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.
Willis Re appoints new Head of London Market Reinsurance Claims
25th March 2019
Willis Re, the global reinsurance arm of broker Willis Towers Watson (WTW), has appointed claims veteran Steve Robson as Head of London Market Reinsurance Claims, effective today. Robson has 36 years of experience in the sector, and brings extensive client-side experience to the role, supporting the closer alignment of the servicing ... Read the full article
WTW partners with InsurTech massUP
6th March 2019
Global re/insurance broker Willis Towers Watson (WTW) has partnered with German InsurTech massUP with the aim of developing new insurance products and solutions. The strategic partnership, which is hoped will also enable the integration of technological processes and includes joint international distribution, follows existing collaboration efforts between massUp and Willis Re, ... Read the full article
David Gregori to lead Willis Re’s new Asia Pacific agriculture team
20th February 2019
Willis Re, the reinsurance arm of global insurance broker Willis Towers Watson, has launched a new Agriculture team for the Asia Pacific region and appointed David Gregori to lead it. As Head of Agriculture for Asia Pacific, Gregori will lead a team based in Hong Kong to support clients and partners ... Read the full article
Willis Re bolsters Australia division with senior appointments
1st February 2019
Willis Re, the reinsurance arm of global insurance broker Willis Towers Watson, has announced some leadership changes within its Australia division, including the appointment of John Philipsz as Deputy Chief Executive Officer (CEO) of Willis Re Australia, effective immediately. Philipsz will be based in Sydney, and will continue to push the ... Read the full article
2018 saw non-life ILS hit $93bn: Willis Re
29th January 2019
The Insurance Linked Securities (ILS) market underwent further growth in 2018, reaching $93 billion of outstanding non-life capital, according to an ILS Market Update from Willis Re. With roughly $9.2 billion of new capital delivered - the second most active calendar year ever despite a slow-down during the final quarter - ... Read the full article
Willis Re International names Shea Head of Strategic & Financial Analysis
24th January 2019
Willis Re, the reinsurance arm of international broker Willis Towers Watson, has announced the appointment of Brian Shea as Managing Director and Head of Strategic and Financial Analysis for Willis Re International. Shea was previously Head of Willis Towers Watson Securities Europe, having joined the company in 2015. He has 26 years’ ... Read the full article
Retro market disruptions may impact future renewals: Willis Re
7th January 2019
Disruptions and trapped collateral in the retrocession market may have an impact on first-tier reinsurance property catastrophe pricing levels over the upcoming 2019 renewals, according to broker Willis Re. The analysis came as part of the firm's latest 1st View report, which found that reinsurance rates at the 1 January ... Read the full article
Pricing broadly stable across U.S casualty renewals, finds Willis Re
3rd January 2019
The latest 1st View report from Willis Re has found that U.S casualty reinsurance pricing trends were mixed at the 1 January 2019 renewals, with pockets of rate increases and decreases across a broadly stable market. The findings came as part of the broker's wider market analysis, which found that Read the full article
January renewals highlight reinsurance “pricing gap”: Willis Re
2nd January 2019
The January 2019 reinsurance renewals have highlighted a "pricing gap" between cedants with peak peril exposure or poor loss records and other accounts, according to a new report from broker Willis Re. The company earlier told the Financial Times that reinsurance rate increases did not materialise at the 1 January renewals, ... Read the full article
Q3 catastrophe bond issuance highest ever at $1.6bn: Willis Re
6th November 2018
Catastrophe bond issuance was at a record-high during the third quarter of 2018, totalling $1.6 billion, which exceeded the former Q3 record of $1.4 billion in 2013, according to the new insurance-linked securities (ILS) Market Update from Willis Re. The Q3 total is also well ahead of the $800 million five-year ... Read the full article
Willis Re appoints Edward Torres as Structured Risks & Legacy broker
12th October 2018
Willis Re, the reinsurance arm of international broker Willis Towers Watson, has appoint Edward Torres as Structured Risks & Legacy broker. As a member of the Financial Advisory team, Torres will operate out of Willis Re’s New York City office and will focus on the placement of prospective structured reinsurance solutions ... Read the full article
Silent cyber perceived as a far greater risk than ever before: Willis Towers Watson
5th October 2018
Cyber-related losses are expected to increase across all business lines over the next 12 months while silent cyber continues to pose a massive threat, according to an industry-wide survey conducted by insurance and reinsurance broker Willis Towers Watson (WTW). “The insurance market considers ‘silent cyber’ to be a far greater risk ... Read the full article
Willis Re reorganises Specialty broking business
19th September 2018
Willis Re Speciality has appointed Jonathan Marsh as Chairman and Printhan Sothinathan as Chief Strategy Officer as part of a restructure designed to provide better career development opportunities and improved clarity of roles and accountability. Graeme Moore will still lead the Willis Re Speciality business as Chief Executive Officer (CEO), while ... Read the full article
“Flat but functional” property cat market is new norm: Willis Re CEO
9th September 2018
A “flat but functional” pricing environment for property catastrophe is likely to become the “new norm” for reinsurers following a fairly subdued year for renewals despite high catastrophe losses in 2017, according to James Kent, Global Chief Executive Officer (CEO) of Willis Re. Speaking at a press briefing during the first ... Read the full article
Underlying profitability and reinsurer capital fall at H1 2018: Willis Re
6th September 2018
Underlying profitability continued its downward trend at H1 2018, falling 3.4% for the 34 reinsurance companies tracked in the Willis Reinsurance Index, while shareholders’ equity also saw a decrease of 1.6% to $364.9 billion from $371 billion at year-end 2017. Willis Re’s latest Reinsurance Market Report found that the decreases occurred ... Read the full article
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