All Willis Towers Watson articles
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NewsCitizens appoints Willis Re for just one year after rejecting RFP recommendation
Board members of Florida’s Citizens cited the pending Aon-WTW merger as they voted against a recommendation to appoint Willis Re as reinsurance broker on a contract for up to five years after the firm beat Aon and Guy Carpenter in a request for proposal (RFP) process.
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News
Covid to cause cyber demand rise but capacity to remain stable: Willis Re
Covid-19 will see demand for cyber insurance increase although respondents to a new Willis Re survey do not think increased interest from clients will be matched by commensurate growth in supply from carriers, with the cost of cover potentially rising as a result.
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News
Mining insurance rates on the rise despite stable capacity
Mining property insurance capacity levels appear to have been stable for the past 12 months with just a slight contraction as some carriers cut back the lines they offer but pricing in the market continues to soar as underwriters seek to claw back losses, according to a new report from ...
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News
Case and Haley: changing client needs validate $73bn+ Aon-WTW deal
As regulators on both sides of the Atlantic examine the industry’s largest ever broking deal, the group CEOs of Aon and Willis Towers Watson (WTW) have co-authored a robust defence of the proposed ~$73bn deal.
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Viewpoint
Covid distraction
With (re)insurers distracted by Covid-19 and with a recession approaching, it may be the beginning of a very tough period for early stage insurtechs, according to Willis Re’s Andrew Johnston.
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News
Shareholder suit over Willis-Towers Watson merger granted class certification
A Virginia judge has granted class certification to a long-running shareholder lawsuit over the 2016 merger between Willis and Towers Watson in which the plaintiffs are seeking $456mn in damages.
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News
Willis Re wins Florida Citizens RFP
Willis Re is set to take the role of sole broker for the traditional reinsurance placement by Florida’s Citizens Property Insurance Corporation next year after winning a request for proposal (RFP) process against its rivals, The Insurer can reveal.
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News
WTW to buy back £20mn+ revenue generating Special Contingency Risks unit from up-for-sale Miller
Willis Towers Watson (WTW) is buying back the market-leading kidnap, extortion and security unit Special Contingency Risks which was transferred to London wholesaler Miller in 2015, The Insurer can reveal.
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News
Aon-WTW deal secures shareholder approval as focus shifts to anti-trust approval
Shareholders in both Aon and Willis Towers Watson have voted in favour of the combination of the companies as the focus now shifts to integration and securing anti-trust and other regulatory approvals ahead of a scheduled close in the first half of 2021.
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News
Lloyd’s “walking a narrow tightrope” with Covid pricing opportunity
Hiscox’s Paul Lawrence has warned Lloyd’s must balance performance management with the opportunity to write business at increased pricing, while Willis Re’s James Kent believes “it would almost be a crime” for the best performing syndicates not to be able to take advantage.
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News
US broker revenue growth to remain positive: Fitch
Large publicly-listed US brokers have fared well despite Covid-19 but Fitch believes greater pressure for both commission and fee-based revenue will probably emerge in the second half while financial leverage is expected to decline for several brokers.
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Analysis
Aon shares “attractive” ahead of WTW deal shareholder vote: Wells Fargo
Aon shares currently trading at a price to earnings discount compared to MMC represent a compelling valuation and “attractive entry point for investors”, according to Wells Fargo’s Elyse Greenspan.
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News
PE-backed Tysers emerges as potential buyer for London-rival Miller as BMS withdraws
Bidders in the restarted £500mn+ sale process for Miller Insurance have narrowed, with Tysers emerging as a new front-runner for the majority Willis Towers Watson-owned broking house, The Insurer understands.
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News
Willis hires P&C technology director from Guidewire
Willis Towers Watson has named Alexander Van Gorden as senior technology director for its insurance consulting and technology business.
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News
Willis Research Network partners with Metabiota on pandemic risk
The Willis Research Network (WRN) has partnered with Metabiota, a risk analytics organisation that specialises in infectious diseases modelling and helps businesses and countries build resilience to pandemics.
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News
Glass Lewis and ISS back Aon-Willis Towers Watson merger
Proxy advisory firms Glass Lewis and Institutional Shareholder Services (ISS) have both backed the combination of Aon and Willis Towers Watson.
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News
Aon and WTW amend proxy statement in response to shareholder suits ahead of vote
Aon and Willis Towers Watson (WTW) have amended the definitive proxy statement that will form the basis of the shareholder vote later this month on the combination of the two firms.
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Analysis
Q2 organic growth rates suggest brokers will avoid worst case scenario
Second quarter organic growth rates across the major brokers has suggested a more optimistic outlook for the remainder of 2020 than presented at the end of Q1.
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News
Aon-WTW on track to close with no divestitures: Davies
Aon management have reiterated their confidence that the Willis Towers Watson deal will close without the need for divestitures, including in reinsurance.
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News
Aon-Willis deal stays on course for H1 2021 completion: Haley
Willis Towers Watson’s combination with Aon remains on course to complete in the first half of 2021, Willis CEO John Haley told the broker’s second quarter earnings call.
