Willis Towers Watson
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Storm Ciarán incurred insured losses of EUR1.9bn, according to WTW’s natural catastrophe report for July to December.
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Based in Chicago, Lubbers joins WTW after some two years at ServiceNow, where he was global client director.
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WTW is quietly sounding out market executives for a potential relaunch into reinsurance once its two-year non-compete agreement with Gallagher Re ends in December, this publication can reveal.
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The intermediary’s latest study shows double-digit rate increases in commercial property and auto lines.
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Announcements and interviews at the UN conference have shed light on the tools emerging to help carriers decarbonise their underwriting portfolios.
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The product will provide $100mn in cover across eight countries at high risk of tropical cyclones.
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The broker said there was still a “big unknown” around the potential global economic impact of the conflict.
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Singh had managed Lloyd’s catastrophe risk appetite prior to joining MS Amlin.
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The new coverage marks the first time that sovereign debt repayments have been protected by a parametric catastrophe clause.
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The deal was struck in the wake of the collapse of Aon and Willis Towers Watson’s merger.
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Increasing cat costs will drive the focus on modelling and price adequacy, the intermediary said.
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The watchdog had been due to announce a decision on a further inquiry by 29 November.
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