Latest Willis Towers Watson Headlines

All the headlines from our Willis Towers Watson Topic Page, ordered by recency.

U.S. Commercial Insurance Prices Were Up 4% in Q3: WTW

Dec 9 2019 // U.S. commercial insurance prices accelerated during the third quarter of 2019, as the aggregate price change reported by carriers exceeded 4%, according to insurance broker Willis Towers Watson.WTS’s Commercial Lines...

Political Risk Losses Up in 2019, Hitting 68% of Surveyed Firms: WTW

Dec 6 2019 // A survey of 41 major corporations by broker Willis Towers Watson found that 61% believe political risk levels increased in 2019 while 68% have actually suffered a political risk loss.Disruption of international trade was...

People & Places

Dec 2 2019 // W. R. Berkley Corp. announced the appointment of Daniel R. Westcott as president of Berkley Re America (BRAM). Westcott has 20 years of experience in the property and casualty reinsurance market. He joins Berkley from The...

Willis Re Securities Completes €120 Million Catastrophe Bond for France’s Covéa Mutual

Nov 19 2019 // Willis Re Securities reports it has structured and placed EUR 120 million of insurance-linked securities (ILS) to provide reinsurance capacity for Covéa Mutual Insurance Group, France’s largest domestic...

For 2020, Expect Biggest Commercial Insurance Hikes in Years: Willis Towers Watson

Nov 15 2019 // North American commercial insurance buyers will face sizable price increases in 2020, across most lines of insurance, according to insurance broker Willis Towers Watson’s 2020 Insurance Marketplace Realities.While...

Broker BMS Taps Willis Re’s Irvan as Chief Property Officer, U.S. Reinsurance

Nov 4 2019 // BMS Group, the London-based specialist re/insurance broker, announced the appointment of Jeff Irvan as chief property officer, U.S. reinsurance, reporting to BMS U.S. Reinsurance President Pete Chandler.The appointment is...

Insurtech Funding Reaches $4.4 Billion to Date in 2019, Blowing Past Full-Year 2018

Oct 25 2019 // Insurtech funding levels, reaching almost $4.4 billion in worldwide funding commitments through three quarters of the year, has already surpassed the 2018 full-year total, Willis Towers Watson announced Wednesday.According...

Willis Towers Watson Adds Lyft’s Hurley in California

Oct 16 2019 // Willis Towers Watson has named Joseph Hurley director or corporate risk and broking. He will work out of Willis Towers Watson’s Silicon Valley tech center in California, where he will lead the firm’s platform...

Willis Re Specialty Taps Aspen’s Harrell as Managing Director & Chief Operating Officer

Oct 2 2019 // Reinsurance broker Willis Re announced the appointment, with immediate effect, of Donald Harrell as managing director & chief operating officer of Willis Re Specialty. Harrell joins with more than 25 years’...

Willis Towers Watson, Sompo GRS Launch Middle Market Real Estate Platform

Sep 16 2019 // Willis Towers Watson has entered into a strategic partnership with Sompo Global Risk Solutions (GRS) to create an integrated insurance platform to serve the needs of the middle market commercial real estate segment.The...

Another Hard Market Harbinger: U.S. Commercial Lines Prices Up 4% in Q2

Sep 12 2019 // In yet another sign of a hardening market, U.S. commercial insurance prices grew at an accelerated rate compared to a year ago, according to Willis Towers Watson’s latest Commercial Lines Insurance Pricing...

Willis Towers Watson Appoints Garrard to Succeed Jones as Corporate Risk Leader

Aug 15 2019 // Global broker Willis Towers Watson has appointed Adam Garrard as leader for the Corporate Risk & Broking segment, effective immediately. Garrard replaces Todd Jones, who has accepted a position as CEO North America for...

Willis Towers Watson’s Jones Named North America CEO by QBE, Replacing Johnston

Aug 15 2019 // QBE Insurance Group has appointed Todd Jones to the role of CEO North America, succeeding Russ Johnston who the company said has decided to seek opportunities outside of QBE.Jones joins QBE from Willis Towers Watson where...

Willis Towers Watson Releases Updated Version of Radar Pricing Software

Aug 7 2019 // Willis Towers Watson has released an updated version of its Radar pricing software. With regulatory pressure increasing to demonstrate transparency in pricing, Radar 4.5 delivers a range of metrics that provides companies...

Willis Towers Watson Adds Braun to Willis Re Life, Accident & Health Team in Maine

Aug 7 2019 // Willis Towers Watson has added Thomas Braun as senior vice president to the Willis Re Life, Accident & Health Segment’s medical team in Portland, Maine.Braun joins Willis Re from a specialty benefits, stop loss...

Willis Towers Watson, Lockton, Markel International Appoint New Cyber Chiefs

Jul 30 2019 // Willis Towers Watson, Lockton and Markel International each have appointed new cyber chiefs.Willis Towers Watson has appointed Peter Foster as chairman of Global FINEX Cyber and Cyber Risk Solutions. Foster has been with...

High Levels of Global Insurtech Investments Continued During Q2: WTW

Jul 29 2019 // Insurtech investment worldwide continued at high levels during the second quarter of 2019, marking the fourth consecutive quarter during which total new funding commitments exceeded $1.2 billion, according to the new...

Dunlap to Head Willis Towers Watson’s Construction Broking in North America

Jul 16 2019 // Global broker Willis Towers Watson announced the appointment of Jim Dunlap as head of Construction Broking in North America. The portfolio of construction clients includes contractors, project owners, developers,...

Reinsurers Offering Better Prices, Capacity for Preferred Trading Partners: Willis Re

Jul 2 2019 // Strengthening primary insurance market conditions underpinned improvements to reinsurance prices, terms and conditions at the June 1 and July 1, 2019 renewals, according to the latest 1st View renewals report from Willis...

WTW Taps Nat Re’s Hidalgo as Head of Capital Science and Policy in Southeast Asia

Jun 6 2019 // Willis Towers Watson announced the appointment of Augusto Hidalgo as head of Capital, Science and Policy (CSP) in Southeast Asia.Based in Manila, Philippines, Hidalgo brings a wealth of knowledge, experience and expertise...