Willis Towers Watson
In 1828 Henry Willis began his career as a merchant selling imported goods on commission in the UK at the Baltic Exchange in London. Willis applied for membership of Lloyd’s in 1848, where he started to broker insurance for the cargoes of commodities he sold on commission. As his enterprise grew, he became involved in the hull business, establishing himself in marine insurance and founding Henry Willis & Company. Today WTW, created by the merger of Willis and Towers Watson in 2016, aims to provide data-driven, insight-led solutions in the areas of people, risk and capital to help make organization more resilient, motivate workforces, and maximize performance.
Willis Towers Watson features in the Insurance Age Top 75 UK Brokers listing. Find out what other companies made the cut.
Willis Networks in member deal with Our Network
Willis Networks and the Broker Direct-owned Our Network have announced a partnership that will give Our Network members access to products and services of Willis’ N² proposition.
Regional brokers win business because of service, says study
Just under half of commercial insurance clients prefer to work with regional brokers, according to findings from Pearlfinders Risk Index.
Lawyers issue warnings after Willis’ record £6.9m fine
Following Willis’ record £6.9m anti-bribery fine from the Financial Services Authority (FSA), the legal profession has warned insurance brokers on the need to have and implement relevant policies and procedures.
Willis responds to record £6.9m FSA fine
Insurance broking giant Willis has responded to the Financial Services Authority's (FSA) record breaking £6.895m fine to its subsidiary Willis Limited flagging up that it had been swift to engage with the regulator on the matter.
FSA hits Willis with record anti-bribery fine
The Financial Services Authority (FSA) has fined Willis £6.895m for failings in its anti-bribery and corruption systems and controls.
Slow down in car insurance price rises
The average price of a comprehensive car insurance policy rose by 2.7% in the second quarter of 2011, according to the Confused.com and Towers Watson Car Insurance Price Index.
Sandy Scott takes Achievement Award at 2011 British Insurance Awards
Sandy Scott, chief executive, Chartered Insurance Institute, was given the Achievement Award at the British Insurance Awards at the Royal Albert Hall in front of 1800 fellow industry professionals.
Aspen makes new senior appointment
Aspen Insurance has appointed a new manager of distribution and business development in the UK.
Escalating claims decimating UK motor results, says Towers Watson
New figures from the Institute and Faculty of Actuaries have revealed that one in four UK third party motor claims involves a bodily injury element.
Get involved with Insurance Age’s Network Spotlight
Insurance Age has secured video interviews with 11 of the leading broker networks in the insurance market and during July the senior leaders will be put under the spotlight to answer your questions.
Willis claims industry first with grey fleet scheme
Willis has launched a pay-as-you-go insurance scheme to address issues arising from allowing staff to drive their own cars on business - the so-called grey fleet.
Willis splits CEO and chairman role
Willis has appointed Rodney Baker-Bates as an independent non-executive chairman while CEO of Willis UK and Ireland, Brendan McManus has been named CEO of Willis.
Biba 2011: Trade bodies must work together, says Homer
Insurance industry trade bodies need to join forces to solve the problems surrounding the handling of client money, according to Towergate's Andy Homer.
Willis' net income for Q1 2011 drops by £103m
Willis Group Holdings first quarter results for 2011 have revealed a reported net income of $34m (£20.6m), or $0.20 per diluted share, compared with $204m, or $1.20 per diluted share, in the same period a year ago.
Regulatory burden on brokers is heavier than tax
The British Insurance Brokers’ Association (Biba) has warned that the regulatory burden imposed by the Financial Services Authority (FSA) on the insurance broking sector is a greater competitive disadvantage than the amount of corporation tax it pays.
New player enters high end liability market
Lloyd’s broker Kite Warren & Wilson (KWW) is targeting the high end SME asset manager and Lloyd’s managing agents market with a suite of new liability products.
New Aberdeen office for Willis
Willis has opened a new office in Aberdeen to develop business in the city and complement Willis’ existing presence in Glasgow, Edinburgh and Dundee.
Reportage: Facing up to networks
With networks increasing in popularity, Emmanuel Kenning recounts their development and looks to the future of this crucial market sector.
Market moves: Winds of change sweep the country
Snow flurries in Scotland were matched only by the blizzard of job announcements in the region with Lockton, Heath Lambert, Aspen and RSA all unveiling changes.
Japan Earthquake will not trigger hard market, says Willis Re
Relatively orderly price movements at the 1 April Japanese reinsurance renewals have indicated that the Tohoku Earthquake is not the catalyst that will bring about a hard market, according to Willis Re.
Scarrett out at Willis Networks
Willis has announced that MD of its networks proposition, Phil Scarrett, will leave the business at the end of the month.
News analysis - professionalism: brokers slow to embrace Aldermanbury Declaration
The Aldermanbury Declaration is a year old this month and the Chartered Insurance Institute (CII) has signed up nearly 200 brokers, insurers, loss adjusters, claims companies and managing agents. However, despite this early success, particularly with…
Willis Networks gains six new recruits
Six new members have joined Willis Networks, its alliance with local, independent insurance brokers in the UK.
Willis exec jumps ship for rival broker
Executive director and major client advocate at Willis Finex Global, Mike Earp, has resigned to take up a senior post at Aon, Insurance Age understands.