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Willis Towers Watson
U.S. commercial insurance prices nearly flat during second quarter of 2016: Willis Towers Watson
September 12, 2016 by Canadian UnderwriterCommercial insurance prices in the United States were nearly flat during the second quarter of 2016, according to the most recent Commercial Lines Insurance Pricing Survey (CLIPS), released on Monday. Willis Towers Watson (WTW), a global advisory, broking and solutions…
Reinsurers ‘more willing’ to decline participation where demands from cedents are too great: Guy Carpenter
September 9, 2016 by Canadian UnderwriterAs investment returns remain low and with recent drops in renewal pricing, reinsurance carriers are resisting “aggressive buying tactics” on the part of cedents, Guy Carpenter & Company LLC suggested in an article published Friday. “From a buying perspective, while…
Combined ratio deteriorates 2.6 points for Willis Reinsurance Index
September 7, 2016 by Canadian UnderwriterWillis Towers Watson plc reported Monday the combined ratio for its index of top reinsurers was 94.1% during the first six months of 2016, up 2.6 points from 91.5% during the same period as 2015, during a time when insurers…
Non-life catastrophe bond issuance hits US$2.8 billion: WCMA
July 12, 2016 by Canadian UnderwriterMarket issuance of non-life catastrophe bonds for the first half of the year amounted to US$2.8 billion, with six transactions in the second quarter accounting for US$1 billion of capacity, notes a report from Willis Capital Markets & Advisory (WCMA).…
Written premium prices on Canadian commercial policies in Q1 2016 up 1.2% from prior year quarter: Willis Towers Watson survey
July 11, 2016 by Canadian UnderwriterWritten premium price levels charged on insurance policies underwritten during the first quarter of 2016 increased 1.2% from the prior year quarter, according to Willis Towers Watson’s Commercial Lines Insurance Pricing Survey – Canada (CLIPS Canada). The most recent survey,…
Car insurance premiums in the U.K. up 19% year-over-year, new study finds
July 11, 2016 by Canadian UnderwriterMotorists in the United Kingdom are facing the biggest annual price hikes in car insurance premiums in five years, with prices rising by £115 over the last 12 months, according to the latest Confused.com Car Insurance Price Index, powered by…
Paris climate agreement presents ‘particular risks’ for shale fuel producers: Willis Towers Watson
July 5, 2016 by Canadian UnderwriterAn international agreement to limit carbon emissions, regulations requiring some natural resources firms to have cash on hand to decommission facilities and the threat of cyber attack are among the risks cited by senior executives in a Willis Towers Watson…
U.S. commercial insurance prices rose less than 1% in first quarter: Willis Towers Watson
June 13, 2016 by Canadian UnderwriterCommercial insurance prices in the United States increased modestly in aggregate – less than 1% – during the first quarter of 2016, continuing a three-year trend of smaller increases, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS) by…
Corporate investigations on the rise, study suggests
May 24, 2016 by Canadian UnderwriterCorporate investigations are on the rise, with over a quarter (27%) of businesses saying they have experienced a claim or investigation involving a director of their company in the past year, up from one in five in 2014. That was…
Global media and telecom executives rank data protection fines and penalties as top risk to their industries: Willis Towers Watson
May 24, 2016 by Canadian UnderwriterGlobal media and telecommunication executives both ranked regulatory fines and penalties arising from data protection breaches as the primary risk facing their respective industries, according to new research released on Tuesday by global advisory, broking and solutions company Willis Towers…
Commercial prices in aggregate for Canadian insurers up 3.8% in general products and liability lines during Q4 2015 vs. Q4 2014: pricing survey
April 25, 2016 by Canadian UnderwriterCommercial insurance prices in aggregate for Canadian insurers increased 3.8% in the general products and liability line during the fourth quarter of 2015 compared to those charged for the same coverage during Q4 2014, according to the latest Willis Towers…
Lack of “people focus” hampers financial success of M&A: Willis Towers Watson
April 19, 2016 by Canadian UnderwriterMore than four in 10 (42% of) polled insurance companies “recognize the critical importance of cultural integration and of hiring and retaining employees to the overall success of a deal,” according to a survey of senior insurance executives conducted by…