Willis Towers Watson (WTW) News

People Moves: Catalina Appoints ERS’ Parker as CEO; WTW Hires Aon’s Grimwade for D&F Team; BMS Names Former Aon Exec Matheson as Canada Chairman

This edition of International People Moves details appointments at legacy acquisition specialist Catalina Holdings (Bermuda), Willis Towers Watson (WTW) and BMS Canada. A summary of these new hires follows here. Legacy Acquirer Catalina Appoints ERS’ Parker as CEO Catalina Holdings …

People Moves: Marsh Promotes Payne to UK Chair of FINPRO; WTW Hires Smith From Lloyd’s for Digital Trading; Aon Bolsters UK Operations’ Team With 2 Hires

This edition of International People Moves details appointments at Marsh, Willis Towers Watson (WTW) and Aon. A summary of these new hires follows here. Marsh Promotes Payne to UK Chair of FINPRO, Morgan as Head of Professional Liability Insurance broker …

People Moves: Hamilton Names AIG’s Friston for Financial Lines; WTW Hires Marsh’s Baker for FINEX Banking; Howden Re Taps Berkley Re’s Pike for Treaty Reinsurance

This edition of International People Moves details appointments at Hamilton Re, Willis Towers Watson and Howden Re. A summary of these new hires follows here. Hamilton Appoints AIG’s Friston for Financial Lines Insurance Hamilton Insurance Group Ltd. announced the launch …

WTW Launches Crisis Management Business Unit for Security Risk Management

Willis Towers Watson announced the formation of a new Crisis Management unit with the merger of Special Contingency Risks (SCR) and the Terror and Political Violence teams, which will sit within its Financial Solutions Global Line of Business. Led by …

Where Insurance Prices Will Moderate in 2022. And Where They Probably Won’t.

Commercial insurance prices in general should stabilize in 2022, although not in cyber where increases from 50% to as much as 150% could be in store, according to one brokerage’s predictions. Willis Towers Watson also said that while the industry …

Where Employers Stand on Vaccines, ‘New Normal’ Workplace, Remote Work, Travel

Although more than half (57%) of U.S. employers say they require or plan to require COVID-19 vaccinations of employees, much of that support depends on whether courts approve the Biden Administration’s emergency workplace safety rule requiring vaccinations or weekly testing, …

Climate Change Impact: 40% Chance of ‘100-Year Storms’ Over 20-Year Span

While events like Hurricane Ida and a Texas winter freeze demonstrate wide-reaching impacts of climate change to all but ardent deniers, even insurers and reinsurers may not fully appreciate all the risks, a new report suggests. Among the underappreciated facts …

Willis Towers Watson’s New CEO Says It Has $5 Billion for Possible Acquisitions

LONDON— Willis Towers Watson has around $5 billion of capital which could used for acquisitions, its president and incoming chief executive said on Thursday, as the insurance broker prepares for a future as a standalone company. Aon Plc, the world’s …

Global Insurers Face Hefty Costs of $15B-$20B to Implement IFRS 17: WTW

The total cost faced by the global insurance industry to implement IFRS 17 is estimated to be in the range of US$15 billion-$20 billion, according to a new global survey by Willis Towers Watson. While the estimated costs will vary …

Willis Towers Watson Collaborates on Hurricane Insurance for Endangered Coral Reef

Insurance broker Willis Tower Watson announced the launch of a multinational partnership to develop and implement insurance solutions that help protect and restore the endangered 1,000 kilometer (621 mile) barrier reef system along the Caribbean coast. The Mesoamerican Reef Insurance …