By Derrick Easton MD, Alternative Risk Transfer Team Leader, Americas Region, Willis Towers Watson. Extreme weather events strain and test electric grids, gas pipelines and other energy infrastructure and highlight vulnerabilities. They test developed and developing nations alike especially in places that have not invested enough in upgrading and hardening infrastructure. Natural disasters worldwide []
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A judge set Nov. 18 to start a trial on the legality of the merger between Aon plc and Willis Towers Watson plc. But, the date is beyond a merger deadline. Judge Reggie B
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SimpleNews WTW and Clyde & Co reveal top D&O concerns in pandemic era As the economy grapples with the forced change in working practices caused by COVID-19, cyber-attacks and data loss remain the top risks facing directors & officers (D&Os), according to a global survey from Willis Towers Watson and international law firm Clyde & Co. The survey, which covered the UK, Europe, Asia-Pacific, and the US, found [] The post WTW and Clyde & Co reveal top D&O concerns in pandemic era appeared first on SimpleNews .
Summary List Placement Karl Sternberg is in the fortunate position of having 30 years of experience behind him to inform his thinking when he considers the outlook for inflation and its impact on the markets. "Remember, there''s a whole generation of investors, the people looking after class money today, have never lived in anything apart from what''s been called the ''Great Moderation'' [where] inflation came down and policies were pretty predictable," said Sternberg on a podcast this week. Sternberg currently advises on the investment committee for the £580 million ($800 million) endowment for Christ Church College at Oxford University. He also founded an institutional asset manager , which was bought by Willis Towers Watson, and holds a number of executive and non-executive roles at investment houses, such as chairman of Baillie Gifford''s Monks Investment Trust . Sternberg sat down with Mary McDougall of Investors Chronicle on July 15 to discuss his outlook for inflation based on his years of experience on a podcast.
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Property/casualty insurers plan to accelerate their use of automation, a new Willis Towers Watson survey found. Whats more, COVID-19 has been a major factor in the trend. The sectors overall aspirational score (toward wanting more automation) was nearly 45%. Translated,
U.K.-based insurance broker Aon PLC is trying to appease the New Zealand Commerce Commission to approve its acquisition of Willis Towers Watson PLC by proposing a revised divestment package to allay competition concerns.
ARLINGTON, Va., July 13, 2021 (GLOBE NEWSWIRE) -- Global life and property and casualty (P&C) insurers want to improve the efficiency and auditability of their processes and close the gap between their current use of automation and where they aspire to be in five years. These key learnings stem from leading global advisory, broking and solutions company Willis Towers Watsons (NASDAQ: WLTW) Actuarial Reporting Automation Survey. The survey queried life and P&C insurers on how they use automation today in their valuation (life) and reserving (P&C) processes and where they aspire to use it in the future.
ARLINGTON, Va. and LONDON, July 12, 2021 (GLOBE NEWSWIRE) -- Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, will announce its financial results for the second quarter on Tuesday, August 3, 2021 before the market opens.
By Foo Yun Chee and Alwyn Scott BRUSSELS/NEW YORK (Reuters) -EU antitrust regulators on Friday cleared with conditions Aon''s $30 billion bid for Willis Towers Watson after it agreed to divest key
AllianzGI; AXA IM; Allianz X; Dai-ichi Life; M&G; Barings; NN Investment Partners; Amundi; Franklin Templeton; Willis Towers Watson
The EU, under the EU Merger Regulation, the acquisition of Willis Towers Watson (WTW) by Aon. The approval is conditional on full compliance with a substantial set of commitments offered by Aon, including the divestment of central parts of WTWs business to the international brokerage company Arthur J. Gallagher. The commitments will strengthen Gallagher in [] The post EU approves huge insurance company merger appeared first on Euro Weekly News Spain .
The ongoing merger between re/insurance broking giants Aon and Willis Towers Watson has cleared a significant hurdle today with breaking news of the deals approval by the European Commission. The approval is described as conditional on full compliance with a substantial set of commitments offered by Aon, including the divestment of central parts of WTWs [] The post Aon / WTW merger cleared by European Commission appeared first on ReinsuranceNe.ws .
