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.
Broking Break: Your top five of the week
A new Justice Secretary, advice on ruthlessness, the Ogden impact, an acquisition and a restructure top this week’s charts.
Willis Towers Watson restructures broking group
Eight leaders appointed across geographical regions and business lines.
Market moves: Spring has sprung
Spring is here and brokers continue to see fewer people moves than insurers.
#Insagepeople: 01 - 07 May 2017
Keep up to date with all the latest people moves.
#Insagepeople: 24 - 30 April 2017
Keep up to date with all the latest people moves.
Major brokers caught up in FCA aviation probe
Regulator reported to be looking into "suspected conduct" but declines to comment.
Willis and AIG launches cyber product for global airlines
Product is tailored to cover cyber exposure affecting the airline industry.
Car premiums increase by 16%
Confused.com figures show that the discount rate cut played a key part in the rise of premium costs.
Broking Break - Your Top Five
What insurer bosses had to say about their firm’s 2016 results, changes in technology and the Ogden rate, and a court case make up the top five.
Discount rate a "pressure cooker waiting to blow" says Willis Towers Watson
If Ogden rate is changed to -0.5% cost of providing car insurance will rise by £700m per year and the one-off reserve charge could hit £4.9bn.
Willis Towers Watson posts 50% fall in profits
Revenues rise by 5% to $7.9bn as restructuring and integration costs bite.
Car premiums increase by 14%
Confused.com figures show the increase in the final quarter of 2016 was lower than in the same period in 2015.
#insagepeople: 12 - 18 December 2016
Keep up to date with all the latest people moves.
Brunel joins Association of Consultancy and Engineering broker panel
PI broker joins panel for 2017 along with Griffiths & Armour and Willis Towers Watson.
Dominic Casserley to leave Willis Towers Watson
Former Willis CEO was at the helm during merger with Towers Watson.
Average comprehensive car premiums continue to rise
Research says higher repair costs and increase in Insurance Premium Tax are behind the rising premiums.
Broking Break: Your top five of the week
Criminal court cases led the way for reader interest this week coming in at top spot and third place respectively. Brokers were also introduced to new products, Zurich staff cuts and Towergate’s results.
Broker and partner jailed for defrauding Willis
Simon Higginson and Lee Willis were convicted of defrauding Willis of £1.7m over more than a decade.
Willis Towers Watson launches oil and gas product
Product will offer insurance and risk management to oil and gas organisations.
JLT predicts £34m hit at start of year
Bulk of charge comes from settlement costs in Willis court case.
JLT takes £22m hit to settle Willis legal dispute
The two brokers were due in the High Court this month in a case over a 22 person team lift.
Bluefin Network adds 12 new members
Bluefin says new joiners include three former Willis Network members and three from Broker Network.
Willis networks appoints Liz Foster as committee chair
Foster replaces Roger Gaunt who completed his tenure at the end of last year.
Profits slip at Willis GB in 2015
Final quarter figures show improvement as group profits rise for full year.