WTW

WTW reports 5% organic growth as Q4 earnings beat consensus

WTW has reported organic growth of 5 percent for the fourth quarter of 2022 with adjusted diluted earnings per share coming in above analysts’ consensus.

WTW recruits Aon’s Van Ede as global trade credit head

WTW has appointed Pieter Van Ede as global head of trade credit, responsible for delivering the firm’s global trade credit strategy as an area of focus going forward.

WTW expands analytics suite with ESG Clarified platform

WTW has launched ESG Clarified, an analytics platform designed to generate insights to help organisations understand and address climate, sustainability and wider ESG risks and exposures.

WTW: Geopolitical realignment to exacerbate risks for globalised businesses

A new report from WTW has warned the West’s influence in emerging market economies is continuing to decline, creating “yet more risks for globalised businesses”.

WTW: Russian lessor claims and 1.1 reinsurance increases to weigh on 2023 airline market

Uncertainty around the outcome of billions of dollars in disputed Russian lessor claims will weigh on the airline insurance sector throughout the year, with the sheer size of the potential loss likely to have a “profound impact”, according to WTW’s Adam Hemingway.

Airline insurers positioned for rate rises after oversubscribed Q4: WTW

The fourth quarter airline renewals saw insurers “jostle for position” as they vied to maintain and, in some cases, increase line sizes on slips in preparation for when possible rate rises feed through to the primary market, WTW’s John Rooley told this publication.

WTW launches $50mn excess layer cyber facility, CyXS

WTW has launched a $50mn excess layer cyber facility called CyXS, available to WTW clients that purchased excess layer cyber programmes.

Inflation and FCA reforms drive 19% surge in motor premiums

The cost of a comprehensive motor insurance policy in the UK has increased by 19 percent over the past year, as a combination of regulatory reforms and surging inflation place upwards pressure on prices.

WTW halts trading with James Allen over alleged “probable fraudulent representation”

WTW has sent a note to broking staff notifying them that it recently discovered Indiana-based MGU James Allen did not have the Lloyd’s capacity that it claimed, and that the non-rated insurer being used to support the business is not approved by the retail broker’s market security team.

Aon and WTW settle Miami and Boston hiring disputes

Aon and WTW have agreed to dismiss two lawsuits between the erstwhile merger partners, settling a case brought by WTW over Miami-based fac hires and a case brought by Aon over Boston-based construction hires.

WTW: Nat cat capacity and price to challenge $1bn+ London renewables market

The availability and pricing of nat cat reinsurance cover will be the “greatest influencing factor” for the renewable energy insurance market in 2023, with declining capacity and price increases posing challenges to premium modelling, according to WTW.

WTW pursues bold consolidation of wholesale broking and carrier relationships

WTW is readying a request for proposal (RFP) to further consolidate its wholesale broker panel – potentially to as few as one or two preferred firms – as it also seeks to create a panel of a limited number of strategic carrier partners in the US with which it will place business, E&S Insurer can reveal.

Aon WTW: no hard feelings in Spain as they rival Marsh

Global brokers Aon and WTW have buried the hatchet regarding their ill-fated 2020-21 merger - in Spain at least.

WTW to combine Asia and Australasia operations under Weaver

WTW has combined its Asia and Australasia operations into one Asia Pacific region under the leadership of Simon Weaver.

WTW launches knowledge sharing platform for aerospace industry

WTW has launched an online knowledge sharing platform for the aerospace sector known, in a move the broker says will help to build industry resilience.

WTW: Life science premiums grow to $10bn but many risks still uninsured

The insurance market for life sciences is set for continued growth with many firms operating in the sector currently underinsured, according to WTW’s Global Life Sciences Risk Outlook 2023.

EPIC sues WTW over aviation broker client information dispute

California-based retailer EPIC has sued a pair of aviation broking executives who resigned from the firm in October, alleging Terry Rolfe and Daryl Abbey used confidential client information to move business to rival broking house WTW, which they joined the following month.

WTW aviation looks to Piiq duo as it wins Embraer account

WTW is continuing to bolster its European aviation practice as it targets new hires from Ardonagh’s Piiq and wins the aerospace manufacturing account Embraer following a tender process, The Insurer can reveal.

WTW appoints Gallina to lead property broking in real estate, hospitality and leisure

WTW has named Dominic Gallina as the head of property broking – real estate, hospitality, and leisure within corporate risk and broking (CRB) North America.