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Willis Towers Watson
Commercial insurance prices in U.S. remain flat during 2016 Q4
March 13, 2017 by Canadian UnderwriterCommercial 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…
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 UnderwriterNearly 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…
Record number of M&A deals closed in last two weeks of 2016: Willis Towers Watson
January 16, 2017 by Canadian UnderwriterA 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…
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 UnderwriterReported 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…
Determining consequential damages from data breach ‘difficult to apply in practice:’ Willis Towers Watson
December 21, 2016 by Canadian UnderwriterA ‘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…
Fourth quarter 2016 M&A deal volumes fall from Q4 2015: Willis Towers Watson
December 21, 2016 by Canadian UnderwriterDeal 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…
Insurers that carry out a significant acquisition outperform their peers, with the strongest outperformance in North America: study
December 1, 2016 by Canadian UnderwriterInsurance 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…
Revenues for Willis Towers Watson up 2% in third quarter of 2016
November 8, 2016 by Canadian UnderwriterGlobal 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…
Former Willis CEO Casserley to leave Willis Towers Watson this year
October 31, 2016 by Canadian UnderwriterDominic Casserley, president and deputy chief executive officer of Willis Towers Watson plc, will be leaving the firm when his employment agreement ends Dec. 31, the London-based firm announced recently. The US$18-billion merger of Willis Group Holdings plc and Towers…
Mixed North American commercial insurance market still favours buyers: Willis Towers Watson report
October 26, 2016 by Canadian UnderwriterThe marketplace for property, casualty and other lines of commercial insurance will continue to favour insurance buyers in 2017, particularly those with comprehensive strategic risk management and risk transfer strategies, global advisory, broking and solutions company Willis Towers Watson (WTW)…
Hurricane Matthew unlikely to have material impact on insurance market: Willis Towers Watson
October 7, 2016 by Canadian UnderwriterWith Hurricane Matthew weakening and being downgraded, it is less likely it will reach the US$30 billion initial loss estimates offered by catastrophe modelling firms, said Gary Marchitello, head of property broking with Willis Towers Watson (WTW). “The US$30 billion…
Canadian insurers report 1.7% written premium price level increase in Q2: Willis Towers Watson CLIPS Canada survey
October 5, 2016 by Canadian UnderwriterRespondents to Willis Towers Watson’s (WTW) latest Commercial Lines Insurance Pricing Survey – Canada (CLIPS Canada) have reported a 1.7% written premium price level increase during the second quarter of 2016 compared to the prior year quarter. Data was contributed…