Willis Towers Watson
Reinsurers forced to adapt models as rate pressure continues at January renewal
Tough times continued for reinsurers at the 1 January renewals as rate reductions, low investment returns and the continued influx of alternative capital offered little respite for struggling firms, according to the latest report from Willis Re.
Insurers prepared for post-TRIPRA environment
Insurers operating in the US have reassured clients they will be covered for terrorism events once the US federal terrorism programme expires on 31 December.
Motor premium increases to be reflected in 2015 results
Insurers are unlikely to see any favourable impact from motor premium increases until their 2015 results, according to Towers Watson.
Average UK motor premiums rise 0.3% in November
The average price of a new comprehensive motor policy rose 0.3% to £590 in November; the third successive month of price increases, according to the Towers Watson and Confused insurance price index.
The POST Power List 2014
After much deliberation, Post finally reveals the top 10 shining lights of the insurance industry, along with details of who we think would play them in a movie of their life, to complete the Post Power List.
Future sustainability of Pool Re to be achieved by modernisation in 2015
The Pool Re board is aiming to complete its modernisation of the 22-year-old terrorism facility by the end of next year.
Reinsurance tariff hike won't impact Pool Re rates, claims Willis
The increased premium ceded to government as part of the new deal agreed with Pool Re will not result in a hike in rates paid by members of the terrorism facility, according to Ian Kennett, executive director in Willis' real estate practice.
Europe: London matters
The latest report on the London Market from the Lloyd's Market Group points to opportunities and challenges for the sector in comparison with the rest of Europe. Steve Hearn explains that this means
Review of the Year: Lloyd's
Post’s annual review of Lloyd’s and the London market gathered reflections from players including Besso, Markel, Lloyd’s, Hiscox, EY and Beazley to reflect on 2014 and the challenges and expectations that lie ahead for next year
C-suite - Broker: A bright new age for forecasting
A new Met Office supercomputer could provide more accurate models for insurers
Towers Watson makes two senior appointments in Asia
Towers Watson has made two senior insurance management appointments in Asia.
Price Forbes looks to Willis for accident and health hires
Price Forbes & Partners has launched an accident and health division as well as appointing Richard O'Brien as head of the area.
Claims Awards Asia 2014: The winners
On 19 November the Asian claims community gathered to celebrate claims excellence at an awards ceremony in Hong Kong.
Revenue boost from digital innovation tipped to drive insurer acquisitions
82% of insurers expect acquisitions to improve their position in digital world
AIG's Aubert appointed Willis UK CEO designate
Willis has appointed AIG EMEA chief operating officer Nicolas Aubert as CEO designate of its UK insurance business.
Open GI recruits commercial product specialist from Blackpool broker
Open GI has bolstered its product management unit by recruiting commercial product specialist Sara Noble from Blackpool-based Central Insurance Services.
Hyperion and Willis to spearhead raft of M&A activity in London Market
IPO said to be in the offing after RK Harrison deal gives scale
40% of London market premiums 'under threat' says LMG
The London Market is facing a raft of challenges to its position as the dominant insurance hub, according to a report into the market’s competitiveness released today.
ABI clarifies rate tracking method after posting incongruous Q3 motor prices
ABI figures out of step with those produced by The AA and Towers Watson
Penny Black’s Insurance Week - 6 November
Penny has often heard of a new boss bringing in their own quirks or rules when they are installed.
Willis and Miller a good cultural fit says Hearn
Willis deputy CEO Steve Hearn has expressed confidence in the shared values and cultures between his own business and its potential purchase Miller.
Willis Group reports £4.3m net loss for Q3 as UK retail grows
Willis Group reported a net loss of $7m (£4.3m) in the third quarter of 2014 as Willis UK retail achieved modest growth for the global broker.
Motor premiums ‘bounce’ to 1.2% increase says AA
Average motor premiums have increased by 1.2% according to the latest figures from the AA, which described the increase as rebound "off the bottom".
Interview: Dominic Christian: Ready to rumble
Aon UK CEO Dominic Christian tells Post the firm’s move to the UK is a statement of intent, and outlines his targets for growth in the SME arena