Willis Towers Watson
Willis appoints new MD to global placement unit
Willis Group Holdings has appointed former Marsh broker Alastair Burns as managing director of its Insurance Facilities Practice.
Towergate boss joins Power Place
Former Towergate manager Darren Rowe has been appointed sales director of sister company Power Place.
Power market shows softening environment
According to the latest Power Market Review from Willis, insurance rates in the power sector are expected to soften further in 2010, despite the existence of many of the conditions that would normally presage a hardening market.
An in-depth review of the general insurance market in Italy
Despite the introduction of the ‘Bersani law’ looking to liberalise the Italian general insurance sector and increase competitiveness, brokers still have a long way to go to impact on the agent dominated market. But with untapped potential in the market…
Contingent commissions a “conflict of interest” for brokers – Greenberg
Contingent commissions, the once- banned payments that insurers pay to entice brokers, create a conflict of interest and ought not to become prevalent again, Ace CEO Evan Greenberg has said.
Willis UK sees growth after several negative quarters
Willis Group has reported net income from continuing operations for the quarter ended June 30 was $89m, compared with $87m in the same period a year ago.
Post in print - 29 July 2010
Post reporter Amy Ellis outlines the main news from this week's issue of Post.
Brokers at war over contingent commissions
Aon has become embroiled in a war of words with rival Willis after it signalled its intent to once again accept contingent commissions in the US.
Recruitment moves
The latest people moves from the reinsurance world
Willis: Aon backtrack on contingent commissions is "wake up" call to the market
Willis claims Aon's announcement that it would resume accepting contingent commissions “where appropriate and legally permissible” is a wake up call to insurance buyers.
Aon open to the idea of accepting contingent commissions again
Aon today announced it is working with markets to explore the various forms of alternative remuneration available to it which may include supplemental and/or contingent commissions.
Willis ups contingent ante
Willis has stepped up its campaign against contingent commissions, issuing a white paper highlighting the conflicts of interest created by the payments.
Willis publishes contingent commissions paper
Insurance broker Willis has stepped up its campaign against contingent commissions issuing a white paper highlighting the conflicts of interest created by the payments.
Willis, Munich Re and Allianz seal European windstorm deal
Perils AG, the Zurich-based company providing industry-wide European catastrophe insurance data, today announced that in the first six months of 2010 the total placements of insurance risk transactions based on Perils industry loss index exceeded $250m.
Focus on Greece
The European insurance market is facing a tough economic climate but none more so than the Greek market with its government’s financial debt crisis. Edward Murray reports on how the industry is coping.
Reinsurance pricing resists pressure
Major losses from the Chile earthquake and storms in Australia in the first quarter of 2010 have had little impact on pricing in the global reinsurance market.
Willis Re promotes Byng
Willis Re has named James Byng Property Resource group leader for its International and Specialty reinsurance business.
Willis appoints group CFO
Willis has announced the appointment of Michael Neborak to the roles of executive vice president and group chief financial officer.
Willis Kazakh branch is go
Willis has received official approval from local authorities to open a representative office in Kazakhstan.
Willis opens new Eastern European base
Willis has received official approval from local authorities to open a representative office in Kazakhstan.
Willis opens new Eastern European base
Willis has received official approval from local authorities to open a representative office in Kazakhstan.
Willis launches distressed assets practice
Willis North America has unveiled a new distressed assets practice aimed at advising clients on the management of risks associated with financially distressed, foreclosed or abandoned properties.
Willis Re opens Toronto office
Reinsurance broker appoints Robert M. Wildbore as office head for the fourth Canadian office.
Commercial insurance prices remain level for fifth straight quarter
A fragile global economy, excess capacity in virtually every line of commercial insurance and last year's below-average catastrophic losses combined to keep commercial insurance prices flat during the first quarter of 2010, according to global…