Willis Towers Watson
Motor Insurance: Jumping the gun
Motor insurers’ over-eagerness to reap the anticipated benefits of the Legal Aid, Sentencing and Punishment of Offenders Act has resulted in a sharp drop in rates. With unprofitability increasing, where does the sector go from here?
Willis Re forecasts at least £300m loss from St Jude storm
UK losses from storm St Jude are likely to be in the region of £300-£500m, according to Willis Re.
Willis unveils specialty capacity placement strategy
Willis has pulled back the curtains on plans for three insurers to provide additional capacity for up to 20% of the its London specialty risk portfolio.
Gibraltar-based motor insurers outperform UK counterparts
Niche offerings help domiciled firms achieve sub-100% CORs.
Towers Watson research finds 70% of global insurers considering M&As
International insurers are regaining their appetite for mergers and acquisitions, according to a Towers Watson and Mergermarket survey of senior insurance M&A executives.
Motor premiums continue “record drops” in Q3 says the AA
A dramatic plunge in car insurance premiums is continuing according to the latest figures from the AA.
Europe a reinsurance buyer’s market claims Willis Re
Increased capacity, competition and changing market dynamics have created a buyer’s market for European cedants according to Willis Re.
Gibraltar-based insurers emerging from 'price war' unscathed
Motor insurers domiciled in Gibraltar wrote £2.6bn worth of premiums last year, accounting for approximately 16% of total UK motor premium.
Fall in motor premiums blamed on 'traditional price war'
Market insiders have dismissed claims that price drops in motor are reacting to recent civil justice reforms, blaming the fall on “old fashioned market forces”.
Comprehensive premiums plummet as motor insurers make Laspo 'gamble'
The average price of a comprehensive motor policy has fallen by 13.9% over the course of the year, according to the latest Confused Car Insurance Pricing Index in association with Towers Watson.
Market Moves: Zurich departures and Tripp’s return top what has been a busy week for the market
It was a busy week for insurers seeking to bolster their numbers, with HSB, Avanti and Sterling among the firms to bring in new faces. Zurich, however, may have made the most significant announcement in the form of the departures of two of its broker…
Telematics: Long road ahead
Long hailed as the next big thing in motor insurance, telematics is still yet to really take off in the UK – so what’s holding it back?
Michael Tripp joins Mazars as GI partner
Former Ecclesiastical chief executive Michael Tripp has set his sights on developing accountancy firm Mazars’ actuarial business as an alternative offering to Towers Watson.
Concerns grow for solicitors’ PI market as top brokers look to unrated carriers
At least 175 law firms enter EIP as impact of Berliner exit continues.
Willis Group hires Drivas to drive European fac growth
Broker Willis Group has appointed Christine Drivas to its facultative reinsurance division, Faber Global.
Willis hires Drivas to drive facultative reinsurance growth
Broker Willis Group has appointed Christine Drivas to its facultative reinsurance division, Faber Global.
Outgoing Lloyd’s CEO vows to make Aon’s sidecar deal deliver on promises
Merits of Aon’s ‘parasitic’ arrangement with Berkshire Hathaway questioned.
Lloyd's: The burden of regulation
Facing increasing scrutiny from the UK and Europe, Lloyd’s could be in danger of becoming less competitive. By Katie Marriner
JLT Group acquires Towers Watson's reinsurance brokerage
Jardine Lloyd Thompson Group is acquiring the reinsurance brokerage business of Towers Watson for a cash consideration of $250m (£156m).
Spain and Italy most interested in telematics
A majority of drivers in the six largest motor insurance markets in Europe have indicated they are willing to embrace telematics-based products, according to research by Towers Watson.
Older drivers tempted by 'try before you buy' telematics offering
A majority of drivers in the six largest motor insurance markets in Europe have indicated they are willing to embrace telematics-based products, according to research by Towers Watson.
JLT Group to acquire Towers Watson's reinsurance brokerage business
Jardine Lloyd Thompson Group is to acquire the reinsurance brokerage business of Towers Watson for a cash consideration of $250m (£156m).
Expertise in Action: Technology: Open to attack
Despite several high-profile cyber attacks on major corporations, the insurance industry is still behind the times when it comes to cyber liability. How can it catch up?
RKH recruits from Aon to expand fine art team
Employee-owned insurance broker R K Harrison has hired Alison Hillier and Annabel Brownhill from Aon Artscope to expand its fine art team.