WTW News

People Moves: WTW Hires Bryce From Magnes for Personal Lines, Canada; Markel Taps PwC’s Feng as Warranty & Indemnity U/W; RSA Names Godfrey as Transformation Dir.

This edition of International People Moves details appointments at WTW, Markel and RSA Insurance. A summary of these new hires follows here. WTW Hires Bryce for Personal Lines, Canada Insurance broker WTW announced the appointment of Allison Bryce as the …

WTW Q2 Net Income Down 16%

Second-quarter net income at broker WTW was down 16%, compared to the same period a year ago, to $96 million. Revenue at WTW was up 6% to $2.16 billion, with organic growth up 7%. WTW Chief Executive Office Carl Hess …

People Moves: Arch Re Appoints Former PartnerRe CUO Schriber as President; WTW Taps Marsh’s Clarke as President, Risk & Broking, Garrard Named Unit’s Chairman

This edition of International People Moves details appointments at Arch Reinsurance Co. and Willis Towers Watson (WTW). A summary of these new hires follows here. Arch Re Co. Appoints Former PartnerRe CUO Schriber as President Arch Reinsurance Co. announced that …

People Moves: Arch Promotes Blois to Underwriting Mgr, Hires 3 PI U/Ws; Canopius Names CFC’s Gayle as Cyber U/W; WTW Taps Sales From Aon for Large Client GB Team

This edition of International People Moves details appointments at Arch Insurance, Canopius, and Willis Towers Watson (WTW). A summary of these new hires follows here. Arch Promotes Blois to U/W Manager, Hires 3 PI Underwriters Arch Insurance’s UK Regional Division …

People Moves: WTW Names Mascaro Hospitality Leader; Leach SVP, Founder of K2 Financial US Ops; MEMIC Hires Underwriters

WTW announced the appointment of Juan Mascaro as hospitality segment leader, a part of the Real Estate, Hospitality, and Leisure Division within Corporate Risk and Broking (CRB), North America. Mascaro has more than two decades of insurance industry experience in …

Markets/Coverages: WTW Launches Property Rebuild Assessment Service, Powered by Kroll Valuation Platform

Insurance broker WTW has launched a new Property Rebuild Assessment Service, powered by Kroll’s Property Insurance Valuation Platform, to provide its clients with an accurate rebuild valuations report and advice. WTW will provide property rebuild adequacy assessments and online valuations, …

Property Leads Q1 Commercial Insurance Price Increases: WTW CLIPS

Commercial property insurance, with double-digit first quarter price increases, led other lines of businesses tracked by WTW’s Commercial Lines Pricing Survey (CLIPS). CLIPS found the aggregate price change for U.S. commercial insurance was up 5.6% for the first three months …

Markets/Coverages: Sapiens to Integrate OpenAI for Insurers; WTW’s New Product for Intangible Assets; 2 New Construction Programs at Procore

Sapiens International Corporation, a global provider of software solutions for the insurance industry, announced an agreement to integrate Microsoft Azure OpenAI Service to harness the most advanced generative AI models and tools for the insurance industry. Sapiens will integrate Microsoft …

Lloyd’s Cyber War Exclusions: Confusing, Disruptive, but Necessary?

The rollout of the Lloyd’s cyber war exclusions has received considerable criticism for the chaos and confusion caused in the weeks leading up to the March 31st effective date. But there are some certainties to keep in mind about the …

What to Expect: WTW Spring Commercial Insurance Forecasts Mixed

In striking contrast to last year’s double-digit rate hikes for public directors and officers liability insurance and 100-200% jumps for cyber coverage, some buyers renewing those coverages this spring won’t see their insurance bills increase at all. And many will …