An AIG unit won its appeal over coverage of a $90 million shareholder settlement stemming from broker Willis Towers Watson’s merger activities in 2015.
Tag: Willis Towers Watson
WTW Designs Parametric Solution to Help Build Resilience of Sovereign Borrowers to Climate Shocks
Willis Towers Watson designed and placed the world’s first parametric insurance transaction, assisting the Government of Belize in completing a ground-breaking debt restructuring for marine conservation. The insurance protection, underwritten by reinsurer Munich Re, was critical in allowing Belize to refinance its sovereign debt through The Nature Conservancy’s (TNC) Blue Bonds for Ocean Conservation program.… Continue reading WTW Designs Parametric Solution to Help Build Resilience of Sovereign Borrowers to Climate Shocks
U.S. Commercial Insurance Prices Increase Gain in 3Q
U.S. commercial insurance prices grew again in the third quarter of 2021, according to Willis Tower Watson’s latest Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices charged on policies underwritten during the third quarter of 2021 to those charged for the same coverage during the same quarter in 2020. The aggregate commercial price… Continue reading U.S. Commercial Insurance Prices Increase Gain in 3Q
WTW Expands Aviation Insurance Broking Solutions with Aerosure Acquisition
Willis Towers Watson has acquired Aerosure, a leading aviation industry specialist, focused on the Australia, New Zealand and Pacific Island region. Aerosure, based in Sydney, will become a part of Willis Towers Watson’s Global Aerospace business, providing a suite of aviation insurance broking solutions to service the insurance and risk needs of the aviation industry… Continue reading WTW Expands Aviation Insurance Broking Solutions with Aerosure Acquisition
Top 500 Managers See Assets Hit Record $119.5 Trillion: WTW
Assets under management (AuM) at the world’s 500 largest asset managers have reached a new record of $119.5 trillion, according to new research from Willis Towers Watson’s Thinking Ahead Institute. As of the end of 2020, this represents an increase of 14.5% on the previous year when total AuM was previously $104.4 trillion. The research… Continue reading Top 500 Managers See Assets Hit Record $119.5 Trillion: WTW
Willis Towers Watson Partners with Applied to Enhance Real-Time Pricing
Applied Systems Europe today announced a partnership with Willis Towers Watson to support real-time pricing. Willis Towers Watson’s Radar Live partner programme enables insurers and MGAs to develop their rates, underwriting rules and adjustments, and then deploy them directly to the market in real time. As part of this partnership, Applied has expanded their Rating… Continue reading Willis Towers Watson Partners with Applied to Enhance Real-Time Pricing
Workplace Vaccine Mandates Expected to Accelerate: WTW Survey
The number of U.S. employers requiring workers to get vaccinated is expected to surge over the next several months, according to a new survey by Willis Towers Watson, a leading global advisory, broking and solutions company. The survey also found that more companies will be implementing financial incentives and expanding testing requirements as they update… Continue reading Workplace Vaccine Mandates Expected to Accelerate: WTW Survey
Tech Altering the Risk Reality for Companies Post-COVID: WTW
A new report from re/insurance broker Willis Towers Watson (WTW) has highlighted how emerging technologies are rapidly altering the risk reality for companies across most industries in the wake of the COVID-19 pandemic. The report, which explores how the pandemic has impact the risk landscape for the Technology Media and Telecoms (TMT) sector, noted that… Continue reading Tech Altering the Risk Reality for Companies Post-COVID: WTW
Willis Towers Watson Mulls Sale of Reinsurance Unit After Halting Merger
Insurance broker Willis Towers Watson PLC said on Tuesday it is weighing strategic alternatives for its reinsurance unit, Willis Re, days after a planned sale to rival Arthur J. Gallagher fell through. Willis and broker Aon PLC had planned to merge to create the world’s largest insurance broker, topping current leader Marsh & McLennan Companies… Continue reading Willis Towers Watson Mulls Sale of Reinsurance Unit After Halting Merger
Willis Towers Watson Joins Net Zero Asset Managers Initiative
Willis Towers Watson has joined the Net Zero Asset Managers Initiative, in its capacity as an OCIO provider. This follows Willis Towers Watson’s previous net zero commitment across 100% of its discretionary assets around the world which is fully aligned with the Net Zero Asset Managers Initiative objectives. As part of the Initiative, Willis Towers… Continue reading Willis Towers Watson Joins Net Zero Asset Managers Initiative