Willis Towers Watson halts sale plans for insurance broker Miller

LONDON, April 3 (Reuters) – Willis Towers Watson (WTW) WLTW.O has halted plans for a possible sale of its Miller insurance broker, citing uncertainty surrounding the COVID-19 pandemic. WTW last month said it was being bought by rival Aon AON.N for nearly $30...

IRL Preview – April 2020

Subscribe to the IRL / Insurance Research Letter here. Each issue has articles written by experts that you won’t read anywhere else. Stay current with major developments with our Global Briefs; monthly Synopsis of insurer and broker news; and the popular BackPage with...

COVID-19 Information Resources

COVID-19 Information Resources As the world battles this new coronavirus (COVID-19), there is so much ‘news’ it’s difficult to sift through. In a social media world and in a state of heightened anxiety, it is very easy for rumors, partial truths, or even outright...

Lloyd’s Underwriting Room Closed

Lloyd’s remains open for business and ready to support our customers globally Read Lloyd’s latest news about the COVID-19 outbreak here IMPORTANT NOTICE: The Lloyd’s Underwriting Room in London will be closed with effect from 16:00GMT 19 March in line with...

IRL Preview – March 2020

Highlights Evolution, Growth and Challenges of Cyber Threats in South America Learn what the main causes of cyber incidences are, which industries are most vulnerable and the best approach to managing cyber risks on page 12 The Insurance Fraud Hall of Shame (podcast...

IRL Preview – February 2020

Brexit is finally a reality
Since the IRL began covering the UK’s exit from the European Union nearly four years ago, we can now sigh a breath of relief, or can we? It might be done so to speak but it isn’t really finished. According to A.M. Best, from an operational point of view, the United Kingdom’s departure from the European Union on January 31, 2020 will have little immediate impact on insurers in the U.K. and EU that it rates. However, it adds that trade negotiations and regulatory decisions will dictate the longer-term impact of Brexit on insurers.

All set for Brexit and a journey into the unknown

All set for Brexit and a journey into the unknown By David Worsfold, Worsfold Media Services Ltd The sweeping victory for Boris Johnson’s Conservatives in the UK’s General Election last month has moved the fractious, divisive and seemingly endless debate about Brexit...

Brexit via the Backdoor

Following the demise of England’s worst prime minister in July 2019, the country was confronted with a problem: Parliament had become more powerful than the Government. The Conservatives, with a minority in the House of Commons, had to rely on a reluctant Northern Irish Democratic Unionist Party for support. Who would, or rather, could, lead the government out of the Brexit mess?

IRL Preview – December 2019

Highlights, December 2019 Three Key Insurance Trends that will Shape the Future of the South American Insurance Market Disruption through new technologies is a key driver of change in the insurance industry and this in leading to better risk identification and...

Hold Brexit, We Need an Election

Hold Brexit, We Need an Election By David Worsfold It was inevitable. Changing Prime Minister from Theresa May to Boris Johnson did absolutely nothing to alter the simple fact that Parliament has been deadlocked over Brexit ever since May came back from Brussels with...

IRL Preview – November 2019

Insurance Research Letter publishes this monthly newsletter – news, analysis and commentary by insurance experts from many fields

IRL Preview – October 2019

Highlights – October 2019 Managing Earthquake Risk in Peru An overview of three challenges facing Risk Managers Earthquakes in Peru are frequent events, because the country is in a highly seismic region placed over the Nazca plate within the so called South America...

IRL Preview – September 2019

September Highlights Three Key Challenges for Insurance brokers in the Andean Region: Peruvian Perspective Learn of the challenges that might keep decision-makers in Peru from accomplishing this mission, because in insurance, as in life, there are good choices and...

IRL Preview – August 2019

Understanding Blockchain, Part 2

In part one of this article, published in the June 2019 issue of the Insurance Research Letter, we provided an overview of how blockchain technology works and how smart contracts are employed to make this technology relevant in this modern economy. Here in part two, we discuss the broader and more global risks of the technology as a whole, and by way of example, the risks as they may present themselves for more specific lines of business. We also present issues to consider as it pertains to the restriction or refinement of policy terms and conditions.