Latest Willis Towers Watson Headlines
All the headlines from our Willis Towers Watson Topic Page, ordered by recency.
Willis Re Upbeat on S&P’s New Insurer Capital Model
Apr 4 2011 // After several years of uncertainty, coupled with no small amount of angst, Willis Re, the reinsurance broker for Willis Group Holdings, has published a reassuring report on Standard & Poor’s new criteria for...
Willis Re: Japan Quake Not Enough to Turn Soft Market
Mar 31 2011 // A report from Willis Re, the reinsurance brokerage arm of Willis Group Holdings, notes that “relatively orderly price movements at the April 1 Japanese reinsurance renewals reveal that the Tohoku Earthquake is not...
Business Moves
Feb 21 2011 // Glens Falls, Upstate Agency New York-based Glens Falls National Bank and Trust has acquired Upstate Agency Inc., a property and casualty insurance agency with eight offices in New York. Terms of the transaction were not...
Willis Makes Changes in its Reinsurance, Wholesale & Placement Units
Feb 9 2011 // Willis Group Holdings has announced a series of leadership appointments in its reinsurance, wholesale and placement divisions. The management changes are “the next phase in the development of Willis Global, a new...
Marsh Agency Unit Acquires Hampton Roads Bonding
Feb 7 2011 // New York-based Marsh & McLennan Agency has acquired Hampton Roads Bonding (HRB), a surety bonding agency for commercial, road, utility, maritime and governmental contractors in Virginia. Terms of the deal were not...
Willis Names Parker to Lead Global Service Centers in Ipswich and Mumbai
Feb 2 2011 // Willis Group Holdings announced the appointment of Mark Parker as leader of the Group’s Global Service Centers in Ipswich and Mumbai, effective April 1, 2011. He will replace Ian Gale who is leaving Willis after 35...
Willis Re: Overcapacity Keeps Renewal Rates in Reinsurance Down
Dec 31 2010 // “Overcapitalization in the reinsurance market continues to gradually push rates downwards with price reductions at the January 1, 2011 reinsurance renewals averaging between 5 percent and 10 percent, according to the...
New IFRS Standards, Solvency II Pose a ‘Double Hurdle’ Says Willis Re
Oct 27 2010 // Two reports from Willis Re analyze the impact the insurance industry faces from the “double hurdles” of Solvency II and the new International Financial Reporting Standard (IFRS) due in 2013.” They explore...
Willis Acquires Prestige Office Building in Birmingham, UK
Oct 22 2010 // Willis Group Holdings announced that it has secured the biggest office letting in Birmingham’s Jewellery Quarter this year at the landmark 40 St. Paul’s Place. Willis Group Chairman and CEO Joe Plumeri...
Willis Re Merges UK, Europe Teams; Forms Willis Re Europe
Oct 21 2010 // Willis Re, the reinsurance advisor and part of Willis Group Holdings, announced that it has merged its teams handling Continental European and UK-based property and casualty business into an expanded European unit and is...
Willis Re Releases Detailed Flood Models for Latin America
Oct 7 2010 // Willis Re, the reinsurance arm of global insurance broker Willis Group Holdings, has released “detailed risk estimates and large event scenarios for key cities including São Paulo, Santiago and...
Ex-AIG CEO Sullivan Joins Willis Group
Sep 8 2010 // Former AIG Chief Executive Officer Martin Sullivan, who was ousted three months before the U.S. government bailed the insurer out, is joining Willis Group Holdings PLC, the insurance broker said on Wednesday. Sullivan will...
Willis Re Appoints Byng to Lead New Property Resource Group
Jul 1 2010 // Willis Re, the reinsurance arm of Willis Group Holdings announced the appointment of James Byng Property Resource Group Leader for its International and Specialty reinsurance business. He will assume this new position on...
Willis Re Finds Chile Quake, Storm Losses ‘Little Impact’ on Re Pricing
Jul 1 2010 // A new report from Willis Re, the reinsurance broking arm of Willis Group Holdings, has concluded that “losses from the Chile earthquake and storms in Australia in the first quarter of 2010 have had little impact on...
Wildbore to Head New Willis Re Toronto Office
Jun 17 2010 // Willis Re, the reinsurance arm of Willis Group Holdings announced the establishment of a new office in Toronto, Canada. The office will open September 1, 2010 and will complement Willis Group’s existing presence in...
Willis: Cat Losses in Q1 2010 Deliver Worst Ever for Reinsurers
Mar 31 2010 // For the first time in many years the first quarter 2010 results of reinsurers will be worse than the results of their primary insurance company clients thanks in part to unprecedented catastrophe losses. Some $16 billion...
Willis Group Donations for Haiti Top $400K
Mar 31 2010 // Haiti is a place where Willis Group Holdings plc, the global insurance broker, does little or no business. Among its 17,000 employees worldwide, the firm says only one was known to come from Haiti. But still, the...
Willis Completes Change in Country of Incorporation to Ireland
Jan 4 2010 // Willis Group Holdings announced that its reorganization has been completed and the new parent company of the Willis Group – known as Willis Group Holdings Public Limited Company (PLC) – is incorporated in...
Willis Re January Renewal Report Finds ‘Disciplined Softening’ in Market
Dec 31 2009 // “Orderly Softening” is the title of the latest edition of Willis Re’s “1st View.” The reinsurance division of Willis Group Holdings publishes the market review three times each year, examining...
Willis Shareholders Approve Proposal to Change Incorporation to Ireland
Dec 11 2009 // Willis Group Holdings Limited announced that its shareholders have approved changing the place of incorporation of the parent company of the Willis Group from Bermuda to Ireland at a special meeting in New York. The Board...