(RTTNews) - Aon plc (AON) and Willis Towers Watson (WLTW) confirmed that the European Commission conditionally approved the proposed combination of the companies. The approval satisfies a significant condition for the completion of the proposed merger. Last month, the U.S. Department of Justice filed a civil antitrust lawsuit in the U.S.
Summary List Placement "The short work week, once a fad, has become a way of life," the New York Times reported not in 2021, but in 1971. Search The Times archives and you''ll find thousands of such articles, going back decades, on the imminent value of the four-day workweek. Opening sentences proclaim , "The trend toward a four day week is accelerating." Headlines tout , "A 4-Day Week Is Long Overdue." Some five decades later, the four-day workweek remains what it supposedly used to be: a fad. With the exception of round-the-clock service jobs, such as manufacturing or nursing, and a handful of daring startups, a shortened week remains a tantalizing thought experiment for most of the American workforce. (However, it does seem to be working well in Iceland.) At the marketing company Scroll, CEO Shane Hickenlooper says the 15-person firm has already reported improvements to mental health and profitability since it began trialing a four-day week in May. And the crowdfunding site Kickstarter will reportedly move to a four-day week in 2022 for its 90 employees, in part as a call to larger companies to take the idea more seriously.
Airline industry being transformed by new startups creating new risk profiles and capital requirements
Aon and Willis Towers Watson have been given a November date for the start of their antitrust trial against the US Department of Justice, which has objected to the proposed merger.
Lockton Re, the global reinsurance broking arm of Lockton, has announced that later this year, Kazimierz Layton will be joining its Specialty Division. For more than 15 years, Layton has been working in the Political Risk and Credit Insurance broking sector. Most recently, he served as an Executive Director at insurance broker Willis Towers Watson [] The post Lockton Re adds WTWs Kazimierz Layton to Specialty unit appeared first on ReinsuranceNe.ws .
A federal judge has told global brokers Aon and Willis Towers Watson (WTW) that their trial versus the Antitrust Division of the U.S. Department of Justice (DoJ) is unable to commence before November and could be delayed further owing to a backlog of cases. After the DoJ proposed a trial date of February 28th, 2022, [] The post Aon / WTW US antitrust trial to begin in November, possibly later appeared first on ReinsuranceNe.ws .
Aon will have to wait until November at the earliest to argue the case for its $30bn merger with Aon in a Federal Court in the District of Colombia over the fate of its merger with Willis Towers Watson.
The New Zealand Commerce Commission again postponed a decision on whether it will approve the pending $30 billion acquisition of Willis Towers Watson by Aon plc. The commission
Alliance Trust plc, the £3 billion Dundee investment trust company which uses external fund managers Willis Towers Watson (WTW), said on Tuesday that the final hearing
Summary List Placement If you felt like you couldn''t take time off from work before 2020, chances are the pandemic didn''t help. According to a new Priceline survey , only 21% of people used all their available vacation days last year, down from the already paltry 30% in 2019. What''s worse, far more people regretted not taking that time in 2020 than those polled in 2019: 54% compared to 21%. People choosing not to take all their vacation time isn''t worrisome in its own right. But if more people are regretting not taking their time, it suggests something may be afoot in the way vacation policies are designed and communicated to employees. And with rising burnout rates , blurred boundaries between the personal and professional , and calls for greater flexibility , some workplace benefits consultants say we''re overdue for a PTO revolution. "It''s about time," said Christopher Goldsmith, VP and Senior Consultant at the HR benefits consulting firm Segal, "for many companies to revisit the design of paid time off arrangements." Given that workers and job seekers have considerable power in deciding where they work , these experts say, employers can''t afford to slack when it comes to benefits.
