A new excess layer cyber facility, called CyXS, was launched by WTW, providing excess layer cyber capacity for global clients. Key elements of the facility include: Capacity: Access to up to 50 million (USD/ GBP/ EUR) of excess layer capacity …
Insurance broker WTW announced the combination of its Asia and Australasia operations into one Asia Pacific region, effective Jan. 1, 2023. As part of the combination, former Head of Australasia Simon Weaver has taken on the new role as head …
Insurance broker WTW launched a customized online platform for the aerospace sector which enables access to WTW expertise across the globe on a 24/7 basis. The creation of an online knowledge platform will allow clients to access technical expertise, news …
Lockton Launches Digital Asset Custody Insurance Facility Lockton has launched a digital asset custody insurance facility, which was developed by Lockton’s Emerging Asset Protection (LEAP) team in collaboration with leading global custody insurers. The facility is supported by Lloyd’s syndicates, …
While supply chain risks are insurable, many products do not cover non-damage business interruption, and companies could find they aren’t covered for shipping delays that don’t involve physical damage. As a result, many risk experts believe that if insurance isn’t …
This edition of International People Moves details appointments at Gallagher, SiriusPoint and Willis Towers Watson (WTW). A summary of these new hires follows here. Gallagher Promotes Raven as CEO of Energy Practice Gallagher has made a key new appointment in …
This edition of International People Moves details appointments at Chubb Global Markets, the broker WTW and the property and specialty re/insurer IQUW. A summary of these new hires follows here. Chubb Global Markets Promotes Jackson as Product Head of Mgmt …
WTW Appoints 5 to North American Natural Resources Team Insurance broker WTW announced “a significant investment in its North American Natural Resources business” with the appointment of five industry leaders. Based in Houston, the new team members will bring expertise …
Delays in motor claims processing may be hiding the true threat of inflation to insurers, according to global broker WTW in a benchmarking report that concludes that UK motor claims inflation is expected to accelerate in 2022. The inflation rate …
Insurance broker WTW reported its acquisition of Butterwire, a provider of data analytics, artificial intelligence and machine learning platforms. Based in Glasgow, Scotland, the financial analytics company will become a part of WTW’s Climate and Resilience Hub. Terms were not …
