Willis Towers Watson
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.
Willis unveils seafarer repatriation policy
Broking giant Willis has launched a new liability policy to cover costs from repatriating stranded seafarers.
Reinsurers demand greater decision-making powers as wreck removal costs soar
Munich Re is calling for reinsurers to have more say in decisions relating to marine salvage and wreck-removal operations against the backdrop of increased politicisation and escalating costs surrounding the Costa Concordia cruise liner wreck.
Interview: Julian James: Creating an Allied World
Six months into his role as president of Allied World Europe, Julian James is targeting new lines and new regions as he plans to build a bigger and stronger business
Capital influx could displace traditional equity capital - Willis Re
The influx of third-party capital into the reinsurance market may displace up to $40bn (£25.5bn) of traditional equity capital, which could either be returned to shareholders or redeployed elsewhere in the reinsurance market, according to Willis Re.
Woods appointed co-chairman of GC's mutual company specialty practice
Guy Carpenter & Company has appointed that John “Jay” Woods as co-chairman of the recently formed mutual company specialty practice.