U.S. commercial insurance prices have maintained a steady trend with respect to consistent, routine, price increases, according to WTW’s Commercial Lines Insurance Pricing Survey (CLIPS) for the first quarter of 2024.
Tag: WTW
WTW Announces Market First Facility for Cargo and War-on-Land Risks in Ukraine
WTW, a leading global advisory, broking and solutions company today announced a partnership with Ukrainian insurer, VUSO, to provide a London market backed facility covering cargo and, crucially, war-on-land risks.
Global M&A Endures Headwinds with Pick Up in 1Q Deal Closures
Global mergers and acquisitions (M&A) achieved a modest rise in completed deals in the first quarter of 2024 compared with the same period last year, according to research from leading global advisory, broking and solutions company WTW’s Quarterly Deal Performance Monitor (QDPM).
WTW Launches Large Client Unit as CEO Touts Specialty Brokerage Growth
WTW is sharpening a strategic focus on specialty markets, as it progresses with a cost-saving transformation initiative that will wind down by 2025, said the broker’s chief executive officer.
WTW Reports Organic Revenue Growth of 6% for Q4’23
Global brokerage firm WTW has reported 6% organic revenue growth for the fourth quarter of 2023 to $2.91 billion, while net income for the period rose by 5%, year-on-year, to $623 million.
WTW Launches CyProtect Bermuda
WTW today announced the launch of CyProtect Bermuda, a cutting-edge cyber insurance product designed and tailored to be a comprehensive solution for financial, professional, and executive risks.
Commercial Insurance Rates Continue to Show an Aggregate Increase Just Above 6%
Carriers report an aggregate commercial price change that remains above 6%, specifically at 6.1%, showing a slight decrease from the rate of 6.4% in the previous quarter (Q2’23).
AI to Reignite Global M&A Market in 2024
With interest rates stabilizing and a pick-up in deal activity after a muted first half in 2023 fueling cautious optimism, WTW looks at the trends to shape the M&A landscape in 2024.
WTW Launches MGU Verita
WTW launched independently staffed and operated managing general underwriter Verita.
WTW Launches Climate Vista to Bridge Climate Skills Gap in the Boardroom
With shareholder, investor and regulatory pressure increasing, alongside the growing demand for climate risk and transition plan disclosure, Climate Vista is a new engagement tool designed to help company boards and senior management better understand their exposure to ESG and climate-related risks and opportunities.