Willis Towers Watson
Willis UK given chartered broker CII status
Broking giant Willis has been awarded chartered insurance broker status for its UK business by the Chartered Insurance Institute.
Willis makes European captive hire
Willis has appointed Lesley Harding as chief executive officer of the Willis Global Captive Practice in Europe.
Willis appoints new European captive head
Lesley Harding has been named chief executive officer of Willis' global captive practice in Europe, effective 1 March.
Periodical Payment Orders: Unhappy New Year
Periodical payment orders gave motor insurers a headache in the renewals season as reinsurers struggled to come to terms with them.
Market Moves: Markel, Axa and Argo head the recruitment trail
Insurers hit the recruitment trail hard last week after recent broking dominance, with notable hires at Markel, Axa and Argo. It was a quieter few days for those on the periphery of the industry, although some of the slack was inevitably picked up by the…
Top five European news stories
The top five European news stories from www.insuranceinsight.com over the past seven days.
Willis COO Ghezzi departs in cuts programme
Willis chief operating officer Gioia Ghezzi is to leave the firm as part of plans to cut 200 jobs across the business.
Towers Watson adds to M&A team in Singapore
Professional services firm Towers Watson has appointed Alan Merten (pictured) as director, risk consulting & software, and a member of its Asia Pacific leadership team.
Willis deputy chairman to step down
Willis Group’s deputy chairman Martin Sullivan will leave the firm in May 2013 to pursue other interests.
Willis deputy chairman Sullivan exits
Willis Group’s deputy chairman and global solutions chief executive Martin Sullivan is to depart the broker in May.
Willis reveals $446m net loss
Global broker Willis recorded a net loss of $446m for the 2012 financial year, in stark contrast to the previous year’s $203m profits.
Willis reports $446m 2012 net loss
Willis group has posted a total net loss of $446m for the year ending December 31 2012, a significant swing on last year’s result of $203m profits, alongside plans to cut 200 jobs.
Top five European news stories
The top five news stories from wwww.insuranceinsight.com over the past seven days.
Senior US casualty reinsurance duo joins Towers Watson
Mark Higgins and Fraser Howard will Towers Watson from Aon Benfield, in a move that seeks to cement the firm’s position in the US casualty treaty reinsurance broking in the London Market.
Insurance Insight Q+A: Mark Saunders, Towers Watson
Insurance Insight interviews Mark Saunders, managing director, Hong Kong and managing director for the insurance sector, Asia Pacific at Towers Watson.
Willis: Cat bonds hit a new high in 2012 with 37% increase
Last year saw the second highest level of catastrophe bond issuance on record signalling strong growth in the market, according to Willis Capital Markets & Advisory.
Gender Directive: The Sex Factor
As consumers come to terms with gender-neutral pricing, motor insurers continue to sweat over alternative rating factors and rebalanced underwriting models.
Reinsurance: Superstorm in a teacup?
While destruction wreaked by Superstorm Sandy hasn’t hit the reinsurance sector as hard as might be expected, the market faces challenges in the shape of overcapitalisation and PPOs.
Spotlight On: Telematics: Map Reading
In the flourishing world of telematics-based car insurance, the concept of a vehicle score to evaluate individual risk has become ubiquitous. But are all scores equal?
Spotlight On: Telematics: On the road to a new era
Has the EU Gender Ruling finally brought telematics to the fore to drive new growth in the motor sector?
Insurers upgrade Sahel risk forecast following hostage situation
The potential spread of Islamic terrorism from Mauritania in the West to the Horn of Africa in the East has become a profound threat to security, livelihoods and stability in the Sahel, according to Special Contingency Risks.
Market moves: Busy week for insurers sees sector take on seven new recruits
Following a week of broker domination in recruitment, insurers have battled back in a big way with no fewer than seven headline hires at companies ranging from agricultural insurer Rural to Lloyd's syndicate Aegis London.
To list or not to list? More Chinese insurers tipped to seek IPOs in 2013
Chinese insurers have started to raise money from equity issuance in the past two years as regulations and market appetite make the option more attractive, writes Andrew Tjaardstra.
South Korea, Turkey, Indonesia and Mexico next economic "juggernauts," claims Willis
Preparing for a new wave of emerging markets is one of the key risks businesses face over the next 12 months according to broker Willis.