News

Insurance

IFRS 17 dubbed 'biggest shake up of insurance reporting' and 'major challenge' for the sector

The introduction of IFRS 17, the new international accounting standard for insurance contracts, is the biggest shake up of insurance reporting for decades as it will impact profit, equity and volatility, as well as reserving and financial reporting processes, according to industry experts.   18 May 2017

Insurance

CLS Risk hires ex-JLT as strategic development director

The executive has also worked at Willis Towers Watson, Chubb and was COO of Ensurance.   6 July 2020

Insurance

Howden US poaching cases: everything you need to know so far

Five unhappy rivals have pursued Howden through the courts after being raided for staff.   30 January 2026

Insurance

Flawed Solvency II risk margins must be reviewed

Significant flaws exist in in the formula used to calculate the risk margin under Solvency II and a fundamental review of its methodology and calibration is required, Willis Towers Watson has claimed in a response to a European Insurance and Occupational Pensions Authority (EIOPA) Discussion Paper on the upcoming review of Solvency II.   16 March 2017

Insurance

US tax reform to lift P&C insurance earnings 14%: Morgan Stanley

The proposed House bill calls for 20 percent corporate tax rate, which could lift earnings of US property/casualty (P&C companies) by around 14 percent on average, according to Morgan Stanley analysts.   6 November 2017

Insurance

New reinsurance broker led by industry vet launches amid hard market

The new ‘organic’ brokerage is set up by ex-Gallagher/Aon/WTW in Bermuda.   8 March 2023

Insurance

Lloyd's broker Oneglobal continues international expansion in Singapore

Its new business will be led by Asian broking leaders David Lum and ex-Willis Towers Watson Sirikit Oh.   10 November 2020

Alternative Risk Transfer

ILS market grew by $5bn in 2016, with Q4 surge

The insurance-linked securities (ILS) market grew to $75 billion in 2016, up from $70 billion in the previous year, according to the latest ILS market update from Willis Capital Markets and Advisory.   26 January 2017

Insurance

Fairfax rejigs hold on Greek-Cypriot units jointly-held with Eurobank

The deal puts more P&C operations closer to Fairfax, shuffles L&H to local partner.   14 October 2025

Insurance

Boeing 737 Max software fix confirmed as Munich Re assesses exposure

As US aircraft manufacturer Boeing announced software upgrades to its 737 Max planes, it remained unclear how far this fix could mitigate the potential losses for the global insurance industry.   28 March 2019

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