Commercial Insurance Prices Continued Up in Q2: Towers Watson
Commercial insurance prices rose by six percent in aggregate during the second quarter of 2013, marking the 10th consecutive quarter of price increases, according to the latest Commercial Lines...
View ArticleJLT to Acquire Towers Watson Reinsurance Brokerage Unit, Expand Into U.S.
UK-based broker Jardine Lloyd Thompson Group plc (JLT) said it is acquiring the reinsurance brokerage business of New York-based Towers Watson for $250 million. JLT said the acquisition would provide...
View ArticleP/C Insurers’ CFOs Point to Hardening Markets: Towers Watson Survey
Chief financial officers with leading North American property/casualty insurers believe both property and casualty insurance markets are in the midst of hardening, according to a new North American...
View ArticleCommercial Lines Price Gains Slowing Down: Towers Watson
Even though commercial insurance prices increased for the 11th straight quarter—rising by 5 percent in aggregate during third-quarter 2013—price gains are slowing down, according to Towers Watson....
View ArticleTowers Watson Releases Analytical Scoring Model for Auto Insurers
Towers Watson, a global professional services company, has launched DriveAbility 2.0 Score, a new analytical scoring model designed for the automobile insurance industry. DriveAbility 2.0 Score...
View ArticleCommercial Lines Price Hikes Slowing: Towers Watson
Commercial insurance prices have risen for 12 straight quarters, including the latest jump of 5 percent in aggregate during fourth-quarter 2013. But price gains are slowing down, according to Towers...
View ArticleAlternative Capital Softening P&C Reinsurance Market: Towers Watson CFO Survey
A new survey from Towers Watson confirms that “over half (55 percent) of property & casualty (P&C) insurance chief financial officers (CFOs) believe the property reinsurance market is softer...
View ArticleInsurance Executives See Jump in Acquisitions Ahead
After a slowdown following the 2008 financial crisis, the volume of insurance mergers and acquisitions should increase over the next one to three years, according to North American insurance...
View ArticleCommercial Lines Prices Up Only 4% in Q1: Towers Watson
Commercial insurance prices increased by 4 percent in aggregate during the first quarter of 2014, marking the lowest level of growth since fourth-quarter 2011, according to a new survey by Towers...
View ArticleThe Promise of Telemedicine to Pare Health Costs
Telemedicine could potentially deliver more than $6 billion a year in health care savings to U.S. companies, but only if the technology is widely-adopted. According to analysis by global professional...
View ArticleUsage-Based Insurance Overcoming Privacy Concerns, Gaining Traction
Consumers as well as commercial fleet managers are becoming more accepting of usage-based insurance (UBI) in which a telematics device is used to track driving behavior as safety and savings benefits...
View ArticleCommercial Price Increase Slowdown Carried Into Q2 with Few Exceptions
Commercial insurance prices continued to moderate in the 2014 second quarter. This time, they inched up 3 percent in aggregate, versus a 4 percent increase in the first three months of this year, a new...
View ArticleTowers Watson Predicts Moderate Global Growth, Downside Risks
Towers Watson says that overall global growth in the next three to five years will be moderate and divergent on a country basis, and risks to global growth are skewed to the downside in its report...
View ArticlePrices Start to Stabilize in UK Auto Market
Direct Line Insurance Group plc Chief Executive Officer Paul Geddes said the company had started to see prices stabilize in the U.K.’s competitive motor insurance market. Prices for its auto business...
View ArticleWillis CEO, Casserley, Opts Against Taking Severance Pay in Towers Watson Deal
Willis Group Holdings plc’s chief executive officer, who is taking a lesser role under the insurance broker’s planned merger with Towers Watson & Co., has opted against taking some compensation...
View ArticleMarsh & McLennan Seeks Ways to Cut Tax as Competitors Shift to London
Marsh & McLennan Cos., the largest insurance broker by market value, is seeking ways to cut tax obligations as rivals shift to Europe, where rates are lower. “The search for tax efficiency for us...
View ArticleTowers Watson & Cambridge to Provide Usage-Based Auto Insurance Market Info
Global professional services company Towers Watson and Cambridge Mobile Telematics (CMT), a telematics technology provider will use “advanced mobile sensing, data analytics and behavioral science,” in...
View ArticleTowers Watson Shareholders Plan to Vote Against Merger with Willis: Sources
Stakeholders who own millions of shares in Towers Watson & Co. are planning to vote against the firm’s $8.7 billion merger with Willis Group Holdings Plc if the terms of the transactions are not...
View ArticleTowers Watson Focused on Irish Tax Edge in $8.7 Billion Deal with Willis
Towers Watson & Co., the U.S. consulting firm that’s seeking shareholder approval to merge with insurance broker Willis Group Holdings Plc, is increasingly highlighting the tax benefits that would...
View ArticleWillis Reports Q3 Net Income of $117M, Compared to $7M Net Loss in Q3 2014
Willis Group reported net income of $117 million, or $0.64 per diluted share, during the third quarter ending Sept. 30, compared to a net loss of $7 million, or $(0.04) per diluted share, in the prior...
View ArticleTowers Watson Investors ‘Should Reject’ Merger with Willis: Advisers
Towers Watson & Co. investors should reject a planned merger with insurance broker Willis Group Holdings Plc, proxy advisers Institutional Shareholder Services and Glass Lewis & Co. said. The...
View ArticleWillis ‘Disappointed’ that Tower Watson Shareholders Advised to Reject Merger
Willis Group Holdings plc said it was “disappointed” that Institutional Shareholder Services last week recommended Tower Watson shareholders reject the proposed merger with Willis. “[W]e are...
View ArticleProxy Advisers Recommend Towers Watson Shareholders Vote for Willis Merger
Towers Watson & Co. has announced that proxy advisers Proxy Mosaic LLC and Egan-Jones Ratings Co. both recommended that Towers Watson stockholders vote for “the proposed merger of equals” with...
View ArticleISS Advice on Willis-Towers Deal ‘Encourages’ Short-Term Shareholder Activism
Institutional Shareholder Services’ recommendation that Towers Watson & Co. investors vote against the proposed merger with Willis Group Holdings Plc is legitimizing short-term shareholder...
View ArticleWillis Weighs Increasing Offer for Towers Watson, Amid Opposition to Deal
Willis Group Holdings is considering increasing its offer for Towers Watson & Co after failing to muster enough shareholder support for its $18 billion merger with the human resources consultancy,...
View ArticleTower Watson Sweetens Willis Merger Offer by Doubling Special Dividend to $10
Willis Group Holdings Plc, the third-largest insurance broker, agreed to better terms for Towers Watson & Co. shareholders in a proposed merger after the consulting firm’s investors said that a...
View ArticleTowers Watson Shareholders ‘Should Reject’ New Willis Deal, Says Proxy Adviser
Towers Watson & Co. shareholders should vote against an $8.9 billion merger with Willis Group Holdings Plc even after the insurance broker increased the offer amid a backlash from investors, proxy...
View ArticleWillis to Join S&P’s 500 Index on Jan. 4
Willis Group Holdings Plc, the insurance broker that’s planning a merger with consulting firm Towers Watson & Co., will join the Standard & Poor’s 500 Index and replace Fossil Group Inc. Willis...
View ArticleNewly Merged Willis Towers Watson Begins Operating
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...
View ArticleP/C Insurers’ Faith in Predictive Modeling Continues to Grow
Clarification: This article first ran a year ago, in February, 2015, on Carrier Management.com. It is not Willis Towers Watson’s most recent survey on insurers’ use of predictive modeling. For a report...
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