Latest Willis Towers Watson Headlines
All the headlines from our Willis Towers Watson Topic Page, ordered by recency.
Willis Towers Watson Faces Shareholder Lawsuits in U.S. Over Sale to Aon
Jun 8 2020 // There have been at least three shareholder lawsuits filed over the mega-deal that would have insurance broker Aon acquire rival Willis Towers Watson. The suits allege that Willis and its directors breached their fiduciary...
Kang Joins Allianz From Willis Towers Watson to Head Cyber in North America
Jun 4 2020 // Allianz Global Corporate & Specialty (AGCS) announced that Thomas Kang is joining the insurer as head of Cyber in North America. Kang, an attorney, joins AGCS from Willis Towers Watson, where he served as Global Cyber...
Willis Towers Watson Launches Customized Cyber Insurance for Shipowners
May 26 2020 // Willis Towers Watson announced the launch of CyNav, a new type of cyber insurance cover designed specifically for shipowners. The new product addresses the growing need for an explicit marine cyber solution, built from the...
Willis Towers Watson Forms Risk Services Group for Distressed Organizations
May 12 2020 // Willis Towers Watson has formed a new unit serving companies facing bankruptcy or restructuring. The new unit, Strategic Solutions Group (SSG), is within its Financial, Executive and Professional Risks (FINEX) global...
Q1 Insurtech Fundraising Drops 54% on COVID-19 Disruption: Willis Towers Watson
May 8 2020 // Overall funding for insurtech investments decreased by 54% during the first quarter as a result of the COVID-19 crisis, compared to a record high in Q1 last year, according to a report from Willis Towers...
Willis Research Network Partners with ‘Cloud to Street’ to Raise Flood Resilience
May 6 2020 // The Willis Research Network (WRN) has formed a new partnership with “Cloud to Street,” a global flood-mapping and monitoring platform that aims to help governments, humanitarian organizations and private sector...
In Volatile Times, Willis Towers Watson Deal ‘More Important Than Ever:’ Aon CEO Case
May 1 2020 // Aon reaffirmed its commitment to the acquisition of Willis Towers Watson in a report of its first quarter results. “Our Aon United Strategy and pending combination with Willis Towers Watson are more important than...
Willis Towers Watson Withdraws 2020 Target on COVID-19 Crisis; Q1 Revenues Up 7%
May 1 2020 // Willis Towers Watson is withdrawing its 2020 guidance due to the uncertainties caused by the COVID-19 pandemic. The broker said it will re-assess the guidance once it has a clearer understanding of the depth, duration, and...
Willis Towers Watson Extends Specialized Broking Program to Financial Institutions
May 1 2020 // Willis Towers Watson has formed Financial Institutions Differentiated Broking Solutions (FI DBS), an expansion of the DBS program for general industry mid-market clients that launched in June 2019. DBS utilizes Willis...
Non-Life Insurance Claims from Pandemic to Surpass 9/11 Claims: Willis Towers Watson
May 1 2020 // Insurance broker Willis Towers Watson on Friday estimated general insurance losses between $32 billion and $80 billion across key classes in the United States and UK from the novel coronavirus, surpassing claims from the...
Global Reinsurers See Robust Capital Growth of 15% in 2019: Willis Re
Apr 29 2020 // Total capital dedicated to the global reinsurance industry measured US$605 billion at year-end 2019, reflecting robust 15% year-on-year growth, according to Willis Re’s latest Reinsurance Market Report. This was...
Willis Towers Watson’s Climate & Resilience Hub Taps Scott from BofE as Senior Director
Apr 15 2020 // Willis Towers Watson announced the appointment of Matt Scott as a senior director in its Climate and Resilience Hub. Scott played an integral role in the Bank of England’s climate team under Governor Mark Carney from...
Willis Towers Watson Postpones Planned Sale of Miller Insurance
Apr 6 2020 // Willis Towers Watson is postponing its planned sale of its London wholesale broker subsidiary, Miller Insurance Services. “Given the current COVID-19 outbreak and associated uncertainty, we have paused our current...
Reinsurers ‘Smoothly’ Navigated April Renewals, Despite Working from Home: Willis Re
Apr 1 2020 // Reinsurers were able to complete the April renewals smoothly, despite being forced to move to the new working-from-home model after the COVID-19 outbreak, according to Willis Re. “The global reinsurance market has...
Rumbull Named Head of Willis Re Specialty in North America
Mar 31 2020 // Charles Rumball, currently executive vice president of Willis Re’s Specialty Reinsurance Division in Bermuda, is relocating to New York to assume the new role of head of Specialty for North America for Willis...
Willis Re Appoints Melanson as SVP, Health Practice Leader in Massachusetts
Mar 26 2020 // Willis Re, the reinsurance business of Willis Towers Watson, a global advisory, broking and solutions company, has appointed Dan Melanson as senior vice president and Health Practice leader. He is based in Boston, Mass. In...
Business Moves
Mar 23 2020 // National Aon, Willis Towers Watson Global insurance brokers Aon and Willis Towers Watson announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80...
Willis Towers Watson Taps Marsh’s Finbow as Head of FINEX Financial Institutions
Mar 19 2020 // Willis Towers Watson announced the appointment of Susan Finbow as global head of FINEX (financial, executive and professional risks) Financial Institutions. Based in Toronto, Finbow will be responsible for the direction...
Willis Towers Watson Launches Business Aviation Community Group
Mar 17 2020 // Willis Towers Watson announced the launch of “A Class,” a community group focused on delivering data, knowledge and solutions to its business aviation clients. A Class focuses on data analytics and risk...
Aon and Willis Towers Watson Say Merger Is All About ‘Getting Better, Not Bigger’
Mar 10 2020 // There are several talking points that are evident about the planned merger of broking giants Aon and Willis Towers Watson. First, it’s not about getting bigger; it’s about getting better. And, second,...
