Willis News

Acrometis, Willis Partner to Reduce Workers’ Comp Claim Duration and Costs

Acrometis, the industry leader in workers’ compensation claims processing platforms, and Willis, a global risk advisory, re/insurance broking, and human capital and benefits firm, have partnered to launch Willis’ Advanced Technology Strategic Risk Planning (SRP) process. More advanced and comprehensive …

P/C Insurance Buyers Facing Improved Market Conditions

Commercial insurance buyers face improved market conditions in 2014, due in part to declining rates in the property insurance line and an easing of recent upward pressure on rates in many other lines of insurance coverage, according to Willis, a …

AGI and Willis Partner to Provide Claim Closure Service

Alan Gray, Inc. (AGI), the recognized industry leader in the international Insurance and Financial Services industry, is pleased to announce a strategic partnership with Willis North America, the global risk advisor and insurance broker, to provide the insurance market with …

Most Challenging Protection and Indemnity (P&I) Renewal in a Decade: Willis

The upcoming Protection and Indemnity (P&I) renewal is poised to be the most challenging in a decade as a result of difficult economic conditions for ship operators, poor underwriting results and some of the largest claims in history, according to …

Sandy Impact Likely to be Muted: Willis ILS Report

Superstorm Sandy‘s impact the catastrophe bond market is likely to be muted based on current estimates, with little impact on new pricing, according to Willis Capital Markets & Advisory (WCMA). The scope and scale of the storm makes it unlikely …

Willis Launches Directors’ All Risks Cover in Asia-Pacific Region

Willis Group Holdings, the global insurance broker, has launched its unique directors’ all risks cover (DARCstar) in Australia, Hong Kong and Singapore. DARCstar policies have already been written for a number of global companies. The policy has been launched in …

Sandy Likely to Trigger A Significant Volume of Commercial Property Claims: Willis

Hurricane Sandy, a storm that forecasters say is on a scale with little precedent on the East Coast, is likely to trigger a significant volume of commercial property claims, according to Willis, a global insurance broker. “Given the size of …

Willis Reports Catastrophe Reinsurance Market Nears Strategic Shift

The catastrophe reinsurance market may be on the cusp of a strategic shift, with third party capital providers set to take on increasing amounts of peak catastrophe risk in the future, according to Willis Capital Markets & Advisory (WCMA), part …

Willis’ Report Finds Airline Industry Losses Hit 5-Year Low

The airline industry had a ‘relatively turbulent free start to the third quarter, with losses hitting a five-year low of $794 million,’ according to the latest report from the Aerospace division of Willis Group Holdings. The company’s monthly Airline Insurance …