Willis Towers Watson
Argo International swoops for Willis wordings specialist
Lloyd’s insurer Argo International has recruited Willis wordings specialist Jill Unsworth.
Investment: Diminishing returns
Insurers are predicted to find it increasingly difficult to make high yields from investments, so what can the industry do to turn the tide and increase returns?
Willis in bid to acquire Towers Watson
Willis is said to be in the race of acquiring Towers Watson’s reinsurance arm, according to reports.
Willis signs up to Xchanging’s outsourcing service
Willis has become the first broker to sign up to Xchanging’s outsourcing service for the collection of defence fees.
Cable’s accountability plans increase D&O brokers risk management role
Brokers selling directors’ and officers’ policies could be called upon to ‘plug the gap’ between policyholder expectations and insurance cover following tough new government proposals aimed at increasing the responsibility of company executives.
Brokers fear Law Society MGA could prove too late for solicitors
The Law Society must launch its professional indemnity managing general agency soon or risk being too late to help solicitors ahead of this year’s October renewals, market insiders have warned.
Underwriters under pressure to secure facility deals to remain in London market
Lloyd’s underwriters have been warned they may have to secure facility deals with brokers in order to conduct business in the market in the future, despite a question mark remaining over whether these practices are anti-competitive.
Leader: Will the Lutine Bell fall silent?
In the 17th Century, London’s importance as a trade centre led to an increasing demand for insurance, and Edward Lloyd’s coffee house soon became recognised as the place to obtain marine cover.
Plumeri joins KKR
Former Willis Group chief executive and chairman Joseph Plumeri has been appointed senior advisor at Kohlberg Kravis Roberts & Co LP.
Plumeri joins investment firm KKR
Former Willis Group chief executive and chairman Joseph Plumeri has been appointed senior advisor at Kohlberg Kravis Roberts & Co LP.
Brit developing 'tactics' to counter Aon/Berkshire Hathaway type deals
Brit Insurance chief executive Mark Cloutier claims his firm has a “defensive strategy” in place to counter the impact of an increase in high-profile broker line slips.
Willis weeks away from major deals with London market insurers
Plans by Willis to launch a scheme similar in structure to the deal that saw Aon team up with Berkshire Hathaway come amid criticism of such arrangements.
Market moves: Insurers on top as appointments enter summer lull
Insurers eclipsed brokers in the recruitment race this week, as appointment activity entered its summer lull. QBE property director Finlay Smith returned to RSA and notable hires were also completed at Novae and Covéa, where commercial lines director…
Willis Re's Australia chairman in Bermuda move
Willis Re Australia chairman Michael Harden has been appointed chief executive of Willis Re Bermuda.
Willis Re Australia chair Michael Harden to head Bermuda office
Willis Re Australia chairman Michael Harden has been appointed chief executive of Willis Re Bermuda.
Willis UK in single digit dip as group organic growth increases
Willis’ UK operation experienced a single digit decline in the second quarter, amid a backdrop of the group-wide organic commissions and fees growth of 6.3%.
Willis says cat bond market needs to expand
If total alternative reinsurance solutions like catastrophe bonds are to continue to grow, a wider range of perils should be considered according to Willis Capital Markets & Advisory.
Cat bond market must expand: Willis
If total alternative reinsurance solutions like catastrophe bonds are to continue to grow, a wider range of perils should be considered according to Willis Capital Markets & Advisory.
Rates drop as motor insurers anticipate legal reform windfall
Average car insurance premiums have plunged in the second quarter of 2013, following the implementation of key parts of the Legal Aid, Sentencing and Punishment of Offenders Act.
Vision 2020: Full steam ahead
Despite the report fading from memory, the insurance industry is still on track when it comes to achieving Vision 2020’s key aim to progress the industry
Hardy hires Thomas in non-exec role
Lloyd’s insurer Hardy has appointed a former Willis risk management leader and insurance solicitor to join its board as a non-executive director.
Downward trend in airline insurance premiums set to continue
The loss of an Asiana Boeing 777 aircraft earlier this month will do little to change the downward slide in premium prices in the airline insurance market, a report by Willis said.
Willis Networks picks up a dozen new members
Twelve companies have joined Willis Group Holdings' networks taking its total network membership to 140.
AIG said to be lead insurer for Asiana crash
AIG has been named as the lead insurer providing cover for the Asiana Airlines crash in San Francisco airport on 6 July, Bloomberg reported.