Willis Towers Watson
London market set for further broker M&A
Mergers and acquisitions among London market insurance brokers are likely to increase in 2014 according to Deloitte.
Market Moves: Firms hopeful new hires will be Christmas crackers as recruitment enters festive frenzy
The insurance industry has sought to get its Christmas shopping done early, bringing home a number of presents for clients this week. Aviva tied a ribbon around Fraser Edmond, who replaces Sam Hudson as broker performance director, Zurich unwrapped Tim…
Review of the Year: Broker: Action packed
Major acquisitions and people moves across the sector meant 2013 was a busy year for brokers – so how do broking bigwigs feel about the past 12 months?
Bowring Marsh's Ashby to lead Willis' global multinational arm
Willis has appointed Simon Ashby as chief executive officer of Global Solutions International, the company’s large multinational arm.
Gorkana founder backs insurer network
Insurance social network My Slipcase has gained backing from the founder of public relations site Gorkana, less than 18 months after launching.
Review of the Year: Lloyd’s: 325 not out
After celebrating its 325th birthday this year, Lloyd’s is still looking to innovate. Key figures in the market review the past 12 months and look forward to the coming year.
Lockton expands global technology practice
Broker Lockton is expanding its global technology and privacy practice with three staff moves in major cities to support clients on cyber liability and related risk management issues.
Trio of underwriters join Warrior as Hiscox bolsters casualty team
Hiscox has boosted its casualty team with the appointment of three underwriters with management liability experience to work with ex-Beazley D&O specialist Chris Warrior to build the US and international books of business.
Lloyd’s: A period of adjustment
In a challenging year for the market, how is Lloyd’s responding to regulatory changes, international competition and the potential threat posed by passive underwriting structures?
Tysers boosts marine team with senior Willis hire
Independent Lloyd’s broker Tysers & Co has appointed Simon Higginson as a director of its marine division.
Motor players facing 2013 profitability slump, claims report
Motor insurers are being dragged further away from profitability as a result of a combination of competitive pressure on pricing and firms over-estimating the impact of cost savings arising from civil litigation reforms.
Claims Awards Asia: the winners
Last night the winners of the Claims Awards Asia were announced at the inaugural awards ceremony in Hong Kong.
Directors’ & Officers’: Much aD&O about nothing
Despite some predicting an uncertain period for the directors’ & officers’ sector following a government discussion paper and a high-profile claim refusal, unconcerned market insiders explain why education is their current priority.
View from the Top: Roll out the red carpet
The final quarter of the year is a time for reflection when we pause to look back on what the year brought our way, what we achieved and where we can improve. This is also the season of awards ceremonies to celebrate the achievements of the best across…
Good fourth quarter renewal prospects for airlines, says Willis
Abundant capacity, high levels of competition, limited loss activity and an aggressive broking community will benefit airline insurance buyers renewing in the final quarter of 2013, according to Willis Group.
Airline insurance buyers to benefit from high capacity and competition
Abundant capacity, high levels of competition, limited loss activity and an aggressive broking community will benefit airline insurance buyers renewing in the final quarter of 2013, according to Willis Group.
Willis sidecar backed by Agencyport software
Willis’ recently unveiled Global 360 capacity initiative is to use risk exposure software from Agencyport.
JLT launches new reinsurance venture
JLT has launched a reinsurance arm under the name JLT Towers Re, following the acquisition of Towers Watson’s reinsurance broking business.
ABI predicts St Jude storm to cost insurers £130m
The Association of British Insurers is estimating insurers will have to pay out £130m to policyholders following last week’s St Jude storm.
My best XV Selected by Russell Berry, Towergate
Russell Berry, graduate trainee at Towergate Underwriting, selects his best XV and wins two tickets to see England v Argentina on 9 November in the QBE Rugby Internationals.
Europe-wide Windstorm Christian losses could hit €1.3bn
Losses from a storm hitting Northern Central Europe could top €1.3bn according to latest estimates from Willis Re.
RSA, Aviva and Lloyds subsidiary in frame for storm losses says Moody’s
Losses from the St. Jude’s Day storm are expected to suppress insurer’s 2013 profitability, particularly against the backdrop of declining premium rates in property insurance in recent quarters.
Insurers set to pay the price after St Jude storm wreaks havoc in the South
Property damage from fallen trees expected to be among major costs.
Willis reports $27m net loss
Willis Group has posted a total net loss of $27m (£16.83m) for the third quarter of 2013, cutting the broker's profit by 17% for the first nine month of the year.