Willis Towers Watson
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.
Reinsurance rates softened at April renewals, says Willis Re
According to reinsurance broker Willis Re, reinsurance rates softened across all lines at the 1 April renewals including reductions of up to 20%.
Deakin insists retail CEO Blanc is in it for the long haul as AJG buys Oval
Commercial director hoping for third time lucky after Colosso and McManus exits
M&A more attractive than start-ups in Asia, says Towers Watson
According to consultancy Towers Watson regulatory restrictions make insurer acquisitions more attractive than start-ups in Asia.
Allianz position on missing plane policy clarified as lead reinsurer
Allianz is the lead reinsurer on the hull and liability cover for Malaysia Airlines, rather than the lead insurer as previously reported, according to market sources.
Willis launches representative office in Myanmar
Broker Willis has opened a representative office in Myanmar following a “growing wave of interest” from clients.
JLT Towers Re Bermuda launches following acquisition
JLT Towers Re has launched a combined operation in Bermuda following JLT Re’s acquisition of Towers Watson Re’s global operations.
Willis' Hearn appointed Liiba chair
Willis Group’s deputy chief executive officer Steve Hearn has been elected chairman of the London & International Insurance Brokers’ Association.
‘No bottom in sight’ on motor rates
Motor insurance rates are set to continue to tumble despite forecasts that the market may soon turn, according to a report from SNL Financial.
Miller recruits former Willis energy specialist
Miller is seeking to expand its downstream energy business with the appointment of a former Faber Global broker.
Allianz on cover for missing Malaysian Airlines flight
Allianz has confirmed that it is the lead insurer for Malaysia Airlines, the company whose flight MH370 disappeared on Saturday.
Mergers & Acquisitions: Buying with Confidence
2013 saw a rise in the number of mergers and acquisitions deals in the general insurance sector. Is this trend likely to continue, and where will firms look to grow their businesses?
AIA recruits Saunders from Towers Watson
AIA has appointed Mark Saunders as group head of strategy and corporate development and a member of the AIA group executive committee.
Willis’ Nichols moves to JLT Towers Re
Embry Nichols has been appointed vice president of JLT Towers Re public entity practice.
Willis looks to McKinsey for marketing director hire
Willis has appointed Andy Whitehouse as its group director of marketing and communications.
Market Moves - 27 February 2014
All the movers and shakers in recruitment in the insurance industry this week.
Willis recruits Copenhagen based political risk boss
Willis has bolstered its financial solutions unit with the appointment of a new leader for its Copenhagen based new political risk, terrorism and trade credit head.