Towers Watson News

2 Former Willis Execs to Lead Towers Watson’s Crisis Management Team in N.Y.

Global professional services company Towers Watson hired two brokerage executives for its crisis management business in the U.S. Towers Watson, headquartered in New York, said Corina Müller Monaghan and Steve Robinson are the first hires for the company’s crisis management …

Commercial Insurance Prices Up 7% in Q4 2012: Towers Watson

Commercial insurance prices rose by almost seven percent in aggregate during the fourth quarter of 2012, marking the eighth consecutive quarter of price increases and the fourth showing increases across every line surveyed, according to the latest Commercial Lines Insurance …

Large Employers to Keep Health Insurance Benefit for Now: Survey

Most large employers don’t expect to send their full-time employees to government health exchanges for insurance during the next five years, but some retirees and part-time workers will end up there, a new survey has found. The outlook for corporate …

Commercial Insurers Continue Raising Rates, Improve Loss Ratios: Towers Watson

Commercial insurance prices in aggregate increased by six percent during the third quarter of 2012, the seventh consecutive quarter that aggregate prices for all commercial lines rose. The latest Commercial Lines Insurance Pricing Survey (CLIPS) conducted by Towers Watson compared …

Towers Watson to Enhance Long-Term Care Insurance Capabilities

Towers Watson, a global professional services company, plans to acquire the business of the DaVinci Consulting Group, a boutique actuarial consulting firm that specializes in the long-term care insurance market, on or about November 1, 2012. The acquisition is subject …

Towers Watson Inks Joint Venture with Broker MDS for Portugal Benefits

Global professional services company Towers Watson and Portuguese broker MDS have combined forces to establish a benefits brokerage consulting service in Portugal. MDS was founded in Porto in 1984. It is now the leading broker in the Portuguese market with …

How Low Interest Rates Challenge Insurers and Affect Pricing

Property/casualty insurers say that principal preservation and total return are the most important objectives of their companies’ portfolio management, yet when asked about their satisfaction level with these two investment goals, their responses diverge.  In a survey of P/C carriers’ …

Towers Watson, Hughes Telematics Offer Auto Insurers Usage-Based Service

Professional services firm Towers Watson is teaming with Hughes Telematics, Inc. (HTI), a Verizon company, to provide U.S. auto insurers with data services for usage-based insurance (UBI) programs. With the alliance, Towers Watson’s DriveAbility service offering will be powered by …

Towers Watson Appoints Howard Global Brokerage Leader; Eyre in New Post

Global professional services company Towers Watson has appointed Ross Howard as global leader for its insurance and reinsurance brokerage business, effective from October 1, 2012. He will succeed Bill Eyre who, after 14 years in the position, will take on …

Commercial Insurance Prices Continue to Rise: Towers Watson

Commercial insurance prices in aggregate increased by nearly five percent during the first quarter of 2012, the fifth consecutive quarter that prices rose. In addition, commercial insurers’ loss ratios stabilized for most insurance lines and improved in lines with the …