Reinsurance News

Willis Re

Global reinsurance capital and ROE increased in H1: Willis Re

8th September 2021

Global reinsurers performed well in the first half of 2021, with a further expansion of their capital bases and strong headline underwriting results and Return On Equity’s (ROE), according to Willis Re. Underlying ROEs, while less strong, still showed an improvement, with total capital dedicated to the global reinsurance industry measuring ... Read the full article

Inflation could put a significant squeeze on a company’s profitability: Willis Re

25th August 2021

According to a report by re/insurance broker Willis Re, there's an increase in concerns as the insurance industry faces a rise in inflation. Rising inflation hasn’t been a significant issue since the 1980’s, however recent trends have significantly increased during the post pandemic economic recovery, however, it’s yet to be determined ... Read the full article

Favourable pricing boosts re/insurers in H1 2021: Willis Re

24th August 2021

Favourable pricing for commercial lines business, coupled with rate rises for reinsurance and retail insurance supported premium growth for insurers and reinsurers in the first half of 2021, as underwriting results improved significantly for some, reports broker Willis Re. A recent report by the reinsurance broking arm of Willis Towers Watson ... Read the full article

AJG able to balance & reinvigorate Willis Re’s employee & client bases: KBW

17th August 2021

According to reports from Keefe, Bruyette & Woods (KBW), Arthur J Gallagher (AJG) will be able to stabilise and reinvigorate Willis Re’s employee and client bases, whilst expanding its reinsurance product capabilities and global footprint. It was announced ... Read the full article

CEO Case says Aon has emerged stronger from failed WTW merger: report

16th August 2021

As global insurance and reinsurance broker Aon looks forward after its failed merger with rival Willis Towers Watson (WTW), Chief Executive Officer (CEO) Greg Case has told the Financial Times that the firm has emerged stronger. Aon and WTW decided to terminate their proposed $30 billion combination last month after ... Read the full article

Gallagher to acquire Willis Re’s treaty reinsurance operations

13th August 2021

Arthur J. Gallagher & Co. has announced that it will be acquiring all of Willis Re's treaty reinsurance brokerage operations for an initial gross consideration of $3.25 billion; a figure which could rise by another $750 million dependent on certain third-year revenue targets. After seeing its proposed acquisition of Willis ... Read the full article

WTW looking at strategic options for Willis Re, confirms CEO Haley

3rd August 2021

John Haley, the Chief Executive Officer (CEO) of global brokerage Willis Towers Watson (WTW), confirmed today that the company is conducting a review of strategic alternatives for its reinsurance arm, Willis Re. Back in May, it was announced that Gallagher had reached an agreement with Aon and WTW to acquire ... Read the full article

InsurTech investment reached record high in H1 2021: WTW

29th July 2021

Global investment in the InsurTech sector reached a record during H1 2021, as half-year funding of $7.4 billion exceeded full-year investment in 2020, and in every other year, according to a new report by insurance and reinsurance broker, Willis Towers Watson (WTW). In Q2 2021, 162 deals yielded more than $4.8 ... Read the full article

Gallagher confirms termination of deal to acquire certain WTW assets

27th July 2021

Arthur J. Gallagher & Co. has confirmed that its agreement to acquire certain assets of Willis Towers Watson (WTW) has been terminated owing to the collapse of the $30 billion combination of Aon and WTW. As Aon and WTW attempted to get their proposed merger over the line amid an array ... Read the full article

Discipline holding as market balance returns: Willis Re’s Vickers

7th July 2021

James Vickers, Chairman of Willis Re International, has said that “discipline is still there,” even as the latest edition of the broker’s 1st View Report shows that recent reinsurance price increases have brought the market close to equilibrium. Speaking in an interview with Reinsurance News, Vickers noted that the reinsurance market ... Read the full article

Reinsurance market approaching equilibrium: Willis Re 1st View

1st July 2021

Willis Re has reported that reinsurance rate increases continued for most major lines and territories during the June and July renewal period, although in many cases reinsurers had to accept firm order terms below their initial quotes. That indicates that the market is approaching equilibrium, the reinsurance broker says in its ... Read the full article

Reinsurance rate increases outstripped claims inflation through Q1: Willis Re

17th June 2021

Analysts at Willis Re have observed an improvement in underlying profitability among global re/insurers in the first quarter of 2021, as rate increases for both reinsurance and commercial insurance lines of business continued to outstrip claims inflation. Claims inflation has been flagged as one of the key challenges facing the re/insurance ... Read the full article

Willis Re hires Kassali as Regional Director for MENA

24th May 2021

Willis Re, the reinsurance broking division of Willis Towers Watson, has announced the appointment of Chems-Eddine Kassali as Regional Director for Middle East and North Africa (MENA). Kassali previously spent nearly 14 years at United Insurance Brokers Ltd, most recently as Associate Director. In his new role, he will be responsible for ... Read the full article

Re/insurance industry execs support sale of Willis Towers Watson assets: KBW

20th May 2021

Florida and Bermuda insurance and reinsurance industry executives recently expressed "widespread support" for the sale of Willis Re and certain other Willis Towers Watson (WTW) assets to Arthur J. Gallagher (Gallagher), according to analysts at KBW. It was announced last week that Gallagher had agreed a $3.57 billion deal to ... Read the full article

Gallagher’s Willis Re acquisition will expand UK, US and international footprint

13th May 2021

Following Arthur J. Gallagher's agreement to acquire the majority of reinsurance brokerage Willis Re, a Gallagher spokesperson has confirmed that the deal will significantly expand the company's footprint in the UK and the US, and provide it with scale operations in certain key markets. It was announced yesterday that Aon ... Read the full article

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