Global insurance and reinsurance brokers, Aon and Willis Towers Watson (WTW), have emphasised the pressing need for the earliest possible trial date for their pending case against the Antitrust Division of the U.S. Department of Justice (DoJ), which seeks to block their $30 billion combination. After a filing an antitrust civil lawsuit in mid-June as [] The post Aon & Willis Towers Watson call for earliest possible trial date appeared first on ReinsuranceNe.ws .
41 new signatories include Amundi, HSBC Asset Management and Willis Towers Watson
Canadas competition regulator is reviewing the proposed merger of global brokerages Aon plc and Willis Towers Watson plc, but the federal government is not saying whether it has actually received any complaints. The US$30-billion deal, originally announced in March 2020, The post Aon-Willis deal under review by Competition Bureau appeared first on Canadian Underwriter .
New Zealands Commerce Commission has delayed its final decision on the proposed combination of Aon and Willis Towers Watson for the fourth time, now set for 20 August.
Willis Towers Watson-owned master trust said vast majority of its £10bn managed assets will be covered by net zero goal LifeSight is aiming to halve emissions within its default pension funds by 2030, on its pathway to achieving net zero by the middle of the century. The defined contribution (DC) master trust, run by risk management and insurance broker giant Willis Towers Watson, said it would also launch a climate-focused fund next month following member feedback which demonstrated "clear demand" for a greener approach. The multi-employer scheme said the "vast majority" of its £10bn-plus assets under management would be covered by the net zero pledge, with the ambition supported by the fund''s low-carbon, exclusionary approach. It said the fund would "emphasise investment" in companies with lower-carbon footprint, those transitioning their emissions to a Paris Agreement-aligned strategy, and those providing climate and environmental solutions, including on issues such as waste, pollution, water use, and biodiversity.
The proliferation of grand gestures of sustainability, such as net zero commitments, means manager due diligence is even more important and more intensive, according to global head of research at Willis Towers Watson, Luba Nikulina. The post Net zero commitments make greenwashing more prolific appeared first on Top1000Funds.com .
As the New Zealand (NZ) Commerce Commission continues to investigate the proposed $30 billion combination of Aon and Willis Towers Watson (WTW), it has again extended the data its decision on the merger is due by to August 20th, 2021. The is the second time that New Zealands Commerce Commission has extended its deadline after [] The post New Zealand again extends Aon / WTW merger decision date appeared first on ReinsuranceNe.ws .
SimpleNews Aon confirms chief operating officer appointment Aon Plc which continues to face regulatory hurdles in its swoop for fellow broking giant Willis Towers Watson (WTW) has confirmed the appointment of James Platt as chief operating officer. Back in January, Aon named its new executive committee members who were going to assume their respective positions upon completion of the mega [] The post Aon confirms chief operating officer appointment appeared first on SimpleNews .
The Competition Commission of South Africa has requested U.K.-based insurance brokers Aon PLC and Willis Towers Watson PLC to remediate competition concerns in South African insurance and reinsurance sector arising from their proposed merger.
The U.S. Justice Department''s proposed 2022 trial date to decide the legality of the merger between Aon plc and Willis Towers Watson plc is untenable and likely could lead to
After a string of high-profile wins, Piiq Risk Partners has suffered its first account loss with Belgian aerospace manufacturer Sabca indicating it will move to Willis Towers Watson, Insurance Insider understands.
The Competition and Consumer Commission of Singapore has decided to review the merger of U.K.-based insurance brokers Aon PLC and Willis Towers Watson PLC more deeply after it identified some areas in which the merged entity would have und.e advantage over competitors/
Aon and Willis Towers Watson announced their intended merger this spring. The U.S. Department of Justice took note. The post Aon and Willis Towers Watson Merger Faces Civil Suit from Department of Justice appeared first on Risk & Insurance .
Lawyers of global re/insurance brokers Aon and Willis Towers Watson (WTW) have described the US Department of Justices (DoJ) proposal that its trial seeking to block their merger not commence until February of next year as untenable. In an effort to stop the creation of what it calls a broking behemoth, the DoJ filed a [] The post DoJs Feb 2022 trial date untenable and prolongs uncertainty, says Aon/WTW appeared first on ReinsuranceNe.ws .
