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.
Willis’ new wildfire resilience insurance to focus on risk mitigation
2nd April 2025
Willis, a business of WTW, and The Nature Conservancy (TNC) have launched a new $2.5 million wildfire resilience insurance for the Tahoe Donner Association in Truckee, California. Described as "first-of-its-kind," this policy directly links insurance costs to proactive wildfire risk mitigation efforts. Developed in partnership with UC Berkeley's Center for Law, Energy ... Read the full article
WTW acquires Global Commercial Credit
1st April 2025
Global advisory, broking, and solutions firm WTW has announced the acquisition of Global Commercial Credit, LLC (GCC) into Willis, a WTW business. The move significantly bolsters WTW's capabilities in trade credit and political risk insurance, particularly targeting growth in North America. The acquisition directly supports WTW's strategy to expand into specialized, high-growth ... Read the full article
Willis launches insurance solution for marketing & advertising production in US
27th March 2025
Willis, a WTW business, has launched AdWrap, a master-controlled insurance program designed to streamline production insurance for businesses and their contracted vendors. AdWrap offers a cost-effective and transparent solution for companies producing marketing, advertising, and promotional content in the U.S. The program simplifies production insurance for in-house teams, third-party vendors, and social ... Read the full article
WTW appoints Munich Re’s Massimo Cavadini to newly created role
13th March 2025
Global advisory, broking, and solutions firm WTW has appointed Massimo Cavadini as Head of Product, Pricing, Claims and Underwriting for Continental Europe, a newly created role aimed at strengthening the firm’s leadership in insurance analytics. In this position, Cavadini will oversee the expansion of WTW’s consulting and software solutions in claims ... Read the full article
LSM joins WTW’s Neuron platform to enhance digital risk trading
11th March 2025
Global advisory, broking, and solutions firm WTW has announced that Liberty Specialty Markets (LSM) will be an early adopter of Neuron, its digital trading platform. WTW reportedly developed Neuron to modernise specialty risk placement by connecting brokers and insurers in real time, streamlining complex risk trading, and enhancing efficiency across the ... Read the full article
U.S. commercial insurance rates moderate to 5.6% in Q4’24: WTW
10th March 2025
WTW's Commercial Lines Insurance Pricing Survey (CLIPS) has revealed that U.S. commercial insurance rates continued to rise in the fourth quarter of 2024, albeit at a more moderate pace. As per WTW's CLIPS, carriers reported an aggregate price increase of 5.6% in the fourth quarter of 2024, down from the rate ... Read the full article
WTW partners with KIT and NASA to enhance hail risk modelling
6th March 2025
WTW, an advisory, broking, and solutions company, has announced the continuation of its long-standing collaboration with the Karlsruhe Institute of Technology (KIT), alongside NASA’s Disasters Program and the NASA Langley Research Center. The partnership will focus on advancing the understanding and modelling of hail risk, leveraging more than a decade of ... Read the full article
WTW unveils new AI-driven monitoring tool for insurers
5th March 2025
International broker WTW has launched Radar Vision, an AI-driven performance monitoring tool custom-built for insurers. The global insurance industry is facing a period of rapid change and uncertainty, driven by significant inflation, demographic shifts, and a volatile market. To succeed in this environment, WTW highlights, insurers must be able to quickly understand ... Read the full article
WTW teams with Cornell University to address global drought risks
19th February 2025
WTW, a global advisory, broking, and solutions company, has formed a new partnership with Cornell University to analyse the risks posed by severe and extended droughts worldwide. This collaboration will offer a deeper understanding of global vulnerability to drought risks and explore the potential effects of water scarcity on business operations. Around ... Read the full article
Willis and Global Parametrics announce first payout of parametric policy for coffee farmers in Vietnam
17th February 2025
Willis, a WTW business, and Global Parametrics have delivered a new parametric solution to coffee farmers in Vietnam, backed by the Natural Disaster Fund (NDF) and in partnership with Bao Minh Insurance Corporation, providing timely relief to coffee growers affected by drought. The solution was placed in early 2024 and was ... Read the full article
WTW names Guy Donahue as Cross Industry Midwest Property Broking Leader
14th February 2025
WTW, a global advisory, broking, and solutions company, has announced the appointment of Guy Donahue as the new Cross Industry Midwest Property Broking Leader within Corporate Risk and Broking North America (CRB NA). In this role, Donahue will oversee strategic initiatives, build and maintain client relationships, and lead property broking activities ... Read the full article
WTW unveils updates to Radar rating and analytics engine
10th February 2025
WTW, an advisory, broking, and solutions firm, has enhanced its Radar rating and analytics engine with the launch of its Rating, Pricing, and Underwriting accelerator for Guidewire. Radar, WTW’s external rating engine, is designed for the insurance industry, providing real-time analytics and decision-making for pricing and underwriting. The new Guidewire accelerator streamlines ... Read the full article
Willis appoints Stephen Kyriacou as Head of Litigation & Contingent Risk Solutions NA
6th February 2025
Willis, a WTW business, has appointed Stephen Kyriacou as Head of Litigation and Contingent Risk Solutions, and Senior Director of Transactional Solutions for North America. In his new role, Kyriacou will focus on developing and implementing tailored insurance solutions for litigation and contingent risks. He will collaborate closely with corporate, private ... Read the full article
Willis appoints Derrick Easton as Global Head of Alternative Risk Transfer and Western Europe lead
5th February 2025
Willis, a WTW business, an advisory, broking, and solutions company, has named Derrick Easton as the new Global Head of Alternative Risk Transfer (ART) and Head of Western Europe for Risk and Analytics. Since joining WTW in 2015, Easton has led the company’s ART team in the US, bringing a strong ... Read the full article
WTW posts revenue of $9.93bn for 2024 amid segment growth
4th February 2025
Global advisory, broking and solutions firm WTW has revealed in its full-year results revenue of $9.93 billion, an increase of 5% as compared to the $9.48 billion recorded in 2023. WTW’s Health, Wealth & Career segment made up $5.77 billion of the total 2024 revenue, while its Risk & Broking segment ... Read the full article
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