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Willis Towers Watson

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ILS market growth continues in first quarter of 2017, record year possible: Willis Towers Watson Securities

April 26, 2017 by Canadian Underwriter

Non-life insurance-linked securities (ILS) capital grew again in the first quarter of 2017, continuing the trend from last year, the securities division of Willis Towers Watson (WTW) has reported. Willis Towers Watson Securities, the investment banking business of WTW, released

News InsuranceLegislation / RegulationMarkets / CoveragesReinsurance

“New normal” may be emerging in global energy insurance markets: Willis Towers Watson

April 12, 2017 by Canadian Underwriter

The energy sector is still beset by some significant challenges, including low oil prices, but there may also be a “new normal” emerging in the global energy insurance market, according to global advisory, broking and solutions company Willis Towers Watson

News Commercial LinesInsuranceProductsTechnology

Willis Towers Watson launches new cyber product for global airlines

April 11, 2017 by Canadian Underwriter

Global advisory, broking and solutions company Willis Towers Watson (WTW) announced on Tuesday that it has introduced a new “flexible insurance solution” specifically tailored to cover cyber exposure affecting the global airline industry. CyFly forms part of WTW’s integrated approach

News CatastrophesClimate ChangeCommercial LinesInsuranceMarkets / CoveragesReinsurance

Risk to U.S. property from severe convective storms as high as from hurricanes: Willis Re

March 20, 2017 by Canadian Underwriter

Severe convective storms (SCS) posed as much risk to property in the United States as hurricanes between 2003 and 2015, with the average annual loss from SCS amounting to US$11.23 billion compared to US$11.28 billion from hurricanes. So concludes a

News Commercial LinesInsurance

Commercial insurance prices in U.S. remain flat during 2016 Q4

March 13, 2017 by Canadian Underwriter

Commercial insurance prices in the United States were almost flat during 2016 Q4, with price increases of less than 1% for the fifth straight quarter, Willis Towers Watson (WTW) reports in its latest Commercial Lines Insurance Pricing Survey (CLIPS). CLIPS

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

Nearly half of global insurers expect to acquire new technologies through M&A in the next three years: Willis Towers Watson survey

February 17, 2017 by Canadian Underwriter

Nearly three-quarters of global insurers (74%) believe that their sector has failed to show leadership in digital innovation, according to a new survey by Willis Towers Watson (WTW) released on Thursday. The report, titled New horizons: How diverse growth strategies

News Commercial LinesInsuranceMarkets / Coverages

Record number of M&A deals closed in last two weeks of 2016: Willis Towers Watson

January 16, 2017 by Canadian Underwriter

A record number of merger and acquisition deals – 72 – were closed in the last two weeks of 2016, compared to just 48 deals for the same period in 2015, according to Willis Towers Watson’s (WTW) latest Quarterly Deal

News Commercial LinesEarnings / RatingsInsurance

Loss ratio for Canadian commercial insurers deteriorates in accident year 2016 compared to same period in 2015: Willis Towers Watson survey

January 11, 2017 by Canadian Underwriter

Reported claim cost information for Canadian commercial insurers reveals a deterioration in loss ratio of 38.4% in accident year 2016 compared to the same period in 2015, according to Willis Towers Watson’s (WTW) Commercial Lines Insurance Pricing Survey – Canada

News Commercial LinesInsuranceLegalTechnology

Determining consequential damages from data breach ‘difficult to apply in practice:’ Willis Towers Watson

December 21, 2016 by Canadian Underwriter

A ‘significant percentage’ of data breaches involve a loss or compromise of data in the hands of third-party vendors, and many technology vendor agreements cap those vendors’ liability to fees paid and leave customers on the hook for consequential, incidental

News Commercial LinesEarnings / RatingsInsurancePersonal Lines

Fourth quarter 2016 M&A deal volumes fall from Q4 2015: Willis Towers Watson

December 21, 2016 by Canadian Underwriter

Deal volumes for the fourth quarter of 2016 so far have fallen to 201 deals compared to 307 in Q4 2015, according to Willis Towers Watson’s (WTW) latest Quarterly Deal Performance Monitor (QDPM), released on Tuesday. While there is a

News Commercial LinesEarnings / RatingsInsuranceMarkets / CoveragesPersonal LinesProfessional Development

Insurers that carry out a significant acquisition outperform their peers, with the strongest outperformance in North America: study

December 1, 2016 by Canadian Underwriter

Insurance firms that carry out a significant acquisition outperform their peers, with the strongest outperformance seen in North America, followed by Europe and Asia-Pacific, according to a new study. Based on analysis from Willis Towers Watson (WTW) and the University

News Earnings / RatingsInsuranceMarkets / Coverages

Revenues for Willis Towers Watson up 2% in third quarter of 2016

November 8, 2016 by Canadian Underwriter

Global advisory, broking and solutions company Willis Towers Watson (WTW) has announced its financial results for the third quarter of 2016 ending Sept. 30, reporting total revenues of US$1.78 billion, an increase of 2% (5% constant currency increase, 1% organic