Willis Towers Watson
Towers Watson creates benefits broker operation in Singapore
Towers Watson has established a benefits brokerage operation called Towers Watson Insurance Brokers Singapore.
Atrium agrees to settle MH17 hull war loss
Atrium Syndicate 609 has confirmed it is the lead hull war policy insurer for Malaysia Airlines and has agreed to settle that aspect of the MH17 loss.
MH17 hull war losses unlikely to exceed 2001 Tamil Tigers attack
The costs of hull war risks emanating from the downing of Malaysia Airlines flight MH17 are not expected to exceed the $380m (£222m) losses following the 2001 Tamil Tigers attack on Sri Lanka’s Bandaranaike Airport, according to loss adjusting sources.
Towers Watson appoints managing director in Hong Kong
Global professional services firm Towers Watson has appointed Jeffrey Tang as managing director of its Hong Kong office.
Willis deputy CEO Hearn handed UK leadership
Willis UK chief executive David Martin has been handed a newly created role as the broker’s global leader of placement, with deputy group CEO Steve Hearn replacing him in leading the UK business.
Average UK motor premiums down £17 according to price index
Continuing pressure on car insurance prices for younger drivers has pushed the average cost of a comprehensive motor policy in the UK down by £17 to £579 during the second quarter of 2014, according to the car insurance price index from Confused.com and…
Market warns broadened terrorism coverage could impact reinsurers
Major changes to coverage offered at renewal include extended hours clauses
Softening reinsurance market showing 'no sign of relief' says Willis
The reinsurance sector is seeing significant rate reductions as the excess capital supply in the market continues to chase muted demand, according to Willis Re.
Competition leads reinsurers to drop terrorism exclusion clauses
Heightened competition for reinsurance renewal has resulted in reinsurers withdrawing the terrorism exclusion clauses that were introduced after the September 11 attacks.
Casserley demands transparency on resilience
Willis group chief executive Dominic Casserley has called on firms to publicly report on resilience against natural disasters alongside financial data.
RSA unveils changes to global broker function
Former Benfield Group general counsel Derek Walsh will take over responsibility for RSA’s global broker sales with key relationship managers following the retirement of Paul Donaldson at the end of the month.
Faber CEO Howard departs to lead Willis-funded Acappella
Willis facultative and wholesale reinsurance arm Faber Global has named Alistair Lester as its incoming chief executive ahead of the departure of Jason Howard.
Lockton hires Duncan to head Scotland corporate risks team
Lockton has hired former Marsh and Aon broker Gordon Duncan as head of its corporate risks team in Scotland as it eyes further regional expansion.
Willis launches Shariah compliant real estate product
Willis has launched the UK's first Shariah compliant commercial real estate insurance solution.
Liberty looks to Willis for fine art role
Liberty Specialty Markets has appointed Ross Drabble as deputy class underwriter for fine art and specie.
Willis completes Charles Monat acquisition
The Monetary Authority of Singapore has approved Willis' acquisition of Asia-based specialist broker Charles Monat.
Willis strengthens Swedish operation with £121m acquisition
Willis Group has paid $205m (£121m) to acquire a controlling stake of approximately 75% in Swedish employee benefits advisor Max Matthiessen.
Willis weighing 200 UK jobs for relocation or redundancy
Broking giant Willis is planning to either axe or relocate as many as 200 UK roles, with potential destinations including a lower cost location in Ipswich.
Warmelink rejoins Towers Watson in Hong Kong
Towers Watson has appointed Marco Warmelink as regional director of its risk management practice for Asia-Pacific.
MIB plans PPO research after mortality rates found to be higher than expected
Figures suggest reinsurers are becoming ‘marginally more comfortable’ with PPOs
Willis appoints Everling as Netherlands boss
Willis has appointed Jeroen Everling as chief executive of Willis Netherlands effective from 1 June.
Willis profits rise in Q1 despite 'disappointing' global performance
Willis Group chalked up a 4.4% increase in revenues of $1.1bn (£652.5m) in the first quarter of 2013 alongside a rise in profit of $246m (Q1 2013: $219m).
Interview: David Margrett: Bring it on
Welcoming the FCA’s hands-on approach to regulation as a boon to his firm’s ambitions, Global Risk Partners CEO David Margrett tells Post why he has such confidence in his consolidation goals
Former Aon boss Martin named CEO of Willis Limited
Willis Group has appointed David Martin as chief executive of the group’s principal UK regulated entity Willis Limited.