Willis Towers Watson
Willis blames restructuring for profits fall
Willis has reported its net income for the six months to June 30, 2011 was $119m down from $293m in the same period a year ago, which the broker is mainly attributing to restructuring costs of $115m.
Leisure industry irresistible target for cyber pirates
The vast quantities of personal and identifiable information collected by the leisure and hospitality industry has made it a chief target of cyber attacks, according to global insurance broker Willis Group Holdings.
Towergate MD claims network members will make more money with BN, than Willis
Broker Network has stepped in to offer Our Network members the opportunity to make more money, despite the Broker Direct arm agreeing a tie up with Willis earlier this week.
Leisure industry irresistible target for cyber pirates
The vast quantities of personal and identifiable information collected by the leisure and hospitality industry has made it a chief target of cyber attacks, according to global insurance broker Willis Group Holdings.
Willis announces Broker Direct network tie up
Willis Networks and Broker Direct, through its commercial insurance solution Our Network, have entered into a strategic alliance that will allow their respective members access to the services and facilities of the other.
Airline carriers see lowest losses in six years
The airline industry experienced an eerily quiet first half of the year, with losses of just $400m, the lowest total in six years, according to the latest report from the Aerospace division of Willis Group Holdings.
Airlines enjoying "calm before the storm" according to Willis report
A low level of airline industry losses recorded in the first half of 2011 could be the “calm before the storm”, according to Willis’ aerospace division.
Lawyer speaks out over Willis fine
Osborne Clark partner Tim Boyce has commented on the record multi-million pound fine imposed on Willis by the FSA.
Willis fined record £6.9m for FSA handbook breaches
UK insurance broker Willis, a subsidiary of Willis group holdings, has reached a settlement with the Financial Services Authority for breaches of the FSA Handbook.
Willis Research Network launches Economic Capital Forum
Risk and actuarial research departments have come together under the Willis Research Network, the academic and analysis arm of Willis Group Holdings, to support the industry’s development and use of economic capital models required under Solvency II and…
Willis: weather losses cause fall in cat bonds
Willis has blamed unprecedented natural catastrophe losses and changes to US hurricane models for a drop in catastrophe bonds.
Penny Black's insurance week
As if the big brokers don't have enough on their plate contending with regulators breathing down their necks, Aon and Willis now have to ward off Decepticons too.
Insurers feel the pressure of rising motor claims costs
The increasing cost of motor insurance is putting more financial pressure on insurers, who last year paid out £1.24 for every £1 collected in premiums.
British Insurance Awards 2011: A star performance
YOUNG ACHIEVER OF THE YEAR AWARD - WINNER - TOM STEPHENSON, WILLIS
British Insurance Awards 2011: The dynamic duo
THE TECHNOLOGY AWARD – WINNER – WILLIS AND ACTURIS
Winners speak out from BIA 2011
Re-live the 2011 British Insurance Awards with this short video featuring many of the winners giving their responses to being acclaimed at the Royal Albert Hall.
Broker networks: Member merits
Brokers often highlight the merits of network structures but is their enthusiasm shared by insurers? Peter Knowles reveals what underwriters really think about the membership model.
Interview - Rob Brown: The best job in the market
Despite being one to shun the limelight, Rob Brown, chief executive of Aon UK, has no qualms about answering his critics over the firm's carrier charge and contingent commissions, admitting he is pleased with progress to date. Daniel Dunkley reports.
Sandy Scott takes Achievement Award at 2011 British Insurance Awards
Sandy Scott, chief executive, Chartered Insurance Institute, was given the Achievement Award at the British Insurance Awards at the Royal Albert Hall tonight in front of 1800 fellow industry professionals.
Reinsurers face hefty costs after ‘exceptional’ run of nat-cats
Reinsurers and insurers are facing hefty costs following an ‘exceptional’ run of natural catastrophes over the past 16 months, a Willis Re report has found.
People moves – 30 June 2011
A round-up of people moves and new appointments in the industry, as featured in the 30 June 2011 edition of Post.
Aspen names head of distribution
Aspen Insurance has appointed Jonny Atkinson as manager, distribution and business development in the UK.
Motor insurers pay out £1.24 for every £1 premium earned
One in four UK third-party motor claims now involves a bodily injury element according to Towers Watson.
Willis names Spanish MD
Fernando Fedriani has been named managing director of Willis Facultative Spain.