Willis Towers Watson
Willis Q4 2014 net income grows 11.8% against full year drop
Willis Group has reported a net income for the 12 months ended 31 December 2014 of $362m (£237m), a decrease from its 2013 result of $365m.
Terrorism: Defusing the terrorism bomb
Despite recent terrorist attacks, the insurance market remains resilient, with losses in property damage and business interruption remaining low. However, what effect will the changes to Pool Re have?
Willis and Miller merger a ‘tragedy’, says Gallagher boss Ross
Willis’ planned acquisition of Miller has been labelled "a tragedy" for the market by Arthur J Gallagher International CEO David Ross.
JLT's Howorth to leave Asia for UK role
Duncan Howorth is returning to the UK after two years as CEO JLT Asia, to become CEO of JLT’s UK employee benefits business.
Clark Thomson buys Willis’ Scottish commercial business and joins WCN
Clark Thomson Insurance Brokers has agreed a deal to acquire Willis’ commercial business in Scotland, while also joining the Willis Commercial Network.
Pan named Willis China CEO
Lincoln Pan, executive director Willis Hong Kong, is replacing Mitchell Ma as CEO Willis China.
Miller and Willis reach agreement on wholesale and specialty merger
Miller Insurance Services has reached an agreement with Willis Group Holdings to form a London wholesale specialist broking firm.
Europe, the next frontier for e-accounting....
XL Group's Simon Squires shares insights from the company's work with the Ruschlikon Initiative, which aims to make e-accounting more widely used within insurance.
Digital Distribution Strategies: Walking with dinosaurs?
The challenges insurers face as customers embrace the ‘omnichannel experience’ are enormous. How can they move from a disconnected multichannel approach to a genuinely integrated service before they face extinction?
Willis promotes Smaje to Willis GB broking head
Willis has promoted aerospace business CEO Philip Smaje to chief broking officer for Willis GB.
Five trends for 2015: Looking to the future
With 2014 receding into the distance, Post took a moment to consider which – if any – of the trends that emerged in 2014 will reach fruition in the next 12 months. Will Back to the Future’s vision of streets awash with hover boards become a reality? Will…
Average motor policy saw £51 drop in 2014
The average cost of a new comprehensive UK motor insurance policy fell by £51 in 2014 to £594, despite late year price increases, according to the Towers Watson and Confused insurance price index.
Acappella Holdings CEO confident of attracting' top talent'
Acappella Holdings CEO Jason Howard has said the platform’s combination of expertise and youth will allow it to attract "top underwriting talent".
AIG's European CFO exits
AIG’s chief financial officer for EMEA Tom Colraine has retired after seven years with the company.
Soft reinsurance market fueled by low 2014 cat losses
Declining catastrophe losses in 2014 has been cited as a major factor behind the softening rating environment at the January renewal period, according to global reinsurance broking players.
RFIB looks to Willis for hull hire
RFIB has appointed former Willis marine executive director Steve Hughes as its hull and war divisional director.
Acappella launches at Lloyd's
Willis-funded Acappella Group Holdings has confirmed its launch as an insurance holdings company.
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.