Willis Towers Watson
WTW seeks to provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of employees serving 140 countries and markets, it aims to help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
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.
Towergate targets corporate and mid-market with three hires
Consolidator adds from Willis, BLP Insurance and NFU.
PIB opens new offices while negotiating acquisitions
CEO Brendan McManus says it will be a top 20 broker in five years time.
Willis’ new network structure up and running
Network services director Anne Hughes says 85% of N2 members have signed up to the new proposition.
Willis and Towers Watson shareholders approve merger
Deal expected to complete “very early in the New Year”.
Revenue down at Willis GB
Operating income for the division increases in the third quarter of 2015 but is down for the year to date.
Private motor insurers revert to losses in 2014, says Towers Watson
Report by firm shows the underwriting profit made by the sector in 2013 disappeared the following year.
Car insurance premiums show biggest jump in five years
Confused.com index in association with Towers Watson cites market reaction to increasing claims costs.
Willis sells 16.9% share of Miller to US-based BB&T
Deal follows on from Willis’ Miller takeover earlier this year.