Latest Willis Towers Watson Headlines

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

Willis Appoints Owens as CEO of New Global Captive Management Unit

Dec 19 2013 // Willis Group Holdings announced the appointment of Paul Owens as CEO of the newly formed Willis Global Captive Management business, effective January 1, 2014. He “will lead the formation of Willis Global Captive...

2013 Had Lowest Hurricane Count since 1982: Willis Re

Dec 12 2013 // The 2013 Atlantic storm season has proved one of the quietest in decades with the lowest number of hurricanes since 1982 and none of them considered ‘major’, according to insurance broker Willis Re.An unusually...

Europe a Reinsurance Buyer’s Market Says Willis Re; Rates Down 5-10%

Oct 22 2013 // In a report from Baden-Baden, Willis Re, the reinsurance arm of Willis Group Holdings plc, notes that “increased capacity, competition and changing market dynamics have created a buyer’s market for European...

Reinsurers Get Down to Business in Baden-Baden; Willis Re Chairman Comments

Oct 21 2013 // “I don’t think there have been any big changes between Monte Carlo and Baden-Baden,” said James Vickers, chairman of Willis Re International. This isn’t that surprising, given that the two...

Former Willis Group CEO Plumeri Joins KKR

Aug 20 2013 // KKR & Co., the buyout firm run by Henry Kravis and George Roberts, hired former insurance executive Joseph Plumeri as a senior adviser to help find new deals and to work with portfolio companies.Plumeri, ex-chief...

Willis Re Bermuda Names Harden as New CEO

Aug 6 2013 // Willis Group Holdings announced that Michael Harden, currently Chairman of Willis Re Australia, has been appointed CEO of Willis Re Bermuda, effective January 1, 2014Harden described his new assignment as a “great...

Willis Group Hosts Investor Conference

Jul 30 2013 // Willis Group Holdings announced an investor conference today in New York City from 1:00 p.m. to 5:00 p.m. EDT. Willis, which last week reported its third consecutive quarter of strong top line growth, said today’s...

Moore Joins Willis Re Specialty

Jul 19 2013 // Willis Group Holdings announced that it has recruited Graeme Moore to the Specialty division of its reinsurance business, Willis Re. His appointment will “strengthen both the firm’s senior leadership team and...

Willis Group Promotes Jones to CEO of North America Unit

Jul 2 2013 // Insurance broker Willis Group Holdings plc promoted Todd Jones to chief executive officer of Willis North America, the company’s largest business segment.Jones will report to Willis Group CEO Dominic Casserley and...

U.S. Property Cat Re Prices Down, Casualty Softening: Willis Re

Jul 2 2013 // Reinsurers are taking “robust defensive measures to maintain market positions recently eroded by new capital markets entrants,” with prices down 25 percent on some Florida property accounts, according to a new...

Willis Re Claims Exec on Mutual Insurers’ Cat Loss Exposures

Apr 17 2013 // Willis Re may be positive about the market changes that could benefit mutual insurers , but Barry Costi-Mouyia, Technical Claims Director of Willis Re, has indicated that while many of the claims issues arising from...

Willis Re Finds Reinsurance Market Changes Favoring Mutual Insurers

Apr 15 2013 // Mutual insurers have found themselves in a prime position to capitalize on changes in the traditional reinsurance market, according to Willis Re, the reinsurance broking arm of Willis Group Holdings.Its newly released...

Willis Re Sees Increased Capital Inflows as Threat to Reinsurers

Apr 2 2013 // A report from Willis Re, the reinsurance brokerage arm of Willis Group Holdings, concludes that “many traditional reinsurers now see the flow of capital coming into the reinsurance market as a direct threat to their...

Willis Re Makes Management Changes in Australian Operation

Mar 26 2013 // Willis Group Holdings, the global risk advisor and insurance broker, has announced important changes to the leadership team at Willis Re Australia Limited, effective April 1, 2013.Current CEO Michael Harden will become...

Sullivan Leaving Willis in May; Hearn to Lead Global Solutions Unit

Feb 15 2013 // Willis Group Holdings plc announced that Martin Sullivan, the Group’s Deputy Chairman and Chairman and CEO of the Willis Global Solutions unit, “will be leaving the firm in May of 2013, after a transition, to...

Willis Reports $804 Million Q4 Operational Loss from Financial Charges

Feb 13 2013 // Willis Group Holdings has reported its results for the fourth quarter of 2012 and the twelve months ended December 31, 2012. The bulletin also noted that Joe Plumeri’s 12 year tenure as CEO officially ended with the...

Willis Re Sees No Rate Increases for Jan. 1 Renewals despite Sandy Impact

Dec 31 2012 // Willis Re’s Jan. 1 renewal report points out that 2012 natural catastrophe losses are estimated to be “50 percent less than last year’s losses of $120 billion.” As a result the report concludes that...

Post-Sandy Survey: Only Minor Damages to Buildings From Direct Wind

Nov 14 2012 // Damage from storm surge and flooding caused by Superstorm Sandy is widespread and extensive — but there is only minor damage to buildings from direct wind, according a field survey report this week from Willis...

McKinsey’s Casserely to Succeed Plumeri as Willis Group CEO

Oct 17 2012 // Dominic Casserley will serve as the next chief executive officer of global insurance broker Willis Group Holdings, effective Jan. 7, 2013.Also, Steve Hearn, currently the chairman and CEO of Willis Global, will serve as...

Willis Re Reports Some Reinsurance Rate Increases, but No Market Turn

Jul 3 2012 // “Rate increases in the North American and International reinsurance markets are due to modest losses and poor results – not a hardening market,” according to a newly release report from Willis Re, the...