Willis Towers Watson
Oasis project director says framework will cut costs and increase transparency
Loss-modelling platform includes models for flood, earthquake and tsunami.
Industry-owned cat modelling framework launches
An industry-owned catastrophe modelling framework has launched today aiming to reduce costs and increase flexibility for its users.
C-Suite: Different expectations pose risk
The government and the industry are not on the same page when it comes to motor premium reductions.
Ace hires Willis’ Stuart Elliot to grow terrorism book
Ace Group has appointed Stuart Elliot as terrorism and political violence underwriter responsible for growing the its terrorism book.
ABI’s Evans slams lack of political courage on young drivers
The Association of British Insurers has condemned stalled progress on a government green paper investigating updated rules for young drivers.
Philippines promotes catastrophe risk financing initiative
The United Nations Office for Disaster Risk Reduction has teamed up with Willis Re and Munich Re to propose a new approach to catastrophe risk financing for the Philippines.
Willis' Thomas moving to Singapore
Neil Thomas, executive director, energy, property and casualty claims at Willis is moving to Singapore from London in February to help him concentrate more on Asia.
Willis UK restructure not aimed at 'cost cutting'
The restructuring of Wills Group’s UK operations is designed to fuel growth and is “not an exercise in cost cutting” according to UK retail head David Martin.
2014 tipped to see consolidation surge as sector’s M&A appetite increases
Regulatory certainty, soft market and economic recovery make deals likely.
Marsh boss raises doubts over customer benefit of quota share deals
Marsh UK and Ireland chief executive Mark Weil has admitted that doubts remain over the customer benefits of quota share deals, such as the arrangement made last year between Aon and Berkshire Hathaway.
Willis acquires specialist broker Charles Monat
Willis has acquired Charles Monat, a life insurance broker to high net worth clients, to bolster its Global Wealth Solutions operation.
Reinsurance renewals remain ‘tough’ despite reduced concerns over PPOs
Insurers benefiting from non-motor rate reductions across the board.
Doug Smith appointed to corporate consultancy role
Former Willis and Marsh boss Doug Smith has joined Insight Insurance Consultancy’s corporate insurance consultancy business.
Market Moves: 9 January 2014
Ecclesiastical, LV, Ageas, Zurich and Torus are among the insurers recruiting this week, while Willis, and Arthur J Gallagher are the brokers making moves.
My Licence: Seal of approval
While the My Licence driver data-sharing initiative may have some obstacles to overcome, the industry consensus is that it should benefit all parties involved in motor insurance.
Willis hails 30% increase in solicitors' PI market share
The UK legal services practice of Willis Group has grown its market share of the solicitors’ professional indemnity insurance market by around 30%.
Axa restructures Manchester branch
Insurer Axa has restructured its Manchester branch in a bid to better support local brokers.
Gallagher grows north-east office with sales director appointment
Arthur J Gallagher is growing its management team in north-east England with the appointment of Martin Atkinson as UK retail sales director.
Willis predicts unprofitable airlines market by 2015 as soft market continues
Unprecedented levels of competition, growth in exposures and low loss levels are driving premium reductions for insurance buyers during the busy airline renewal season according Willis Group Holdings.
Willis unveils global head of casualty
Willis Group has appointed Seth Peller to the newly created role of Global Head of Casualty, effective January 2014.
Paul Fairhurst appointed to AJG Manchester role
Paul Fairhurst has been appointed Arthur J Gallagher Manchester office head for the UK retail division.
Europe: Ecall opportunities
What does the long-anticipated road safety initiative Ecall – set to be introduced across the EU in October 2015 – mean for the insurance industry?
Willis names Owens as CEO of amalgamated captive business
Willis Group has appointed Paul Owens as chief executive of the newly formed Willis Global Captive Management business.
Turvill to continue as NED after retiring as Willis International chair
Willis International chairman Sarah Turvill will step down from her role at the end of the year before taking on a non-executive director position on the board.