Willis Towers Watson
60% of insurers planning to divest by 2017
More than half of insurers are planning to complete sales by the start of 2017, according to a study from Towers Watson, up from just 20% saying the equivalent last year.
Market Moves - 16 October 2014
All the latest job moves in the insurance market.
Comprehensive motor prices inching upwards says Towers Watson
The average cost of a new comprehensive motor policy in the UK has increased for the first time since 2011, according to Towers Watson, rising £3 to £582 in the third quarter of 2014.
Willis completes acquisition of Sweden's Max Matthiessen
Willis has completed its acquisition of a 75% controlling stake in Swedish insurance adviser Max Matthiessen.
Willis appoints Best to Guernsey role
Willis Group Holdings has appointed Martin Best as the managing director of Willis Management in Guernsey.
Q&A - Aviation: Turbulent times
In an unprecedented year of aerospace disasters, Post asks the experts how they expect recent tragedies to impact the aviation sector’s insurance policy renewals
Aegis hires Roberts to improve broker relationships
Industry veteran Nigel Roberts has joined Aegis London in the newly-created role of head of broker relations.
Cooper Gay, Willis, XL, Generali and Ace sign up for Netsett pilot
Willis, Cooper Gay Swett & Crawford and Ruschlikon UK members, Ace, XL Group and Generali, have signed up to participate in pilots of Xchanging’s Netsett platform.
UK sharing economy tipped to hit £9bn by 2025 as Biba plans insurance guide
The British Insurance Brokers’ Association will create a guide for sharing companies and brokers by the end of this year in a bid to remove barriers to writing business in the sector.
McManus eyeing Q1 2015 for start-up return
Former Giles chief executive Brendan McManus is plotting a return to the insurance industry in early 2015 leading a new start-up project, Post understands.
JLT Specialty to merge with Lloyd & Partners as broker eyes US expansion
Jardine Lloyd Thompson is to merge its JLT Specialty and Lloyd & Partners businesses as it primes for a new phase of growth in the US specialty area.
Miller appoints Beattie to head Asian construction unit
Miller has appointed former Willis divisional director Paul Beattie as its head of construction for Asia.
Insurance buildings: Who lives in a house like this?
With Lloyd’s mulling over a move away from its iconic Lime Street base, Post takes an in-depth look at some of the remarkable London buildings that insurers call home
C-Suite - Insurer: Understanding disaster risk
Companies must provide more information about the risks they face to allow better capital allocation
Willis drops contingent commission ban
Broking giant Willis has confirmed that it will drop a ban on taking contingent commissions, just over two years after initially accepting the payments in its employee benefits arm.
Willis posts 5.1% revenue increase in Q2 despite UK retail decline
Willis posted a 5.1% increase in revenues, including commissions and fees, investment income and other income to $935m (£552m) in the second quarter of 2014.
Willis recruits two directors from Marsh in Asia
Willis has made two managerial appointments in its technology and risk services divisions in Asia.
York International grows financial lines capabilities in London
York Risk Services Group subsidiary York International has appointed Carlos Michel as senior adjuster as it looks to expand its London-based financial lines capabilities.
Towers Watson creates benefits broker operation in Singapore
Towers Watson has established a benefits brokerage operation called Towers Watson Insurance Brokers Singapore.
Atrium agrees to settle MH17 hull war loss
Atrium Syndicate 609 has confirmed it is the lead hull war policy insurer for Malaysia Airlines and has agreed to settle that aspect of the MH17 loss.
MH17 hull war losses unlikely to exceed 2001 Tamil Tigers attack
The costs of hull war risks emanating from the downing of Malaysia Airlines flight MH17 are not expected to exceed the $380m (£222m) losses following the 2001 Tamil Tigers attack on Sri Lanka’s Bandaranaike Airport, according to loss adjusting sources.
Towers Watson appoints managing director in Hong Kong
Global professional services firm Towers Watson has appointed Jeffrey Tang as managing director of its Hong Kong office.
Willis deputy CEO Hearn handed UK leadership
Willis UK chief executive David Martin has been handed a newly created role as the broker’s global leader of placement, with deputy group CEO Steve Hearn replacing him in leading the UK business.
Average UK motor premiums down £17 according to price index
Continuing pressure on car insurance prices for younger drivers has pushed the average cost of a comprehensive motor policy in the UK down by £17 to £579 during the second quarter of 2014, according to the car insurance price index from Confused.com and…