Willis Towers Watson
Plumeri eager for smooth handover
Outgoing Willis chief executive Joe Plumeri has vowed to do all he can to ensure continuity as the firm shifts to new leadership under Dominic Casserley.
Airmic unveils new 90-day reservation of rights clause
The industry has backed a clause created by risk management association Airmic which gives insurers a 90-day cooling off period to freely exchange information with the policyholder before resorting to the reservation of rights.
Top five Asian news stories
The top five Asian news stories from wwww.insuranceinsight.com over the past seven days.
Willis Group moves to one IT platform
Willis Re has moved 500 of its international employees onto one single software platform for the first time.
Willis implements Sequel software in UK and India
Willis Re, the reinsurance arm of global broker Willis, has implemented Sequel’s Eclipse broking software.
Can Germany's local brokers serve global firms?
After calls for the German insurance market to open up to the international market, Francesca Nyman asks whether it could really support new business from this quarter.
Is a hard market dawning in Germany?
With the Eurozone crisis, impending Solvency II regulations, and deteriorating loss ratios in certain lines, Francesca Nyman asked German insurers whether the market will harden in the next 12 months.
In Series: External data perception - Changing perceptions
How can the industry make consumers more comfortable with the collection and use of their personal data?
Plumeri puts Sandy industry losses at $50bn
Outgoing Willis chairman and chief executive Joe Plumeri believes that insured losses arising from superstorm Sandy could be up to 10 times higher than the early industry estimates of $5bn (£3.15bn).
Post magazine - 15 November 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Sandy is a muted point for pricing, Willis finds
Superstorm Sandy is unlikely to have an impact on pricing, according to estimates by Willis Capital Markets & Advisory.
Willis takes D&O cover down under
Willis has rolled out its Darcstar directors all risks cover across the Asia-Pacific region to Hong Kong, Singapore and Australia.
Willis launches D&O product in Asia-Pacific region
Willis has introduced its Darcstar directors all risks cover to Hong Kong, Singapore and Australia.
Superstorm Sandy: direct wind not to blame for buildings damage
Damage from storm surge and flooding caused by superstorm Sandy is widespread and extensive, but there is only minor damage to buildings from direct wind, according to a report released today by Willis Re.
Liberty Mutual names Marsh broker as Scotland lead
Commercial lines underwriter Liberty Mutual Insurance has recruited Caroline Inglis to head up a new Scottish operation.
Giles appoints corporate risks branch director
Independent insurance broker Giles has appointed John Leckie as branch director for its corporate risks business.
Jumping into the multi-national risk pool
Multinational pooling of group risk products seems to have so many benefits it's a 'no-brainer' but, as Edmund Tirbutt reports, the European market is holding back and wondering whether it's too good to be true.
ProSight names Towers Watson director as syndicate CRO
ProSight has appointed Ryan Warren as chief risk officer for its Lloyd's Syndicate 1110.
Motor insurance market reviews plans ahead of legislation and slowdown
Direct Line Group is primed to "execute a range of strategies" depending on how changes to the legal landscape play out next spring, according to the insurer's chief executive Paul Geddes.
Smaller brokers get niche to tackle emerging Asian markets
Small brokers in South East Asia are turning to specialist insurance products that are considered too niche to be of interest to their larger counterparts as Nicky Burridge reports.
Top 25 EC3 Brokers Spotlight
A run-down of the top 25 City brokers.
Market moves: Ace and Hiscox lead the recruitment drive
Ace and Hiscox were the most active in the recruitment space this week, making three changes apiece.
In Series: External Data - Thinking outside the box
Are insurers making the most of external data by using it to do more than simply price risk?
Firms unprepared for Sandy BI losses, Willis' Texeira warns
Hurricane Sandy could cost insurers between $5bn and $10bn, according to a report in The Wall Street Journal, while Bloomberg reports that the hurricane's toll is poised to cause $20bn worth of "economic damage".