Willis Towers Watson News

China’s Regulator Toughens Insurer Licensing Requirements: Sources

China’s insurance regulator is making it much tougher for insurers to get new licenses as it seeks to reduce risks resulting from the aggressive business and investment practices of some players, said three people with knowledge of the matter. Concerns …

Rising Risks Could Cost Global Cities $1.17 Trillion of GDP in 2017: Cambridge Study

The costs of major shocks to the global economy from natural and manmade threats could put at risk $1.17 trillion of the total projected GDP of the world’s major cities in 2017, according to the findings of a report compiled …

Willis Towers Watson Adds Lawrence, Gunn in Midwest Region

Willis Towers Watson announced two key appointments in Midwest regional offices. Tom Lawrence has been appointed market leader for the Missouri/Kansas market, which includes key offices in Kansas City and St. Louis. He will oversee the company’s operations in the …

Willis Towers Watson Launches Cyber, Fidelity Coverage for Financial Institutions

Willis Towers Watson has launched CyFI, or “cyberinsurance and fidelity,” for financial institutions that addresses coverage gaps between cyberinsurance policies and fidelity bonds. As financial institutions evolve in the digital age and integrate new technologies into their operations, they increase …

Willis Towers Watson Makes Additional Senior Management Changes

Willis Towers Watson has announced additional leadership changes one day after confirming that Dominic Casserley, president and deputy CEO of Willis Towers Watson, will be leaving the firm at the end of the year. Today’s announcement said that Tim Wright, …

Casserley to Leave Willis Towers Watson

Dominic Casserley, president and deputy CEO of Willis Towers Watson, will leave the company when his employment agreement ends on Dec. 31, 2016, the global advisory and broking company confirmed on Tuesday. Casserley took his present position in January 2016 …

Willis Re and SpatialKey Partner to Launch European Windstorm App

Willis Re, the reinsurance division of Willis Towers Watson, has collaborated with SpatialKey Inc. to launch a new European Windstorm app. “This powerful new event response application integrates data from multiple data sources, including EuroTempest, insurance industry experts in forecasting …

Hurricane Matthew More Hype Than Bite So Far But Insurers, Agents Remain on Alert

While Hurricane Matthew rages along Florida’s coast, with the end potentially still hours away, the insurance industry seems to be breathing a sigh of relief, thus far. As of Friday morning, Matthew seemed to have spared South Florida major damage …

Willis Names Shay Western Financial and Executive Risk Practice Leader

Willis Towers Watson has named Charles Shay leader in financial and executive risk in North America’s West region. The financial and executive risk practice delivers tailored risk management and risk transfer solutions to help companies protect executives and key assets. …

Willis Towers Watson Establishes North America Public Entity Practice; Goode to Lead

Willis Towers Watson has established a North America Public Entity practice under the leadership of Mark Goode. The Public Entity practice will provide risk management, consulting and insurance brokerage services to a range of entities including state governments, municipalities, educational …