Willis Towers Watson
Profit drought returns for UK motor insurers, Towers Watson finds
The underwriting profits seen for motor insurers in 2013 evaporated over the course of 2014, according to Towers Watson's UK Motor Insurance Industry report.
Cycle of hurt to continue for motor insurers despite raised rates
The cyclical nature of the UK motor market is set to continue, despite the industry recently witnessing the biggest spike in premiums for the past five years, insurers have been warned.
Adaption and innovation key themes from Ferma 2015
Insurers and brokers must be more agile to keep up with the emerging risks facing their clients, such as the sharing economy, according to commentators at the Federation of European Risk Management Associations Forum 2015.
Aubert handed Willis Limited CEO role
Willis Group Holdings has appointed Nicolas Aubert as CEO of the firm’s principal UK regulated entity Willis Limited.
Motor premiums in biggest rise for five years
Motor insurance premiums in the UK have risen 8.1% over the past 12 months, signalling the end of three years of declining rates, according to the latest Car Insurance Price Index from Confused and Towers Watson.
Willis completes PMI Health Group deal
Willis Group has completed the acquisition of PMI Health Group, the UK-based healthcare adviser and broker.
Ferma 2015: Willis launches motor risk forecasting tool
Willis has launched a tool that allows risk managers to forecast third party motor risk across Europe.
Benign weather coming to an end as insurers face up to climate change impact
Insurers have been told to brace themselves for similar losses to those experienced in the aftermath of the 2007 and 2013 floods as benign weather conditions subside and the impact of climate change increases over the coming years.
Willis sells stake in Miller to US giant
BB&T IHC International is buying a 16.9% stake in Miller Insurance from Willis for an undisclosed sum.
Market Moves - 17 September 2015
All the latest recruitment news from the world of insurance.
Claims Awards Asia 2015: the winners
The winners of the Claims Awards Asia 2015 were announced on 10 September at the Regent Hotel, Singapore.
Over-capacity and pricing pressure sees reinsurance capital growth stabilise
The growth in global capital dedicated to reinsurance has stabilised during the first half of the year, amid over-capacity and widespread pricing pressure, according to the latest reinsurance market report from Willis Re.
Towers Watson shareholders aim to block Willis merger
Towers Watson shareholders have filed several class action suits against the consultancy firm in the US over its planned merger with broker Willis.
Willis expands in Australia with CKA purchase
Willis Australia has acquired Perth-based broker CKA Risk Solutions for an undisclosed sum.
C-Suite - Broker: Insure my Christmas drone
With the market for drones increasing, there are opportunities for insurers to provide new solutions.
Willis's after tax profit falls 4.4% in first half
Global broker Willis had net income of $280m for the six months to 30 June 2015 compared to $293m in the same period last year.
JLT opens door to staff displaced by Willis-Towers Watson merger
JLT hopes to capitalise on the fallout from the Willis-Towers Watson merger by attracting staff displaced by the deal, according to deputy CEO Mark Drummond Brady.
D&O: 3 in 4 SMEs uncovered
It was once said that Stephen Hawking's 1988 book, ‘A Brief History of Time', was one of the most widely owned but least read works in print - something people wanted to show off on their bookshelf but could not face the effort required to digest the…
More mega mergers expected as low interest rates and investment returns fuel M&A
Weak investment returns and ongoing soft market conditions have been cited by AM Best as driving factors behind an uptick in acquisitions activity among insurance companies that are seeking to deploy capital and create scale.
Brian Shea appointed head of Europe at WCMA
Willis Group Holdings has hired Brian Shea as head of Europe for Willis Capital Markets & Advisory, the firm's insurance investment banking division.
Willis to acquire PMI Health
Willis has agreed a deal to acquire PMI Health Group, an independent healthcare advisor and broker.
Apil blasts Confused survey over whiplash claims
The Association of Personal Injury Lawyers has rubbished claims that an increase in whiplash claims has led to higher motor policy prices.
Lloyd's Columbia office paves way for syndicates to provide onshore reinsurance
Lloyd’s has received approval from the Colombian authorities to open a representative office in Bogotá, Columbia.
Hearn hire tipped to give CGSC an edge amid wider broking exodus
External influencing factors have been cited as the trigger for a host of high-profile broking departures, as the sector’s managerial merry-go-round once again enters full swing.