Reinsurance News
WTW
WTW is a leading broker, consultancy and advisory for the insurance and reinsurance sector. One of the largest insurance brokers in the world and with a new reinsurance broking venture underway, WTW is a key player in the market.
Ample capital and competition point to ‘healthy buyer’s market’ in 2025: Willis
6th May 2025
The latest Insurance Marketplace Realities report from Willis highlights opportunities for buyers from ample capital, growing capacity, and renewed competition, signalling a healthy buyer's market in 2025. Willis, part of global insurance broking group WTW, notes that the commercial insurance market is operating from a place of historical financial strength, as ... Read the full article
Steve Hutchinson named Head of P&C, HK and Macau at Willis
6th May 2025
WTW, a global advisory, broking, and solutions firm, has appointed Steve Hutchinson as Head of Property & Casualty (P&C) for Hong Kong and Macau at Willis, a WTW business. Hutchinson brings over two decades of insurance market experience across London, Hong Kong, and Singapore. He joins Willis from Howden Insurance Brokers Limited, ... Read the full article
UAE based Al-Futtaim Willis to be wholly managed by WTW
2nd May 2025
WTW, an advisory, broking, and solutions firm, stands to gain full managerial control of its United Arab Emirates (UAE) domiciled joint venture, Al-Futtaim Willis (AFW), following Al-Futtaim's decision to sell its 51% stake in the company. The transaction is subject to regulatory approval and is expected to close in the second ... Read the full article
WTW expands US West Coast presence with CFS acquisition
2nd May 2025
WTW, a global advisory, broking and solutions company, has announced the acquisition of CFS International Inc. (CFS), an US West Coast trade credit insurance company, into Willis. CFS was founded in 1990 and specialises in delivering trade credit insurance solutions to global firms. Facing an ever more intricate and competitive global landscape, ... Read the full article
WTW launches AI-driven monitoring tool, Radar Vision
1st May 2025
WTW, an advisory, broking, and solutions firm, has launched Radar Vision, an AI-driven performance monitoring tool built specifically for insurers that provides early actionable insights for pricing, portfolio management, underwriting, and claims, allowing rapid response to emerging trends. The global insurance industry's turbulent conditions have continued for a few years, with ... Read the full article
Willis appoints Dom Spinelli as Head of Transactional Insurance Claims, NA
25th April 2025
Willis, a WTW business, has announced the appointment of Dom Spinelli as Head of Transactional Insurance Claims for North America. In this role, he will lead the claims function within Willis’ Alternative Asset Insurance Solutions (AAIS) division, overseeing the full lifecycle of transactional insurance claims, including representations and warranties, tax, and ... Read the full article
Reinsurance joint venture is progressing well: WTW CEO
24th April 2025
Carl Hess, CEO of global broking group WTW, said the firm’s reinsurance joint venture with private investment firm Bain Capital is progressing well, and he remains confident in its long-term contribution to growth and earnings. In December 2024, WTW confirmed its intention to re-enter the treaty reinsurance broking market through ... Read the full article
WTW sees net income hit $239m in Q1’25
24th April 2025
WTW has reported a net income of $239 million for Q1 2025, up from $194 million in Q1 2024, although revenue declined by 5% to $2.2 billion due to the sale of TRANZACT to GTCR and Recognize in Q4 of 2024 for $632.4 million. Meanwhile, the advisory, broking and solutions ... Read the full article
Willis names Harry Merker to key leadership roles in P&C and Alternative Asset Insurance Solutions
24th April 2025
Willis, a WTW business, has named Harry Merker as the new Property and Casualty (P&C) Cross Industry Sales Leader and Alternative Asset Insurance Solutions (AAIS) Sales, Strategy, and Execution Leader for North America. In this newly established dual role, Merker will be responsible for advancing broking growth across Willis’ P&C operations, ... Read the full article
Willis names Anant Pawar as Aviation & Space Leader for India
23rd April 2025
Willis, part of global insurance broker WTW, has appointed Anant Pawar as the Aviation & Space Leader for India, effective immediately. In this new role, Pawar will be responsible for providing strategic insurance broking solutions and specialised services to aviation clients across the country. Pawar brings extensive industry knowledge and leadership experience, ... Read the full article
Energy sector highly attractive to capital providers, profitability a challenge for insurers: Willis
10th April 2025
With capacity at an all-time high, the energy insurance market continues to soften, driven by a delicate balance between profitability concerns and the pursuit of market share, a recent Willis report has stated. According to the Energy Market Review report, the downstream market has seen a gradual increase in rate reductions ... Read the full article
Liberty Specialty Markets joins WTW’s Neuron platform for live cyber and D&O trading
10th April 2025
WTW, an advisory, broking, and solutions firm, has announced the next step in the rollout of its digital trading platform, Neuron. Liberty Specialty Markets (LSM) is now live on the platform, bringing real-time trading capability for Cyber and Directors & Officers (D&O) risks. LSM’s capacity became active on Neuron as of 31 ... Read the full article
Willis launches new Professional Indemnity solution with CCY40m capacity
8th April 2025
Willis, a WTW business, has launched ProXS, a new Professional Indemnity solution with a CCY40m capacity, designed to provide enhanced and cost-effective coverage for professional companies. The ProXS solution includes competing panels from Lloyds and company markets. Clients will be able to benefit from pre-agreed discount premiums that guarantee the best ... Read the full article
Willis expands CyXS cyber facility
4th April 2025
WTW's Willis business has expanded its CyXS facility, offering USD/GBP/EUR 115m of capacity through Lloyd's syndicates and up to USD/GBP/EUR 40m from outside of the Lloyd's marketplace. The Willis CyXS facility now includes the new CyXS Plus and CyXS Company offerings, each offering a further USD/GBP/EUR40m of capacity. CyXS Company facilitates the ... Read the full article
Jody Yee to lead WTW’s Alternative Risk Transfer Solutions team in the Americas
3rd April 2025
Global advisory, broking, and solutions firm WTW has announced the appointment of Jody Yee as Head of Alternative Risk Transfer Solutions in the Americas. Yee will leverage his significant industry experience and a focus on developing innovative and tailored risk management solutions to deliver WTW clients tailored alternative risk transfer (ART) ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
