan Peck, within its North American Corporate Risk & Broking (CRB) business. Scott Hull, Global Head of Surety, WTW, commented: “The addition of Tom and Dan demonstrates our continued focus on bringing the ... Read the full article
WTW names new Global Director of Underwriting Transformation & Automation
15th February 2023
Global brokerage firm WTW has announced the appointment of Wendy Crosley as the Global Director of Underwriting Transformation and Automation, within the company’s Insurance Consulting and Technology (ICT) business. In the new role, Crosley is tasked with leading digital underwriting transformation projects for global commercial lines insurance clients. She will also manage ... Read the full article
WTW boosts exposure management and climate analytics team with senior hires
15th February 2023
Global brokerage WTW has appointed Michelle Radcliffe as Director in the Exposure Management and Climate Analytics Team, within the firms Insurance Consulting and Technology (ICT) business. Within the role, she will heavily focus on climate transition risks and exposure management for underwriting, against a backdrop of changing legislation and market ESG ... Read the full article
WTW appoints Doshi as Executive Director of Credit & Political Risk, Singapore
14th February 2023
Global brokerage firm WTW has announced the appointment of Deesha Doshi as an Executive Director of its Credit & Political Risk practice in Singapore. Doshi holds almost two decades of banking experience, having served at firms such as Westpac, JP Morgan and ABN AMRO in Singapore, Mumbai and London. Doshi also has ... Read the full article
WTW reports organic revenue growth of 5% for the fourth quarter
9th February 2023
Global brokerage firm WTW has reported 5% organic revenue growth for the fourth quarter of 2022 to $2.72 billion, although net income for the period fell by 75%, year-on-year, to $593 million. For the full year 2022, WTW achieved 4% organic revenue growth to $8.866 billion, as net income for the ... Read the full article
WTW appoints Aon’s Van Ede as Global Head of Trade Credit
3rd February 2023
Broking and solutions company WTW, has appointed Aon’s Pieter Van Ede as Global Head of Trade Credit. Within this role, he will report to Evan Freely - Head of Global Financial Solutions at WTW. Based in Denver, Van Ede will be responsible for delivering the Global Trade Credit strategy. WTW has recently highlighted ... Read the full article
WTW launch analytics platform ESG Clarified
3rd February 2023
Broking and solutions company WTW has launched ESG Clarified, an analytics platform to help organisations better understand and address their climate, sustainability and wider ESG risks. ESG Clarified offers a comprehensive, analytical solution, underpinned by multiple data sources to assist with trending insight, scenario analysis and reporting. WTW suggests that the rapidly ... Read the full article
WTW launches new cyber facility CyXS
31st January 2023
Broking and solutions company, WTW has launched CyXS, a new cyber facility that aims to provide capacity and efficiency for its clients around the world. Key elements of the facility include access to up to 50m (USD/ GBP/ EUR) of excess layer capacity which can be deployed with complete flexibility anywhere ... Read the full article
Global M&A set for positive start to year following strong finish in 2022: WTW
26th January 2023
A positive performance in the final three months of 2022 saw M&A deals outperform non-acquirers for a second consecutive quarter, according to research on completed deals from WTW’s Quarterly Deal Performance Monitor (QDPM). Based on share price performance, WTW states that companies making M&A deals outperformed the wider market by +5.2pp ... Read the full article
WTW forecasts £60bn of DB de-risking throughout 2023
20th January 2023
According to WTW’s latest de-risking report, the defined benefit (DB) pensions de-risking market is expected to see one of its biggest years on record in 2023, with at least £40 billion in bulk annuity transactions, and £20 billion in longevity hedges expected to be completed. The broking and solutions company’s latest ... Read the full article
WTW names Tony Yen Head of Taiwan
17th January 2023
Broking and solutions company, WTW has appointed Tony Yen as Head of Taiwan. Yen succeeds Charles Wang who retired from the role in December 2022. Overall, Yen, who joined WTW in 2015, brings over 20 years of risk engineering, risk management and insurance broking experience towards his new role. In addition to his ... Read the full article
WTW combines Asia & Australasia operations
12th January 2023
WTW has announced the combination of its Asia and Australasia operations into one Asia Pacific region, effective 1 January 2023. As part of the combination, former Head of Australasia Simon Weaver has taken on the new role as Head of Asia Pacific, with Clare Muhiudeen to retire as Head of Asia ... Read the full article
WTW names Aon’s Gallina Head of Property Broking
10th January 2023
WTW, a global advisory, broking, and solutions company, has appointed Dominic Gallina as the Head of Property Broking - Real Estate, Hospitality, and Leisure within North American Corporate Risk and Broking (CRB). In this new role Gallina will lead North America’s efforts to deliver custom, analytically driven property solutions for clients ... Read the full article