Latest Willis Towers Watson Headlines
All the headlines from our Willis Towers Watson Topic Page, ordered by recency.
UK Car Insurance Premiums Drop to Lowest Level Since 2015: WTW Survey
Apr 20 2021 // The cost of a comprehensive car insurance policy in Britain slumped 14% in the first quarter of 2021, to their lowest level since 2015, as different phases of lockdowns in the country kept motorists off the streets, a...
Willis Towers Watson Launches ‘Radar Workbench’ for Commercial Underwriters
Apr 16 2021 // Insurance broker Willis Towers Watson has launched Radar Workbench, new software technology aims to transform the performance of frontline commercial underwriters. “Radar Workbench has been developed to provide the...
People Moves: PartnerRe’s Clarke Re-Emerges at Tremor; WTW’s Monat to Mosaic; Graham Leads AIRMIC; Lancashire’s Richardson to Aeolus
Apr 8 2021 // Emmanuel Clarke This wrap-up of International People Moves details recent appointments at Tremor Technologies, Mosaic, AIRMIC and Aeolus Capital Management Ltd. A summary of these new hires follows. Tremor...
April Reinsurance Renewal Pricing ‘More of the Same,’ Reports Willis Re
Apr 1 2021 // International reinsurance renewals completed for April 1 followed trends set earlier in the season, as market pricing remained firm in virtually all classes and territories. Capacity was adequate across the board, and no...
Suez Blockage Claims Expected to Hike Marine Reinsurance Rates, Says Willis Re
Apr 1 2021 // The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters. Formal...
Update – Aon’s $30B Bid for Willis Towers Watson Faces EU Antitrust Warning: Reuters
Mar 3 2021 // BRUSSELS – Aon will face a list of objections by the EU’s antitrust watchdog which it must overcome with concessions to proceed with its $30 billion bid for Willis Towers Watson, two people familiar with the matter...
Cinven and GIC Complete Purchase of UK Broker Miller from Willis Towers Watson
Mar 1 2021 // Cinven, the international private equity firm, and GIC, Singapore’s sovereign wealth fund, have completed the acquisition of leading specialist insurance and re/insurance broker, Miller, from Willis Towers...
Willis Towers Watson, Liberty Specialty Markets Launch Reputational Crisis Coverage
Feb 24 2021 // Willis Towers Watson and Liberty Specialty Markets have partnered to offer reputational crisis insurance that enables organizations to transfer the financial risk associated with certain types of reputational crises and...
Australia Regulator Raises Antitrust Concerns over $30B Aon-Willis Towers Watson Deal
Feb 18 2021 // Australia’s competition regulator on Thursday raised initial concerns over Aon’s $30 billion bid for Willis Towers Watson to create the world’s largest insurance broker, close on the heels of a similar...
Willis Towers Watson to Pay $2.1M Cash Retention Agreements for 4 Executives
Feb 8 2021 // Willis Towers Watson has approved retention agreements worth $2.1 million for four executives as an incentive for their continued employment until the closing of the broker’s merger with Aon, according to a WTW...
Willis Towers Watson Adds Shanghai to Global Markets Property/Casualty Hub
Jan 14 2021 // Willis Towers Watson, the global advisory, broking and solutions company, announced the addition of Shanghai to its global property and casualty hub, aimed at enhancing the company’s global placement model for...
Willis Towers Watson Launches Suite of Cyber Risk Management Assessments
Jan 12 2021 // Insurance broker Willis Towers Watson has introduced two new cyber risk assessment services – the Workforce Cyber Culture Assessment (WCCA) and the Ransomware Risk Assessment (RRA) Willis Towers Watson describes the WCCA...
Aviation Reinsurance Rates Rise by as Much as 250% in January Renewals: Willis Re
Jan 4 2021 // Aviation reinsurance rates rose by up to 250% at the key Jan. 1 renewal date, broker Willis Re said in a report on Monday, with the market still reeling from the impact of Boeing 737 MAX crashes two years ago. The 737 MAX...
Update: Aon Confirms EU Antitrust Probe of Merger with Willis Towers Watson
Dec 21 2020 // Aon plc confirmed that the European Commission (EC) has initiated a review of the company’s proposed $30 billion bid for Willis Towers Watson. Aon said the Phase II review is a common next step “for a...
Willis Towers Watson Partners with Polecat Intelligence on Emerging Risk Analysis
Dec 18 2020 // Willis Towers Watson, the global advisory, broking and solutions company, announced a partnership with Polecat Intelligence Ltd,, a business intelligence and data analytics company. Together, they are developing insurance...
Aon’s $30B Bid for Willis Towers Watson Faces EU Probe: Reuters
Dec 15 2020 // BRUSSELS – Aon’s $30 billion bid for Willis Towers to create the world’s largest insurance broker faces a full-scale investigation because of its complexity, two people familiar with the matter said. The...
TWIA Study Showing Rates Inadequate by 26% and 44% Sent to Board
Dec 3 2020 // A study showing rates for Texas’ insurer of last resort for communities along the Texas coast are inadequate by 26% for residential policies and 44% for commercial properties has been forwarded to the board of the...
AXIS Re Hires Willis Re’s Bangs as Head of Japan
Dec 2 2020 // AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd., announced the hiring of David Bangs as head of Japan. Bangs joins AXIS Re from Willis Re Singapore where he served as executive director. Prior to...
Equity Firm Cinven and Singapore’s GIC to Buy Insurance Broker Miller from Willis
Nov 9 2020 // Private equity firm Cinven and GIC, Singapore’s sovereign wealth fund, have agreed to acquire London-based specialist insurance and (re)insurance broker Miller from its partners and corporate member, Willis Towers...
Q3 Insurtech Fundraising Breaks Records, but Some Mid-Tier Firms See Funding Gap
Oct 28 2020 // Insurtech funding saw the largest number of deals and the highest amount of funding since data recording into insurtech began, with $2.5 billion raised by insurtech firms across 104 deals during the third quarter,...
