WTW

WTW names UIB’s Shipton senior broker for London North America property

WTW has appointed Laura Shipton as senior broker in the North American property team within its direct and facultative global line of business, based in London.

Judge rules Towers Watson insurers not liable for $90mn settlement of Willis merger suits

On remand from the Fourth Circuit, an Eastern District of Virginia judge has ruled that policies issued by Towers Watson’s insurers do not cover a $90mn settlement related to the 2016 merger with Willis.

WTW CLIPS: US commercial insurance rate rises accelerate to 6.6% in Q4

US commercial insurance rate increases accelerated to 6.6 percent in Q4 2023 with the biggest rise recorded in the commercial auto sector, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS) report from WTW.

WTW adds Aon’s Bosc to lead global specialty expansion

WTW has named Julien Bosc to the newly created role of global specialty director within its Insurance Consulting and Technology business.

WTW’s new Verita MGU adds Sordillo and O’Connor from Sompo Intl

Verita, the managing general underwriting company set up by WTW last year, has hired more former Sompo International executives, adding Victor Sordillo and Glen O’Connor in risk advisory services roles.

PPL launches early adoption programme following WTW, Tysers pilot

Placing Platform Limited has launched an early adoption programme for brokers, focused on the operationalisation of the platforms’ API capabilities.

WTW launches Bermuda excess casualty construction facility

WTW has launched a new Bermuda excess casualty construction facility, tailored to clients in the North American market.

Higher loss costs and Boeing 2018/2019 deterioration to force aviation insurance recalibration: WTW’s Wadhams

Increasing loss costs including the recent deterioration of Boeing’s 2018/19 loss will force aviation insurers to recalibrate their loss and ratings models, according to WTW.

WTW expands coverage area for Hawai'i coral reef policy, doubles minimum payout

WTW has upgraded its coral reef insurance policy with the Nature Conservancy to expand coverage to a larger area around the main Hawaiian islands, with the minimum payout doubling to $200,000.

CAC Specialty adds Kasperkowiak and Clay to HCR leadership team

CAC Specialty has bolstered the leadership of its private equity human capital risk team by giving Erica Kasperkowiak new growth-focused responsibilities and bringing in Brian Clay from McGriff to take a senior role.

WTW unveils $20mn primary cyber and tech E&O facility for international clients

WTW has launched a primary cyber and tech E&O facility, designed to provide increased limits for international clients headquartered outside of GB and US.

WTW’s Hess: Specialisation strategy to drive mid-single digit organic growth in ’24

WTW CEO Carl Hess has said the firm’s specialisation strategy in North America and talent investments are paying dividends, while also signalling that its recently launched MGU Veritas will explore geographic expansion in 2024.

WTW beats EPS consensus as organic growth rises to 6%

WTW has reported consensus-beating adjusted diluted earnings per share for the fourth quarter of 2023, with organic growth of 12 percent in the group’s Risk & Broking segment helping drive the group result.

The rise of data science in insurance: Can good governance catch up?

Pardeep Bassi and Kartina Tahir Thomson look at the risks associated with data science and what firms should be considering as part of their work on technology, data and models.

WTW launches new cyber insurance solution for SMEs

WTW has developed a new specialised cyber insurance solution targeted at North America-based SMEs that generate revenues below $50mn.

WTW: Insurers must recalibrate expectations for SCS after record loss year in 2023

WTW has called on (re)insurers to recalibrate their expectations for annual US severe convective storm losses following a record $50bn+ loss year for the peril in 2023.

WTW survey: Most A&E PL carriers seeing increased claims frequency and severity

A WTW survey has found that over half of architects and engineers (A&E) professional liability carriers are seeing an increase in the frequency of claims while 60 percent reported an increase in the severity of those claims.

Smarter Way to Risk: Digital trading set to augment £20bn London market premium opportunity

Digital trading is expected to transform the way premium moves across the risk transfer chain, with industry experts predicting that throughout the remainder of the decade, premium will be traded “in a fundamentally different way”, unleashing opportunities in a number of different (re)insurance hubs.

WTW names Yee East Coast leader for TMT industry division

Jody Yee has been appointed leader for the eastern US market within the technology, media, and telecommunications industry division of WTW's Corporate Risk & Broking business in North America.

WTW names Creighton GB head of trade credit and trade finance

WTW has appointed Michael Creighton as head of trade credit and trade finance for Great Britain.

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