WTW posts 5% organic growth in Q1 earnings beatWTW has posted adjusted earnings per share of $3.29 for the first quarter, beating the analyst consensus of $3.25.
WTW recruits chair of Lockton’s global real estate practice Danielle LombardoWTW has recruited Lockton partner and the chair of its global real estate practice Danielle Lombardo for a similar role, a move that is a high-profile addition of an executive who also has a strong reputation as a producer, The Insurer can reveal.
WTW parts ways with around 130 staff in CRB North America to support strategy shiftWTW Corporate Risk and Broking North America this week eliminated between 120 and 130 roles as part of a shift toward more client-facing activities and to align staff with its industry vertical strategy, The Insurer can reveal.
UK car insurance premiums fall 5% in Q1 2024: WTWAverage UK motor insurance premiums have dropped by 5 percent during the first quarter of 2024 but remain 43 percent higher than the prior-year period, according to WTW.
WTW unveils French promotions with Dussuyer as head of France and CRB FranceWTW has appointed Nick Dussuyer as head of France and head of Corporate Risk and Broking (CRB) France.
Benign loss activity sees energy market return to profitability in 2023: WTWRelatively benign loss activity across the energy industry saw insurance markets return to profitability in 2023, with no indicators that carriers are set to withdraw capacity, according to WTW.
WTW hires Harrison from Aon as global head of claimsWTW’s Risk & Broking division has appointed Neil Harrison from Aon as its new global head of claims, with the executive joining at the end of this month.
WTW names Marsh’s Mackenzie to succeed Knight as head of natural resourcesWTW has appointed Rupert Mackenzie as head of natural resources, replacing Graham Knight, who will assume the role of chairman of natural resources.
Counterfactual analysis will help insurers be less reactionary to nat cat events: WTWImplementing downward counterfactual analysis alongside traditional catastrophe models to consider alternative histories based on near-miss events will help the insurance industry to become more proactive rather than reactive to natural disasters, according to WTW’s Jessica Boyd.
BofA, KBW: Personal lines growth, strong reinsurance results expected in Q1 earningsAnalysts at Bank of America and KBW are predicting strong first quarter results for reinsurers and improving personal lines results driven by a mild quarter for cat losses, but anticipate commentary among CEOs about weakening casualty trends.
M&A deal performance rises modestly as large transactions begin to stabilise: WTWGlobal M&A deal volume saw a “modest rise” in the first quarter of 2024 with 166 $100mn+ transactions completed globally compared to 150 deals in the prior year period, according to WTW’s quarterly deal performance monitor.
WTW adds former Everest global cyber liability head WestWTW has hired Ayesha West from Everest Insurance as senior client advocate for the financial institutions and professional services industry vertical division in North America.
WTW and University of Geneva partner to model “overlooked” volcanic eruptionsWTW has partnered with the University of Geneva to quantify the low-frequency, high-severity impacts of large volcanic eruptions on climate, food security, and society.
Health and safety ousts cyber as top D&O risk for 2024: WTWHealth and safety is the most important risk facing directors and officers in 2024, as risks associated with cyber attacks fell to second place after three years in the top spot, according to WTW.
WTW secures USAID funding for “Resilience Wrapper” parametric pilotWTW is to design a “Resilience Wrapper” pilot facility that will enable the US Development Finance Corporation to offer a parametric cover that protects the direct loans it provides to private enterprises from climate-related shocks.
WTW: Reduced capacity drives London construction rates up 5- 7.5%London market construction rates increased by 5 to 7.5 percent across global portfolios in 2023, with capacity availability down significantly as the market continues to complete placements on a “best risk” capacity only basis, according to WTW.
WTW names UIB’s Shipton senior broker for London North America propertyWTW has appointed Laura Shipton as senior broker in the North American property team within its direct and facultative global line of business, based in London.
Judge rules Towers Watson insurers not liable for $90mn settlement of Willis merger suitsOn remand from the Fourth Circuit, an Eastern District of Virginia judge has ruled that policies issued by Towers Watson’s insurers do not cover a $90mn settlement related to the 2016 merger with Willis.
WTW CLIPS: US commercial insurance rate rises accelerate to 6.6% in Q4US commercial insurance rate increases accelerated to 6.6 percent in Q4 2023 with the biggest rise recorded in the commercial auto sector, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS) report from WTW.
WTW adds Aon’s Bosc to lead global specialty expansionWTW has named Julien Bosc to the newly created role of global specialty director within its Insurance Consulting and Technology business.