Challenging groupthink: Willis Towers Watson says most active managers over-diversify to reduce investment risk Submitted By Madeleine Taylor | 29/06/2021 - 5:08pm Knowing more about less: this is how Willis Towers Watson describes the process of researching fund managers. There are 18,000 asset managers. There are more asset managers than there are stocks in indices, says Chris Redmond, head of manager research at Willis Towers Watson. We cannot possibly devote our time to every one of them. The London-based investment consultancy spends a gruelling 150 hours investigating each new manager, on average. Willis Towers Watson is one of the big three investment consultancies, alongside Mercer and Aon Hewitt. Together, they are the gatekeepers to major institutional capital, advising pension schemes, insurance companies, and sovereign wealth funds on where to invest their money. Willis Towers Watson currently manages USD170 billion of delegated assets, and its advisory asset base extends to over USD2 trillion.
The Competition Commission of South Africa (CCSA) has required that brokers Aon and Willis Towers Watson (WTW) make a number of significant divestments to remedy competition concerns before their pending merger can be approved in the country. The regulator has asked that the brokers divest WTWs entire global reinsurance broking business units dedicated to treaty [] The post South Africa asks for further divestments in Aon / WTW remedy package appeared first on ReinsuranceNe.ws .
South African regulators have recommended to approve the proposed merger of Aon and Willis Towers Watson, provided the merging parties divest of the short-term insurance broking business in South Africa.
New features include IFRS 17 reporting capabilities
Willis Towers Watson has become the first broker to integrate Brits automated follow-only syndicate Ki onto its trading platform.
After completing its initial review of the proposed combination of re/insurance brokers Aon and Willis Towers Watson (WTW), the Competition and Consumer Commission of Singapore (CCCS) has identified executive compensation and related consulting services as areas for further review. After receiving a notification from Aon for a decision on the proposed merger, the CCCS commenced [] The post Aon / WTW merger needs further review, says Singapore appeared first on ReinsuranceNe.ws .
La empresa de consultoría global Willis Towers Watson considera que algunas de las medidas acordadas de la primera fase de la reforma de pensiones contienen serias ineficiencias, muy especialmente por lo que se refiera al retraso de la edad de jubilación. Así se desprende del Observatorio de Pensiones de Willins Towers Watson publicado este lunes [] La entrada El pacto de pensiones no incentiva lo suficiente el retraso de edad de jubilación se publicó primero en Qué! .
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MADRID, 28 (EUROPA PRESS) La empresa de consultoría global Willis Towers Watson considera que algunas de las medidas acordadas de la primera fase de la reforma de pensiones contienen "serias ineficiencias", muy especialmente por lo que se
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An innovative risk financing project devised by Willis Towers Watson is set to launch in Fiji and Papua New Guinea aimed at reducing the impact of climate change on coastal communities. Global broking and business advisory Willis Towers Watson (WTW) has launched the project to support coastal communities in Papua New Guinea and Fiji vulnerable to the effects of climate change.
In episode 97, Alex Proimos speaks with Nick Kelly, head of manager research, at Willis Towers Watson. The post The evolution of manager research, alignment of interests and identifying the secret sauce | Nick Kelly appeared first on Investment Magazine .
A tech company is announcing a new health app Thursday that it says will help employers bring their employees back to the office safely by verifying their COVID-19 vaccination status. Why it matters: The app, or others like it, could be a sign of how employers can enforce vaccination requirements without relying on the honor system or hand-checking CDC vaccine cards. The big picture: Most employers aren''t requiring or planning to require employees to be vaccinated against the coronavirus before entering the workplace, per a recent survey by insurance company Willis Towers Watson. But among the 28% of respondents that said they are or are considering some kind of vaccine requirement, more than half will require proof. In addition, some businesses are trying other approaches that make their preferences clear, like giving vaccinated employees certain workplace privileges that fall short of mandates, per the WSJ . How it works: The new app is being offered by Proxy, a company that sells identity technologies.