Willis Towers Watson News

Willis Towers Watson Adds Shanghai to Global Markets Property/Casualty Hub

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 clients. The Global Markets P&C Hub further strengthens the …

Willis Towers Watson Launches Suite of Cyber Risk Management Assessments

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 as an innovative cyber risk methodology specifically designed …

Study Shows Impact of Property Protections on Texas Windstorm Insurer Rates

A report prepared by Willis Towers Watson showing the potential impact of increased coastal building standards on premium rates for Texas’ property insurer of last resort for coastal counties is now available for public review. The report finds that if …

Update: Aon Confirms EU Antitrust Probe of Merger with Willis Towers Watson

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 transaction of this size …

Willis Towers Watson Partners with Polecat Intelligence on Emerging Risk Analysis

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 solutions that enable organizations to respond to the rapidly changing, increasingly …

Climate Change Poses Much Greater Existential Risk for the World Than COVID-19

Similar to the COVID-19 pandemic, climate change ultimately will be managed by “bending the curve” of temperature rises and greenhouse gas emissions, according to Rowan Douglas, Head of Climate and Resilience Hub at Willis Towers Watson. But that’s where the …

Aon’s $30B Bid for Willis Towers Watson Faces EU Probe: Reuters

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 companies, which are the second and third-largest brokers …

U.S. Commercial Insurance Rates Rise Again in Q3 But Show Signs of Stabilizing

For the second quarter in a row, U.S. commercial lines insurers enjoyed average rate hikes that neared 10 percent but the rocket ship rate hike trend might be moderating “While commercial insurance prices continued to rise this quarter at a …

Equity Firm Cinven and Singapore’s GIC to Buy Insurance Broker Miller from Willis

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 Watson. The firms did not disclose financial details of the transaction. …

Q3 Insurtech Fundraising Breaks Records, but Some Mid-Tier Firms See Funding Gap

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, according to a report published by …