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.
WTW and Liberty Specialty Markets launch reputational crisis product
The proposition enables transfer of financial risk and is powered by AI data analysis.
Julie Page to head up merged Aon/WTW business in the UK
It is believed WTW head of GB, Nicolas Aubert, will remain with the organisation until the close of the deal.
European Commission to review $30bn Aon/WTW deal
Aon confirms the European watchdog has launched a Phase II review of the merger but insists it is still "on track" to close the combination in the first half of 2021.
Aon seeks European Commission approval for $30bn WTW deal
The EU watchdog is to make a decision by 21 December 2020.
Willis IRM expands into London as it launches Arden Insurance Brokers
Belfast-based broker says it expects its GWP to grow to over £55m within the next twelve months as it hires Mark Hicks to lead the new business and Jonathon de Mendonça joins from Willis Towers Watson.
Industry unites to tackle dementia
Insurers and brokers are working together to raise funds for Insurance United Against Dementia on the Insurance Day of Giving.
Shareholders approve $30bn Aon/WTW deal
The agreement was originally announced in March this year and will see the creation of the world’s largest broker.
People Moves Round-up: 10 - 21 August 2020
Keep up to date with the latest people moves.
Manchester broker launches new arm to fill gap for regional PI and D&O risks
Manchester-based broker Champion Insurance Group has launched a new financial lines arm.
ISS and Glass Lewis urge shareholders to vote in favour of Aon/WTW deal
Both Aon and WTW are holding extraordinary general meetings for shareholders on 26 August.
WTW and Aon address five lawsuits amid deal transaction
The two broking giants describe the legal actions as “without merit”.
Motor premiums fall but Covid-19 clouds analysis
Prices fell by 5% in the last quarter according to the Confused/Willis Towers Watson index.
Building business better after the crisis
Broker Extra 2020: Every effort is being made to ensure the UK economy fires up again, but how will brokers be operating and can they find better ways to function? Aviva's Phil Bayles, Ian Donaldson of Atlanta Group and Sara Fardon, of Willis Towers…
WTW calls shareholder meeting on Aon deal
A meeting of Willis Tower Watson shareholders has been called as US Department of Justice calls for more information on the £22.9bn merger.
Axa XL boosts UK broker management team
Michael Clarke joins the business from Willis Towers Watson and Robyn Warke moves across from Generali.
Covid-19: Stephen Catlin heads up industry steering group on pandemic response
The group, which has members including Aviva's Maurice Tulloch and RSA's Stephen Hester, is working closely with Pool Re to develop solutions to the crisis.
Car insurance premiums fall in Q1 2020
Research by Confused.com and Willis Towers Watson reveals dip in motor premiums, following a £47 rise over the last year.
News analysis: Aon creates world’s biggest broker with Willis Towers Watson deal
Brokers broadly welcome deal between broking giants and look forward to opportunities created
Insurance Age Digital Issue: April - Insurance and Covid-19
The coronavirus crisis has forced us all to adapt. Here, for the very first time, we have the digital-only edition of Insurance Age.
People Moves Round-up: 16-27 March 2020
Keep up to date with the latest market moves.
Aon/WTW: Independent broker values set to rise following deal
Deal creates UK broker “unicorns” as Marsh moves to number two on the global broking table.
Analysts say Aon tie-up benefits Willis Towers Watson
However, Mazars' Simon Fitzsimmons flags that the deal, which will see Aon become the largest broker in the world, still needs to be approved by the Competition and Markets Authority.
Aon and WTW deal expected to result in savings
Business expects to pay around $1.4bn in integration costs.
Aon to merge with Willis Towers Watson to create $80bn company
The $30bn deal will see the combined business operate under the Aon brand led by Aon CEO Greg Case, with the transaction expected to go through in the first half of 2021.