Willis Towers Watson
Willis: Unprecedented stability in the aviation market
A lack of large losses has created stability in the aviation market, according to a report by broker Willis.
Aon Benfield director appointed CEO of Willis' Chilean operation
Global broker Willis has appointed Alejandro Vaccaro as chief executive of the company's Chilean facultative reinsurance division.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
D&O may fall short of covering directors for cyber risks
The expanding online universe has introduced new financial risks that may not be covered under general and professional liability insurance, including standard directors' and officers' policies, Willis Group Holdings has warned.
Cyber crime risks on the rise
Willis has warned that "ignorance is no defence" when it comes to ensuring that companies are protected against data breaches as the risk of cyber incidents increases.
Willis' European growth held back by declines in Spain and Netherlands
Willis Group has reported net income from continuing operations of $332m for the six months ended 30 June 2012, compared with $119m in the same period a year ago. Operating income increased to $496m (H1 2011: $395m).
Plumeri admits Willis' mettle has been 'tested' as revenue remains flat
Willis Group has reported net income from continuing operations of $332m for the six months ended 30 June 2012, compared with $119m in the same period a year ago. Operating income increased to $496m (H1 2011: $395m).
Market moves: MGAs the main movers as three firms make new hires
While the Managing General Agents Association made the trade press this week, MGAs followed suit with several new hires at Pioneer Underwriting, Asta and Sagicor at Lloyd's.
Willis opens super-yacht office in Barcelona
Willis Group Holdings is opening a new super-yacht insurance broking office at the prestigious MB92 shipyard in Barcelona.
Willis opens Spanish super-yacht broker
Willis Group Holdings has outlined plans to open a super-yacht insurance broking office in Barcelona.
Harrison takes EMEA role at Towers Watson
Global professional services company Towers Watson has appointed Keith Harrison to head up its reinsurance brokerage business in the Europe, Middle East and Africa region, following the appointment of his predecessor, Ross Howard, as global leader of its…
Climate Change: Turbulent times
With climate change a growing global concern, how is the insurance industry playing its part in saving the planet?
Catastrophe reinsurance market nears strategic shift
The catastrophe reinsurance market may be on the cusp of a strategic shift, with third-party capital providers set to take on increasing amounts of peak catastrophe risk in the future.
Willis restructures international operations
Willis International has reorganised its Asia Pacific, Middle East and Africa operations amid a management resuffle.
Willis strengthens leadership in Asia and Middle East
Willis International has created three regional business units under new and expanded leadership in recognition of the size, growth and strategic importance of its Asia Pacific, Middle East and Africa operations to Willis Group Holdings.
Market moves: Zurich and Mitsui continue recruitment push
Last week's busiest recruiters, Zurich and Mitsui Sumitomo, followed their recent appointments with the addition of more new staff. Mitsui has added two members to its underwriting team, while Zurich welcomed a new head of human resources.
Willis extends Guernsey foothold
Willis has been issued with a full commercial lines licence to conduct insurance intermediary services in Guernsey.
Willis granted intermediary licence on Guernsey
Willis Group Holdings has been issued with a full commercial lines licence to conduct insurance intermediary services in Guernsey under the Insurance Managers and Insurance Intermediaries Bailiwick of Guernsey Law, 2002.
Brokers surprised as US firm adds fracking to 'prohibited risks'
US insurer Nationwide Mutual Insurance Company has become the first major insurance company to confirm that it will not cover damage related to hydraulic fracturing.
Towers Watson promotes Howard to insurance and reinsurance global leader
Towers Watson has appointed Ross Howard, pictured, to global leader for its insurance and reinsurance brokerage business effective from 1 October.
Market moves: Insurance takes the initiative
Last week saw the recruitment initiative wrestled back from the broking sector, with the majority of hires coming from within the insurer space. Headline appointments in that sphere came thick and fast in the form of a changing of the guard at Catlin…
Faber Global expands in Asia with Singapore office
Faber Global, the facultative and wholesale reinsurance arm of Willis Group, has increased established a presence in Singapore to cover facultative reinsurance for Singapore and Asia.
Willis creates new marine division in Singapore
Broker Willis has extended its risk management consultancy operations in Asia with the formation of a marine technical services division in Singapore, and has recruited Sau Weng Tang to spearhead the expansion.
A mutual future?
Regulations like Solvency II will have a significant impact on mutuals across Europe. Francesca Nyman asks whether the model will survive.