Willis Towers Watson announced the launch of CyNav, a new type of cyber insurance cover designed specifically for shipowners. The new product addresses the growing need for an explicit marine cyber solution, built from the ground up to specifically address …
Willis Towers Watson has formed a new unit serving companies facing bankruptcy or restructuring. The new unit, Strategic Solutions Group (SSG), is within its Financial, Executive and Professional Risks (FINEX) global practice and Mergers & Acquisitions Group. SSG will provide …
Overall funding for insurtech investments decreased by 54% during the first quarter as a result of the COVID-19 crisis, compared to a record high in Q1 last year, according to a report from Willis Towers Watson. Nevertheless, insurtech companies still …
If the novel COVID-19 pandemic is brought under control soon, the disease’s impact on the insurance industry as a whole may be pretty much a wash. It not, the industry may be on the verge of an historic catastrophe. A …
The Willis Research Network (WRN) has formed a new partnership with “Cloud to Street,” a global flood-mapping and monitoring platform that aims to help governments, humanitarian organizations and private sector actors increase resilience to catastrophic flooding. The partnership will leverage …
Willis Towers Watson is withdrawing its 2020 guidance due to the uncertainties caused by the COVID-19 pandemic. The broker said it will re-assess the guidance once it has a clearer understanding of the depth, duration, and geographic reach of the …
Willis Towers Watson has formed Financial Institutions Differentiated Broking Solutions (FI DBS), an expansion of the DBS program for general industry mid-market clients that launched in June 2019. DBS utilizes Willis Towers Watson’s technical expertise and market relationships with property/casualty …
Insurance broker Willis Towers Watson on Friday estimated general insurance losses between $32 billion and $80 billion across key classes in the United States and UK from the novel coronavirus, surpassing claims from the 9/11 attacks. A report by the …
Willis Towers Watson announced the appointment of Matt Scott as a senior director in its Climate and Resilience Hub. Scott played an integral role in the Bank of England’s climate team under Governor Mark Carney from 2014 and led delivery …
Willis Towers Watson is postponing its planned sale of its London wholesale broker subsidiary, Miller Insurance Services. “Given the current COVID-19 outbreak and associated uncertainty, we have paused our current efforts to explore strategic alternatives for Miller. WTW and Miller …
