Willis Towers Watson
Towers Watson warns against Solvency II recruitment reliance
Professional services company Towers Watson has warned insurers against on an over-reliance on recruitment if they are to convince the Financial Services Authority they are making progress towards Solvency II compliance.
Biba welcomes NY broker commission stance
The British Insurance Brokers' Association has welcomed the decision by US insurance officials to allow three major brokers to resume accepting contingent commission, bringing legislation more in line with the UK.
Rims “dismayed” at contingent commissions decision
The Risk and Management Society has expressed its dismay at the New York Insurance Department and Attorney General’s decision to allow brokers Aon, Willis and Marsh to accept contingent commissions.
Willis, Aon and Marsh reach agreement with NY insurance superintendent
The new agreement specifically recognizes that brokers met its obligations under the 2005 AOD over the last half decade, and ends many of the requirements imposed by the agreement.
Willis reiterates commissions stance
Willis chief executive Joe Plumeri has reaffirmed that the broking giant will not go back on its decision to abolish contingent commission.
Towers Watson hires consultant
US financial services company Towers Watson has named Ashley Mims, senior consultant in its reinsurance brokerage business.
Marsh and Guy Carpenter earnings up
Rising revenues at (re)insurance brokers Marsh and Guy Carpenter reported increased fourth quarter revenues - although owner company MMC reported more mixed results.
Willis to broke multi-billion pound helicopter deal
Willis has won the broking rights to a major UK government helicopter account, Reinsurance has learnt.
Torus adds two brokers to start San Francisco business
Insurer Torus said that it is opening an office in San Francisco.
Willis cut 450 positions in 2009
Willis cut 450 positions in 2009, the company's 2009 results revealed.
Willis sees revenue and income rise in 2009
CEO Joe Plumeri hails last year as "momentous" as it records revenue of $3.3bn.
Interview: Ross Howard - In capable hands
Katherine Blackler talks to Ross Howard, chief operating officer (Europe) at Towers Watson's reinsurance brokerage, about the merger between Towers Perrin and Watson Wyatt and what this year will bring for reinsurance brokers
Central eyes opportunities after £1.2m move
Aberdeen-based broker Central Insurance has hired former Aon, Willis and Axa staff to operate its new office in Glasgow, after investing £1.2m in the new venture.
Willis appoints interim CFO
Stephen Wood, Willis global group financial controller, replaces Patrick Regan on 19 February.
Senior trade credit broker defects to Aon Benfield
Political risk and trade credit broker Steve Hart has moved from Willis to Aon Benfield, Reinsurance has learned.
Torus appoints group CRO
Torus has appointed Carl Groth as group CRO.Based in New Jersey and reporting to chief executive Clive Tobin, Mr Groth will drive the development of a comprehensive and integrated enterprise risk management programme for the group worldwide.
London market throws off "macho" resistance tag
The London market is on track to manage the "vast majority" of its claims electronically by 2011 despite persistent resistance to change within the sector, London Market Group chairman Barnabas Hurst-Bannister has claimed.
FSA warns brokers of "intrusive" supervision
The Financial Services Authority has made the handling of client money its "number one" target in its supervision of insurance brokers in 2010, according to the British Insurance Brokers' Association.
Willis extends Plumeri contract
Broking giant's chairman and CEO sees his contract extended.
Willis North America appoints chief placement officer
Alastair Swift to relocate from London to New York for new role.
Willis the lead broker for $7m ransom supertanker
Willis is the lead broker for the Greek tanker released by Somali pirates after record $7m ransom paid. Small shares of the business also broked by Marsh and Aon.
Macey-Dare returns to Marsh
Julian Macey-Dare leaves Willis to lead international political risk and structured credit business at Marsh.