WTW, a leading global advisory, broking and solutions company, today announced that it has been named to the International Association of Outsourcing Professionals’ (IAOP’s) 2022 Global Outsourcing 100®. This is the 11th consecutive year that WTW has been recognized as one of the best outsourcing providers and advisors in the world. WTW received a top… Continue reading WTW Receives Highest Recognition for Innovation in Benefits Outsourcing
Tag: WTW
Aon & WTW Follow Marsh’s Lead and Sever All Ties with Russia
In response to Russia’s invasion of Ukraine, brokerage behemoths Aon and WTW have both announced plans to withdraw all of their operations from the country. Following Marsh McLennan’s lead last week, the world’s three largest insurance brokers have all severed ties with Russia. Insurers such as Generali have also left the country following its widely… Continue reading Aon & WTW Follow Marsh’s Lead and Sever All Ties with Russia
U.S. Workers Give Employers High Marks for Supporting Them During the Pandemic
Despite having their workplaces turned upside down, a majority of U.S. workers give employers high marks for keeping them safe and supporting them during the two-year pandemic. Still, employees are polarized when it comes to workplace mask and vaccine mandates. While most are supportive, opposition to pandemic mandates is high among some employees. That’s according… Continue reading U.S. Workers Give Employers High Marks for Supporting Them During the Pandemic
WTW Helps Marriott Create Leading Travel Insurance Program for Guests
WTW, a leading global advisory, broking and solutions company, has worked with Marriott to launch an innovative set of global travel insurance plans for Marriott guests. WTW Affinity has worked with Marriott and Allianz Global Assistance to develop solutions initially available to U.S. residents, enabling them to seamlessly insure their domestic and international travels when… Continue reading WTW Helps Marriott Create Leading Travel Insurance Program for Guests
WTW Reports 6% Organic Revenue Growth for 2021
WTW, a re/insurance broker, reported organic revenue growth of 4% in the fourth quarter of 2021 and 6% year on year, boosted by positive organic results in its Investment, Risk & Reinsurance (IRR) segment. Despite revenue shrinking by 2% to $199 million and 12% to $814 million for the same periods, the IRR segment posted… Continue reading WTW Reports 6% Organic Revenue Growth for 2021
WTW Announces the Formation of a Cyber Crime Task Force
WTW announced the formation of its CyberCrime task force within its Financial, Executive and Professional Risks (FINEX) global practice. “Willis Towers Watson recognized long ago the potential overlap of cyber and crime risks and the benefits of addressing these risks holistically within our clients’ insurance portfolios,” said Peter Foster, Head of Global FINEX Cyber and… Continue reading WTW Announces the Formation of a Cyber Crime Task Force
WTW Sets Up New Crisis Management Business Unit for Security Risk Management
WTW today announced the formation of a new Crisis Management unit with the merger of SCR and its Terror and Political Violence teams which will sit within its Financial Solutions Global Line of Business and be headed up by Jo Holliday, Managing Director of SCR. The new unit works globally and is dedicated to delivering… Continue reading WTW Sets Up New Crisis Management Business Unit for Security Risk Management
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 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
Commercial Lines Prices for Q1 Up Nearly 8%
U.S. commercial insurance prices increased again during the first quarter of 2021, according to leading global advisory, broking and solutions company, Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices charged on policies underwritten during the first quarter of 2021 to those charged for the same coverage and quarter in 2020… Continue reading Commercial Lines Prices for Q1 Up Nearly 8%