Total capital dedicated to the global reinsurance industry measured US$605 billion at year-end 2019, reflecting robust 15% year-on-year growth. This was primarily driven by 2019’s strong investment market performance and was achieved despite a 3% contraction in alternative capital, according to the latest Reinsurance Market Report from Willis Re, the reinsurance business of leading global… Continue reading Global Reinsurers Grew Capital Robustly in 2019, Although Underlying Returns Remain Low: Willis Re
Tag: Willis Re
A Measured Approach to April 1 Renewals: Willis Re
Reinsurers took a measured approach to the April renewals, which saw significant rate increases on loss-affected accounts and more modest rises on loss-free business. The global reinsurance sector smoothly moved to the new working-from-home model following the COVID-19 outbreak and was able to provide uninterrupted service, according to the latest 1st View renewals report from… Continue reading A Measured Approach to April 1 Renewals: Willis Re
Reinsurance Capacity Down at Political Risk Renewals: Willis Re
A decline in reinsurance capacity has helped to trigger price hardening in some quarters of the political risk and trade credit market at the January renewals, according Willis Re. The broker noted that, while there remains an abundance of headline insurance capacity in the political risk space, actual capacity is down due to a number… Continue reading Reinsurance Capacity Down at Political Risk Renewals: Willis Re
Willis Re Reports on Insured Losses and Economic Impact Due to Natural Disasters
Willis Re’s insured loss estimates from major natural catastrophes in 2018 of about USD 69.5 billion are one of the highest since the 2011 annual market losses of USD 120 billion. This report from Willis Re summarizes economic and insured losses from the most relevant natural catastrophe events that occurred during 2018. The loss values… Continue reading Willis Re Reports on Insured Losses and Economic Impact Due to Natural Disasters
Total Reinsurance Capital at H1 2019 Increases 8% Driven by Strong Investment Markets: Willis Re
Total capital dedicated to the global reinsurance industry measured USD 559 billion at the half-year point of 2019. This is an 8% increase from a re-stated USD 518 billion at year-end 20181, with strong investment markets being the main driver of the industry’s capital growth. These are findings from the latest Reinsurance Market Report from… Continue reading Total Reinsurance Capital at H1 2019 Increases 8% Driven by Strong Investment Markets: Willis Re
Willis Re Delivers U.S. Wildfire Risk Underwriting Insight to Clients
Willis Re, the reinsurance division of Willis Towers Watson, a leading global advisory, broking and solutions company, has deployed a wildfire risk solution that can be used throughout the U.S. to assess location level wildfire risk, and how the risk correlates to the company’s portfolio level wildfire exposure. The new solution supports Willis Re clients… Continue reading Willis Re Delivers U.S. Wildfire Risk Underwriting Insight to Clients
Reinsurers More Discerning at Mid-Year Renewals: Willis Re 1st View
Strengthening primary insurance market conditions underpinned improvements to reinsurance prices, terms and conditions at the June 1, and July 1, 2019, renewals according to the latest 1st View renewals report from Willis Re, the reinsurance division of Willis Towers Watson, a leading global advisory, broking and solutions company. Almost all buyers were able to secure… Continue reading Reinsurers More Discerning at Mid-Year Renewals: Willis Re 1st View
Willis Re Finds Total Reinsurance Dedicated Capital Down 5% at Year-End 2018
Total capital dedicated to the global reinsurance industry measured USD 462 billion at year-end 2018. The largest component of this figure is the total shareholders’ equity of the 32 reinsurance companies tracked in the Willis Reinsurance Index1 which was down 10% to USD 335.7 billion, reversing growth of 8% in 2017. The second largest component… Continue reading Willis Re Finds Total Reinsurance Dedicated Capital Down 5% at Year-End 2018
Rational 1.4 Pricing Highlights Reinsurance Market’s Stability and Maturity: Willis Re 1st View
Reinsurers have adopted a rational rating approach at the 1 April 2019 renewal with price increases of up to 25% targeted towards loss-affected contracts and programs. These rate increases were balanced by flat renewals for loss-free classes and programs, according to the latest 1st View renewals report from Willis Re, the reinsurance division of Willis… Continue reading Rational 1.4 Pricing Highlights Reinsurance Market’s Stability and Maturity: Willis Re 1st View
Willis Re Appoints Steve Robson as Head of London Market Reinsurance Claims
Claims veteran Steve Robson has joined Willis Re as head of London Market Reinsurance Claims, effective today. He brings extensive client-side experience and perspectives, and supports the closer alignment of the servicing and placement teams of Willis Re, the reinsurance division of Willis Towers Watson, a leading global advisory, broking and solutions company. During his… Continue reading Willis Re Appoints Steve Robson as Head of London Market Reinsurance Claims