Willis Towers Watson
In 1828 Henry Willis began his career as a merchant selling imported goods on commission in the UK at the Baltic Exchange in London.
Willis applied for membership of Lloyd’s in 1848, where he started to broker insurance for the cargoes of commodities he sold on commission. As his enterprise grew, he became involved in the hull business, establishing himself in marine insurance and founding Henry Willis & Company.
Today WTW, created by the merger of Willis and Towers Watson in 2016, aims to provide data-driven, insight-led solutions in the areas of people, risk and capital to help make organization more resilient, motivate workforces, and maximize performance. It operates in 140 countries and markets.
ABI calls for IPT cut as motor insurance prices hit record high
The average price of motor insurance increased by 29% in the third quarter of 2023, compared to the same time in 2022, reaching a record level £561, according to the Association of British Insurers’ Motor Premium Tracker.
Centricity MD Becky Morris on meeting its five-year plan with a ‘pretty unique’ approach
Becky Morris founded Centricity, based in Horsham, West Sussex in October 2021 with Financial Conduct Authority authorisation following in February 2022. The business won the Start-up Broker Award at the recent UK Broker Awards.
Brokers pledge to stop sharing building commissions and cap fees
Five top 100 UK broking groups have pledged to end sharing building insurance commissions with landlords and to cap fees. However, many others have not signed up including Gallagher UK who has refused to back the pledge in its existing version over…
Ardonagh, Aston Lark, Marsh and WTW staff among those chosen for CII New Gen broking group
The Chartered Insurance Institute has announced the 2023/24 broking group cohort of the New Generation talent programme.
Partners& bolsters Northern hub with latest broker deal
Partners& has bolstered its presence in the North of England with a deal for Stephensons Risk Management
Market Moves: October 2023
All the latest key personnel moves across the insurance market.
Motor premiums surge to record high
Motorists are paying 58% more than a year ago for comprehensive car insurance, according to the latest research by Confused and WTW.
Broker Expo 2023: Data “armistice” to lead to greater info sharing and better decisions
Sharing data across the industry will help insurers and brokers make more informed decisions for their customers, according to panellists at Broker Expo yesterday.
My Perfect Broker Week: Prabhmeet Singh, WTW
To tie in with the first-ever UK Broker Week, we asked our speakers to outline what their perfect working week would look like. Prabhmeet Singh, global finance director at WTW, shares his thoughts.
Top 100 UK Brokers 2023: Directory – £500m – £600m
Howden Group – WTW
My Perfect Broker Week: WTW Network’s Rachael Charles
To tie in with the first-ever UK Broker Week, we asked our speakers to outline what their perfect working week would look like. Rachael Charles, business partner, WTW Networks, shares her thoughts.
People Moves: 18 – 22 September 2023
Keep up to date with the latest personnel moves in insurance.
Brokers urged to educate customers looking to save costs on insurance
Brokers should educate customers keen to cut back on premium spend as to the risky consequences they could face, according to Guy Penn trading director Mark Whiteman.
Market Moves: September 2023
All the latest key personnel moves across the insurance market.
WTW names Joyner as new GB head
WTW has appointed Gaby Joyner as head of Great Britain replacing John Ball who retired from the firm in August 2023.
WTW expands GB operations with two leaders and new Cardiff office
WTW has appointed Chris Milnes to run the North and Scotland.
My Perfect Broker Week: WTW’s Dave Fletcher
To tie in with the first-ever UK Broker Week, we asked our speakers to outline what their perfect working week would look like. Dave Fletcher, regional director Wales & West, WTW outlines his thoughts.
Motor insurance prices at record high – ABI
The average premium paid for private comprehensive motor insurance in the second quarter of this year was £511, according to the Association of British Insurers, the highest figure since it started collecting the data in 2012.
WTW takes Lucy Clarke from Marsh as risk and broking president
WTW has swooped for Marsh’s Lucy Clarke as its new president of risk and broking.
People Moves: 17 – 21 July 2023
Keep up to date with the latest insurance personnel moves.
WTW/Confused: 12-month motor premium rise the highest since records began
Comprehensive car insurance premiums have risen by a record 40% (£222) during the last 12 months, with UK motorists now paying £776 on average, according to the latest Confused Car Insurance Price Index in association with WTW.
New WTW Networks MD John Read sees “wealth of opportunities”
John Read has hailed the “wealth of opportunities” after stepping up to be managing director of WTW Networks.
Howden appoints Rowan Douglas as CEO of climate risk and resilience
Howden has appointed former WTW climate leader Rowan Douglas as CEO, climate risk and resilience.
Brokers should push for 12-month BI indemnity periods to be extended
The 12-month indemnity period in business interruption insurance cover should be consigned to history and replaced with a minimum 18- to 24-month one as standard.
