Willis Towers Watson
Market warns broadened terrorism coverage could impact reinsurers
Major changes to coverage offered at renewal include extended hours clauses
Softening reinsurance market showing 'no sign of relief' says Willis
The reinsurance sector is seeing significant rate reductions as the excess capital supply in the market continues to chase muted demand, according to Willis Re.
Competition leads reinsurers to drop terrorism exclusion clauses
Heightened competition for reinsurance renewal has resulted in reinsurers withdrawing the terrorism exclusion clauses that were introduced after the September 11 attacks.
Casserley demands transparency on resilience
Willis group chief executive Dominic Casserley has called on firms to publicly report on resilience against natural disasters alongside financial data.
RSA unveils changes to global broker function
Former Benfield Group general counsel Derek Walsh will take over responsibility for RSA’s global broker sales with key relationship managers following the retirement of Paul Donaldson at the end of the month.
Faber CEO Howard departs to lead Willis-funded Acappella
Willis facultative and wholesale reinsurance arm Faber Global has named Alistair Lester as its incoming chief executive ahead of the departure of Jason Howard.
Lockton hires Duncan to head Scotland corporate risks team
Lockton has hired former Marsh and Aon broker Gordon Duncan as head of its corporate risks team in Scotland as it eyes further regional expansion.
Willis launches Shariah compliant real estate product
Willis has launched the UK's first Shariah compliant commercial real estate insurance solution.
Liberty looks to Willis for fine art role
Liberty Specialty Markets has appointed Ross Drabble as deputy class underwriter for fine art and specie.
Willis completes Charles Monat acquisition
The Monetary Authority of Singapore has approved Willis' acquisition of Asia-based specialist broker Charles Monat.
Willis strengthens Swedish operation with £121m acquisition
Willis Group has paid $205m (£121m) to acquire a controlling stake of approximately 75% in Swedish employee benefits advisor Max Matthiessen.
Willis weighing 200 UK jobs for relocation or redundancy
Broking giant Willis is planning to either axe or relocate as many as 200 UK roles, with potential destinations including a lower cost location in Ipswich.
Warmelink rejoins Towers Watson in Hong Kong
Towers Watson has appointed Marco Warmelink as regional director of its risk management practice for Asia-Pacific.
MIB plans PPO research after mortality rates found to be higher than expected
Figures suggest reinsurers are becoming ‘marginally more comfortable’ with PPOs
Willis appoints Everling as Netherlands boss
Willis has appointed Jeroen Everling as chief executive of Willis Netherlands effective from 1 June.
Willis profits rise in Q1 despite 'disappointing' global performance
Willis Group chalked up a 4.4% increase in revenues of $1.1bn (£652.5m) in the first quarter of 2013 alongside a rise in profit of $246m (Q1 2013: $219m).
Interview: David Margrett: Bring it on
Welcoming the FCA’s hands-on approach to regulation as a boon to his firm’s ambitions, Global Risk Partners CEO David Margrett tells Post why he has such confidence in his consolidation goals
Former Aon boss Martin named CEO of Willis Limited
Willis Group has appointed David Martin as chief executive of the group’s principal UK regulated entity Willis Limited.
Teixeira joins Alvarez & Marsal as MD for risk advisory services
Willis’ former practice leader for integrated risk management services, Tom Teixeira, has joined Alvarez & Marsal as managing director for its risk advisory services practice.
GRP close to second acquisition as Margrett boosts management team
Global Risk Partners is preparing to unveil its second major acquisition having bolstered its central management team with senior recruits from Towergate and KPMG.
Profitability under pressure at Chinese insurers, says Towers Watson
Softening rates, increased expenses and loss ratios will see China's insurers profitability come under increasing pressure according to Jenny Lai, consultant, property and casualty insurance, China, Towers Watson.
Broker networks: better together?
With major firms such as Aviva among those to sever their network ties, how can broker networks remain attractive to potential members?
Willis launches cargo facility product
Willis has launched a product to protect cargo against all types of political violence, terrorism and war risks.
Comprehensive motor policies fall below £600 for first time since 2009
The average cost of comprehensive car insurance was down 19.1% year-on-year in the first quarter of 2014, the latest car insurance price index from Confused and Towers Watson revealed.