Reinsurance News
Willis Re
Willis Re is a global reinsurance broker launched as a joint-venture between private equity firm Bain Capital (BCIS) and WTW. The company aims to serve its client-base with reinsurance risk transfer solutions backed by industry expertise, advanced analytics, and a global network.
Dedicated reinsurance capital up 8% to $559bn in H1 2019: Willis Re
4th September 2019
Global reinsurance broker Willis Re, the reinsurance arm of brokerage Willis Towers Watson, has reported that total, dedicated reinsurance capital increased by 8% in the first-half of 2019 to $559 billion, compared with $518 billion at the end of 2018. According to the reinsurance broker's latest Reinsurance Market Report, the largest ... Read the full article
Re/insurers’ silent cyber concerns ease in 2019, finds Willis Re survey
29th August 2019
The re/insurance sector is considerably less concerned about silent cyber exposures than it was in 2018, according to an annual global survey by Willis Re, the reinsurance division of broker Willis Towers Watson. Analysts believe that the fall in silent cyber claims expectations could stem from the absence of wide-scale cyber ... Read the full article
New InsurTech investments hit $1.4 billion in Q2: Willis Towers Watson
25th July 2019
Total new InsurTech funding commitments exceeded $1.2 billion for the fourth consecutive quarter in Q2 2019, as 69 deals with a total value of $1.41 billion were announced in the period, according to insurance and reinsurance broker, Willis Towers Watson (WTW). The broker's latest quarterly InsurTech report highlights a buoyant investment ... Read the full article
Willis Re deploys updated US wildfire risk solution
9th July 2019
Willis Re, the reinsurance division of global brokerage Willis Towers Watson, has announced the deployment of an updated US wildfire risk solution. The solution, launched in partnership with geospatial data enrichment and analytics firm SpatialKey, supports Willis Re clients in writing and pricing wildfire risk. Willis Re has cited the recent California ... Read the full article
Reinsurers see “tangible pricing momentum” at July renewals: Willis Re
1st July 2019
After a hesitant start to the year, reinsurers have experienced “tangible pricing momentum" at the mid-year renewals, according to Willis Re, although improvements are falling short of those seen in the primary markets. The broker’s 1st View report observed reinsurance pricing increases across most territories at the July renewals, with some ... Read the full article
Willis Re’s Andrew Souter joins Pioneer as Head of Capital
13th June 2019
Andrew Souter has been appointed Head of Capital at Pioneer Underwriters, effective 19th August 2019. In his new role he will report to Pioneer's Chief Executive Officer (CEO) Andrew McMellin, and will be responsible for the capital and reinsurance buying functions within the company, while at the same time being tasked ... Read the full article
Willis Re uses PCS index as trigger for Japan ILW
29th May 2019
Willis Re has become the first reinsurance broker to structure and trade an industry loss warranty (ILW) using Property Claim Services’ (PCS) new Japan index as trigger. PCS expanded its industry loss data aggregation and index reporting services to include non-marine catastrophe losses in Japan in January 2019, following the impacts ... Read the full article
Willis Re & Concirrus partner on specialty re/insurance using IoT
22nd May 2019
The global reinsurance arm of broker Willis Towers Watson, Willis Re, has entered into a strategic partnership with InsurTech firm Concirrus to transform specialty re/insurance products by leveraging data from the Internet of Things (IoT). Under the partnership, Willis Re will join London-based Concirrus' Power20, a community of visionaries who are ... Read the full article
InsurTech investments break records in Q1 2019: Willis Towers Watson
9th May 2019
For the third consecutive quarter, InsurTech funding surpassed the $1 billion mark in the opening three months of 2019, with 85 deals recorded with a total value of $1.42 billion, according to the latest quarterly InsurTech Briefing from insurance and reinsurance broker, Willis Towers Watson (WTW). When compared with the fourth-quarter ... Read the full article
Cat bond issuance hits six-year low in Q1 2019: Willis Re
7th May 2019
Growth in the insurance-linked securities (ILS) market continued to slow in the first quarter of 2019, with $1.1 billion raised through non-life catastrophe bond issues, according to Willis Re, the reinsurance arm of broker Willis Towers Watson. Analysts noted that issuance was well below the average of $1.8 billion raised during ... Read the full article
Underlying RoE declines as expenses ratios rise, combined ratio weakens: Willis Re
26th April 2019
Rising expense ratios and a steady but "relentless" decline in the underlying return on equity (RoE) is challenging the profitability of the subset of reinsurers in the Willis Reinsurance Index, reports reinsurance broker Willis Re. Willis Re's latest biannual Reinsurance Market report highlights a decline in global, dedicated reinsurance capital ... Read the full article
Global, dedicated reinsurance capital declined to $462bn in 2018: Willis Re
23rd April 2019
Total, dedicated reinsurance industry capital declined by 5% year-on-year in 2018, ending the year at $462 billion, according to Willis Re, the reinsurance broking arm of Willis Towers Watson. The reinsurance broker has released its 2018 Reinsurance Market Report, which shows a decline in the volume of dedicated, global reinsurance capital. According ... Read the full article
Japan renewals were orderly with stable reinsurer capacity: Willis Re
2nd April 2019
The April renewals in Japan were orderly despite the level of catastrophe losses in 2018, with reinsurance capacity remaining stable, according to broker Willis Re, the reinsurance arm of broker Willis Towers Watson. Buyers sought increased capacity, both on an aggregate basis and for earthquake occurrence, analysts observed in Willis Re’s ... Read the full article
Boeing crash could be biggest non-war aviation reinsurance loss: Willis Re
1st April 2019
The recent Ethiopian Airlines crash and subsequent grounding of Boeing’s global fleet of 737 Max aircraft could potentially be the largest ever non-war claim incurred by the aviation reinsurance market, according to Willis Re. The broker said that losses from the incident could erode three to four years’ worth of reinsurers’ ... Read the full article
Strong capitalisation underpins rational pricing approach at April 1: Willis Re
1st April 2019
Willis Re, the reinsurance arm of global insurance and reinsurance broker Willis Towers Watson, has noted that reinsurers adopted a rational pricing approach at the April 1st renewals, underpinned by high levels of market capitalisation from both traditional and alternative sources. The reinsurance broker's latest 1st View report examines the April ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
