Global professional services company Towers Watson has purchased WellsCanning, a Valhalla, N.Y.-based investment advisory firm specializing in the insurance industry. WellsCanning principals and consulting staff have joined Towers Watson’s investment business in New York. Towers Watson said WellsCanning is “a …
In an indication that the market may be hardening, commercial insurance prices in aggregate increased by nearly 1.5 percent during the second quarter of 2011. It’s the first time since the fourth quarter of 2003 that all standard commercial lines …
As they watched Congress struggle to put a debt deal in place by Aug. 2, U.S. insurers worried about their companies’ portfolios, short- and long-term interest rates and a decline in equity markets. The leading concern among insurers in the …
More than 60 percent of insurers say that their most recent merger accomplished the desired objective of competitive position strengthening— double the success rate reported by non-insurers involved in mergers. While strengthening competitive position is mentioned most frequently as a …
Commercial insurance prices were relatively flat for the ninth consecutive quarter, and new data confirm the deterioration of loss ratios in accident-year 2010. Price reductions continued for commercial property and management liability lines, according to global professional services company Towers …
A new poll, conducted at a recent Towers Watson Solvency II seminar, concludes that “almost half of insurers do not have an effective way of measuring and managing the risk culture within their organization.” As a result, Towers Watson warned …
Towers Watson has named Darrell Comis, senior vice president, and David J. Albert, vice president, in its Reinsurance Brokerage business. Comis, based in the company’s Stamford, Conn. offices, will be responsible for facultative market strategies. Before joining Towers Watson, Comis …
Commercial insurance prices were relatively flat for the eighth consecutive quarter, while accident-year loss ratios deteriorated relative to the same period in the prior 12 months. According to global professional services company Towers Watson’s most recent Commercial Lines Insurance Pricing …
Directors and officers (D&O) liability insurance is gaining traction as more companies are increasing their D&O liability limits and a growing number with international operations are also purchasing D&O policies in foreign jurisdictions. The buyers are being driven by the …
