Willis Group reported a net loss of $24 million, or $(0.35) per diluted share during the fourth quarter of 2015, compared to earnings of $76 million, or $1.12 per diluted share, in the prior year quarter. During the 12 months …
The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects forcing down premium rates and income in a market that was already crowded. Insurers forecast income could dive by 20 …
China’s biggest industrial companies want to buy insurers in 2016 as they seek to grow outside Asia as the domestic economy slows and falling insurance rates prompt more firms to do deals, according to Willis Towers Watson Plc. “We’ve been …
Willis Re, the reinsurance business of Willis Towers Watson, announced a strategic partnership with technology company Measure to advance the use of drones within the insurance industry and bring the latest drone technology to Willis Re clients. The integration of …
Willis Towers Watson, the global advisory, broking and solutions company, announced a group of senior leadership appointments within its Great Britain business. Ailsa King will lead the Client Organisation in Great Britain, which will embrace sales, account management, regional development, …
The competition for attractive assets will intensify in the next three years as the majority of insurers (82 percent) plan to acquire, while only one-third intend to divest, according to a survey of senior insurance executives conducted by Willis Towers …
Total non-life insurance linked securities (ILS) capital reached a record $70 billion at year-end 2015 – topping the previous record of $65 billion at year-end 2014, according to the latest ILS market update from Willis Capital Markets & Advisory, the …
Willis Towers Watson has appointed Alexander van Kuffeler as regional leader of Financial Institutions in Central & Eastern Europe, Middle East and Africa (CEEMEA). Based in London, van Kuffeler takes up the role with immediate effect. He will focus on …
Willis Towers Watson Public Limited Co. began operating today following the successful completion of the merger of Willis Group Holdings and Towers Watson. The company, which will do business as Willis Towers Watson, is a global advisory, broking, and solutions …
Willis Group Holdings plc, the global risk advisory, re/insurance broking, and human capital and benefits firm, announced the completion of its acquisition of Gras Savoye, the leading French insurance broker. On April 22, 2015, Willis Group announced it planned to …
