Willis Towers Watson

Aon-WTW on track to close with no divestitures: Davies

Aon management have reiterated their confidence that the Willis Towers Watson deal will close without the need for divestitures, including in reinsurance.

Aon-Willis deal stays on course for H1 2021 completion: Haley

Willis Towers Watson’s combination with Aon remains on course to complete in the first half of 2021, Willis CEO John Haley told the broker’s second quarter earnings call.

Willis Towers Watson posts 4% organic growth in CRB segment

Willis Towers Watson posted organic growth of 4 percent in its Corporate Risk & Broking (CRB) segment during the second quarter of 2020 driven by continued expansion in North America.

WTW adds former Marsh SVP Toms to aviation unit

Willis Towers Watson has added former Marsh senior vice president Simon Toms to its London-based aviation business, The Insurer can reveal.

Aviation market faces $190mn loss on Chubb-led Ethiopian Airline fire

Insurers in the aviation market are facing a $190mn loss for an Ethiopian Airlines 777 freighter which caught fire at Shanghai Pudong Airport last week, The Insurer can reveal.

Rising tide buoys brokers too

While there are many challenges to be navigated for the P&C sector in the Covid-19 fallout, surging pricing is proving to be a fillip that is lifting brokers as well as carriers.

Truist offers positive organic growth read-across for broking sector

Allied to a more bullish outlook from Arthur J Gallagher at its recent investor meeting and Aon’s move to end its salary cuts, Truist Insurance Holdings’ disclosure on Q2 organic growth adds to incrementally positive news from brokers about the impact of Covid-19 on their business.

DOJ requests additional information on Aon-Willis merger

The antitrust division of the US Department of Justice (DOJ) has issued a so-called “second request” to Aon and Willis Towers Watson (WTW) over their merger, with the parties conceding in a proxy filing “it could take a significant period of time to achieve substantial compliance”.

Hope is not a strategy … so Case and Aon took a different path

A week ago today, Aon announced it was ending its controversial salary reduction scheme (and repaying the deferred sums, plus an additional five percent). Shortly afterwards, we asked CEO Greg Case whether he regretted the decision.

Willis Re names Lockton Re’s Moss co-head of specialty casualty

Willis Re has formally named the former Lockton Re head of international P&C reinsurance, James Moss, as co-head of Willis Re Specialty’s casualty practice.

AJ Gallagher a likely buyer of Willis Re if sold: Wells Fargo

AJ Gallagher (AJG) would be “strongly positioned” to buy Willis Re if it is necessary to divest the reinsurance broker as part of the Aon-Willis transaction, according to Wells Fargo analysts.

Covid-19 drives down global M&A deals

The impact of the economic uncertainty caused by the Covid-19 pandemic has significantly driven down global dealmaking in the first six months of 2020, with North America showing the sharpest decline.

Covid-related (re)insurer capital raising hits $16bn: Willis Re

Willis Re has estimated industry Covid-related capital raising at $16bn, with the broker adding that it is also seeing increased activity in capital-motivated reinsurance transactions.

Covid-19 is further catalyst for retro hardening: Willis Re

The Covid-19 fallout has proved to be a further catalyst for all round market hardening in the non-marine retro market, driving uncertainty over losses, ILS capacity constraints and increased ILW purchasing, according to Willis Re.

US treaty market leads reinsurers’ drive for rate adequacy: Willis Re

There was hardening across US property and casualty reinsurance lines at the mid-year renewals with the region leading the way as reinsurers pushed for rate against a backdrop of Covid-19 uncertainty, according to Willis Re.

Willis Re adds Aegon’s van Excel to Dutch office

Willis Re today has hired senior ILS underwriter Kirsten van Exel as executive director of its Dutch team.

Willis Towers Watson confirms middle market group captive with The Hartford

Willis Towers Watson has confirmed the launch of a group captive solution for upper middle market companies that will be fronted by The Hartford in a move first revealed by The Insurer.

US commercial insurance rates up over 6% in Q1: WTW’s Clips

Willis Towers Watson is the latest to provide a data point for surging US commercial rates in the first quarter, with its Commercial Lines Insurance Pricing Survey (Clips) indicating an aggregate price increase of over 6 percent.

Willis realigns exec pay with group results in Covid-19 response

Willis Towers Watson has changed the short-term incentive compensation programme (STI) for its most senior executives for 2020 to shift the emphasis to enterprise financial results and away from business segment, geography or corporate function performance.

Power insurers’ withdrawal from fossil fuels slower than it looks: Willis

The withdrawal of insurers that have announced they would no longer write coverage for coal-fired plants is much more gradual than it seems, Willis Towers Watson has noted in a report on the power sector.

Region

Topics

Events & Conferences

Content Types