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.
Third quarter of car insurance price falls – WTW/Confused
Comprehensive car insurance premiums have now dropped year-on-year after a third consecutive quarterly fall in prices, according to the latest findings by WTW and Confused.
Hiscox rolls out Google-backed AI model to all brokers
Hiscox has today announced that it is rolling out its AI-enhanced lead underwriting model to all of its London market brokers after a successful proof of concept.
Clarke starts at WTW as president of risk and broking
WTW has confirmed the arrival of Lucy Clarke as president of risk and broking, with Adam Garrard taking on the new role of chairman of risk and broking.
People Moves: 15 – 19 July 2024
Keep up to date with the latest insurance industry personnel moves.
Car premiums drop for second quarter in a row
Comprehensive car insurance premiums fell by 6% (£59) between April and June 2024, the second quarter of decreases according to the latest research by Confused/WTW.
Experts call for vigilance in ever-changing cyber risks landscape
Panellists at the Financial Times Global Insurance Summit yesterday called for more education on and prevention of cyber risks.
Biba 2024: Work from home being used as a ‘bargaining chip’ in luring broker talent
Work from home is being used as a ‘bargaining chip’ in the war for talent, said broker boss Shona Robertson.
Biba reduces burden for board members after agreeing special resolution
The British Insurance Brokers’ Association (Biba) has recruited some new people to its main board and agreed to changes to make the commitment of those involved with all of its committees less onerous, including fewer meetings.
People Moves: 15 – 19 April 2023
Stay in the loop with the latest insurance personnel moves.
First fall in car premiums for over two years
Comprehensive car insurance premiums fell by 5% in the first three months of 2024 after nine consecutive quarters of rises, according to the latest research from Confused/WTW.
People Moves: 5 – 9 February 2024
Stay in the loop with the latest insurance personnel moves.
WTW reports 10% organic broking growth in 2023
WTW has confirmed 10% organic growth in its risk and broking division last year, an improvement on the 3% achieved in 2022.
People Moves: 22 – 26 January 2024
Follow the latest insurance personnel moves.
Car insurance premiums surge 58% in a year
According to research by WTW and Confused, car insurance premiums have soared to a record high with a 58% rise in 2023.
Liberty Specialty Markets takes Andrew Jackson from WTW for key broker role
Liberty Specialty Markets has added Andrew Jackson from WTW as global head of business development and market management.
People Moves: 6 – 10 November 2023
Stay in the loop with the latest insurance personnel moves.
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