WTW News

Commercial Property Rate Stabilization Highlights Latest WTW CLIPS

Broker WTW said commercial lines insurance rates increased overall by an average of 5.9% during the second quarter. Quarterly price increases have been around 6% since the end of the global pandemic, WTW reported in its Commercial Lines Insurance Pricing …

People Moves: WTW’s Risk & Broking Unit Names Marsh’s Clarke as President, Garrard Appointed Chair; Everest Names McBride, Garcia for Key Claims Roles

This edition of International People Moves details appointments at insurance broker WTW and the re/insurer Everest Group. A summary of these new hires follows here. WTW’s Risk & Broking Unit Names Marsh’s Clarke as President, as Garrard Becomes Chair Insurance …

People Moves: DUAL Swiss Taps Tokio Marine’s Wyss as Managing Director; WTW Appoints 3 Senior Hires to International Casualty Team

This edition of International People Moves details appointments at managing general agent DUAL Europe and insurance broker WTW. A summary of these new hires follows here. DUAL Swiss Taps Tokio Marine’s Wyss as Managing Director DUAL Europe announced the appointment …

Tech Update: WTW Offers Next Generation Investment Management Insurance Solution

WTW, the advisory, broking, and solutions company, has introduced “IMI Plus,” an enhanced investment management insurance solution designed to meet the needs of all kinds of asset managers, including wealth managers, hedge funds, private equity firms and real estate strategies. …

People Moves: Aon’s Mann, Trombino and Younger Join WTW Financial Institutions Team; Former Fortitude CEO Bracken Hired as Zurich NA CFO

WTW appointed three former Aon executives to roles within its financial institutions and professional services industry division, a part of Corporate Risk and Broking (CRB) North America. Heather Mann, based in Miami, joins WTW from Aon, where she spent the …

WTW: US Commercial Insurance Price Increases in Q1 ‘Steady’ at 6.3%

Broker WTW said commercial lines insurance increased overall by an average of 6.3% during the first quarter. Quarterly price increases have been about 6% since the global pandemic, WTW reported in its Commercial Lines Insurance Pricing Survey (CLIPS). Carriers during …

P/C Insurers Slow to Achieve Analytics Ambitions: Survey

Just under half of property/casualty insurers recently surveyed by WTW say they plan to incorporate artificial intelligence into their analytics (49%), but most have yet to bring “traditional” analytics into areas other than pricing, WTW reports. “While there is much …

Markets/Coverages: WTW Launches Facility for Cargo and War-on-Land Risks in Ukraine

Insurance broker WTW announced a partnership with Ukrainian insurer, VUSO, to provide a London-market-backed facility covering cargo and, crucially, war-on-land risks. This exclusive facility – which WTW describes as a market first – provides prearranged war insurance capacity, offers much …

Tech Update: WTW, Riskonnect Launch Risk Diagnostic Tool for Workers’ Comp

Insurance broker WTW has formed a partnership with Riskonnect to pilot an analytical delivery tool that connects claims and exposure data through its new offering WTW Risk IQ API (application programming interface). The collaboration between Riskonnect and WTW offers clients …

People Moves: Zurich NA Names Higginbotham Head of Pro Liability & Cyber; FM Global CEO Appointed Board Chair; WTW Names Lombardo Named Chair of REHL Division

Zurich NA Names Higginbotham Head of Professional Liability & Cyber Zurich North America, headquartered in Schaumburg, Illinois, has named Kara Higginbotham as head of professional liability and cyber for U.S. national accounts, leading a team of underwriters who serve Zurich’s …