Latest Willis Towers Watson Headlines

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

Willis Makes Changes in its Reinsurance, Wholesale & Placement Units

Feb 9 2011 // Willis Group Holdings has announced a series of leadership appointments in its reinsurance, wholesale and placement divisions. The management changes are “the next phase in the development of Willis Global, a new...

Marsh Agency Unit Acquires Hampton Roads Bonding

Feb 7 2011 // New York-based Marsh & McLennan Agency has acquired Hampton Roads Bonding (HRB), a surety bonding agency for commercial, road, utility, maritime and governmental contractors in Virginia. Terms of the deal were not...

Willis Names Parker to Lead Global Service Centers in Ipswich and Mumbai

Feb 2 2011 // Willis Group Holdings announced the appointment of Mark Parker as leader of the Group’s Global Service Centers in Ipswich and Mumbai, effective April 1, 2011. He will replace Ian Gale who is leaving Willis after 35...

Willis Re: Overcapacity Keeps Renewal Rates in Reinsurance Down

Dec 31 2010 // “Overcapitalization in the reinsurance market continues to gradually push rates downwards with price reductions at the January 1, 2011 reinsurance renewals averaging between 5 percent and 10 percent, according to the...

New IFRS Standards, Solvency II Pose a ‘Double Hurdle’ Says Willis Re

Oct 27 2010 // Two reports from Willis Re analyze the impact the insurance industry faces from the “double hurdles” of Solvency II and the new International Financial Reporting Standard (IFRS) due in 2013.” They explore...

Willis Acquires Prestige Office Building in Birmingham, UK

Oct 22 2010 // Willis Group Holdings announced that it has secured the biggest office letting in Birmingham’s Jewellery Quarter this year at the landmark 40 St. Paul’s Place. Willis Group Chairman and CEO Joe Plumeri...

Willis Re Merges UK, Europe Teams; Forms Willis Re Europe

Oct 21 2010 // Willis Re, the reinsurance advisor and part of Willis Group Holdings, announced that it has merged its teams handling Continental European and UK-based property and casualty business into an expanded European unit and is...

Willis Re Releases Detailed Flood Models for Latin America

Oct 7 2010 // Willis Re, the reinsurance arm of global insurance broker Willis Group Holdings, has released “detailed risk estimates and large event scenarios for key cities including São Paulo, Santiago and...

Ex-AIG CEO Sullivan Joins Willis Group

Sep 8 2010 // Former AIG Chief Executive Officer Martin Sullivan, who was ousted three months before the U.S. government bailed the insurer out, is joining Willis Group Holdings PLC, the insurance broker said on Wednesday.Sullivan will...

Willis Re Appoints Byng to Lead New Property Resource Group

Jul 1 2010 // Willis Re, the reinsurance arm of Willis Group Holdings announced the appointment of James Byng Property Resource Group Leader for its International and Specialty reinsurance business. He will assume this new position on...

Willis Re Finds Chile Quake, Storm Losses ‘Little Impact’ on Re Pricing

Jul 1 2010 // A new report from Willis Re, the reinsurance broking arm of Willis Group Holdings, has concluded that “losses from the Chile earthquake and storms in Australia in the first quarter of 2010 have had little impact on...

Wildbore to Head New Willis Re Toronto Office

Jun 17 2010 // Willis Re, the reinsurance arm of Willis Group Holdings announced the establishment of a new office in Toronto, Canada. The office will open September 1, 2010 and will complement Willis Group’s existing presence in...

Willis: Cat Losses in Q1 2010 Deliver Worst Ever for Reinsurers

Mar 31 2010 // For the first time in many years the first quarter 2010 results of reinsurers will be worse than the results of their primary insurance company clients thanks in part to unprecedented catastrophe losses.Some $16 billion in...

Willis Group Donations for Haiti Top $400K

Mar 31 2010 // Haiti is a place where Willis Group Holdings plc, the global insurance broker, does little or no business. Among its 17,000 employees worldwide, the firm says only one was known to come from Haiti.But still, the...

Willis Completes Change in Country of Incorporation to Ireland

Jan 4 2010 // Willis Group Holdings announced that its reorganization has been completed and the new parent company of the Willis Group – known as Willis Group Holdings Public Limited Company (PLC) – is incorporated in...

Willis Re January Renewal Report Finds ‘Disciplined Softening’ in Market

Dec 31 2009 // “Orderly Softening” is the title of the latest edition of Willis Re’s “1st View.” The reinsurance division of Willis Group Holdings publishes the market review three times each year, examining...

Willis Shareholders Approve Proposal to Change Incorporation to Ireland

Dec 11 2009 // Willis Group Holdings Limited announced that its shareholders have approved changing the place of incorporation of the parent company of the Willis Group from Bermuda to Ireland at a special meeting in New York.The Board...

Willis Names Powell CEO – Latin America, Willis Facultative

Oct 15 2009 // Willis Group Holdings announced the appointment of Hugh Powell as CEO, Latin America, for Willis Facultative. He will have responsibility for Willis’ facultative reinsurance business across the entire region and will...

Willis Re in Global Reorganization

Oct 14 2009 // Willis Re, the reinsurance arm of global insurance broker Willis Group Holdings Limited, has announced a series of management changes and a new organizational structure “designed to respond to the evolving...

Business Moves

Oct 5 2009 // Willis, IrelandWillis Group Holdings Limited wants to change the company’s place of incorporation from Bermuda to Ireland. Shareholders will vote on the measure at a meeting in three or four months. The change also...