Willis Towers Watson

Market moves: Insurers are the main movers

Insurers were, once again, the main movers and shakers this week, Ecclesiastical leading the way with the appointment of four new directors, while Allianz, QBE, XL and Arc Legal also welcomed new staff.

Pool for PPOs splits insurers and reinsurers

Insurers and reinsurers are split over the idea of an industry pooling solution to deal with the size and duration of periodical payment orders, according to a straw poll conducted by actuary Towers Watson.

Willis China claims broker first in Chongqing

Willis China, part of Willis Group Holdings, has been granted approval to open a new office in Chongqing by the Chinese Insurance Regulatory Commission, which it claims is a first for a foreign-owned broker.

Management not measurement key in handling risk

Risk management has focused on the harnessing of technology for risk measurement rather than a deeper understanding of risk itself, according to recent research published by Towers Watson.

Willis calls for insured reputation cover

Willis has said a staggering 95% of major corporations have suffered at least one major reputational crisis in the past 20 years, but that less than 10% of these events are insurable.

Willis Re issues Solvency II OSRA guide

Willis Re has released a report discussing the function and contents of the Own Risk and Solvency Assessment under Solvency II, warning that it remains a challenge for insurers of all sizes.

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