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.
Car insurance premiums rose 8% in 2017
Research finds that premiums actually fell in final quarter of the year.
#Insagepeople: 08 - 14 January 2018
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Ogden hope sees car premiums fall
Comprehensive car insurance prices have dropped 1.1%, the largest quarterly reduction seen in more than three years.
#insagepeople 9 - 15 October 2017
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Dive In: 71% of insurance workers want culture change
Survey reveals insurance staff believe culture within firms needs to change as diversity festival Dive In kicks off.
#insagepeople: 18 - 24 September 2017
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InsurTech Futures: First blockchain platform for marine insurance launched
EY and Guardtime team up with Willis Towers Watson, MS Amlin, XL Catlin, A.P. Møller-Maersk, ACORD and Microsoft on new platform.
Diversity festival Dive In 2017 opens for registration
Delegates can now get tickets for the third Dive In festival for diversity and inclusion.
#insagepeople 10 - 16 July 2017
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Motor premiums rise to highest level since 2010
The Confused.com Index, in association with Willis Towers Watson, shows impact of Brexit, IPT and the Ogden rate on the rise and warns prices could hit "record" levels.
#Insagepeople: 19 - 25 June 2017
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Broking Break: Your top five of the week
A new Justice Secretary, advice on ruthlessness, the Ogden impact, an acquisition and a restructure top this week’s charts.
Willis Towers Watson restructures broking group
Eight leaders appointed across geographical regions and business lines.
Market moves: Spring has sprung
Spring is here and brokers continue to see fewer people moves than insurers.
#Insagepeople: 01 - 07 May 2017
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#Insagepeople: 24 - 30 April 2017
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Major brokers caught up in FCA aviation probe
Regulator reported to be looking into "suspected conduct" but declines to comment.
Willis and AIG launches cyber product for global airlines
Product is tailored to cover cyber exposure affecting the airline industry.
Car premiums increase by 16%
Confused.com figures show that the discount rate cut played a key part in the rise of premium costs.
Broking Break - Your Top Five
What insurer bosses had to say about their firm’s 2016 results, changes in technology and the Ogden rate, and a court case make up the top five.
Discount rate a "pressure cooker waiting to blow" says Willis Towers Watson
If Ogden rate is changed to -0.5% cost of providing car insurance will rise by £700m per year and the one-off reserve charge could hit £4.9bn.
Willis Towers Watson posts 50% fall in profits
Revenues rise by 5% to $7.9bn as restructuring and integration costs bite.
Car premiums increase by 14%
Confused.com figures show the increase in the final quarter of 2016 was lower than in the same period in 2015.
#insagepeople: 12 - 18 December 2016
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