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.
Rate rises persist as replenished capital supports mid-year renewals: Willis Re
1st July 2020
Rate inadequacy continued to drive measured rate adjustments in many lines and geographies at the June and July reinsurance renewals, while primarily players were able to secure sufficient reinsurance capacity, reports Willis Re, the reinsurance broking arm of Willis Towers Watson (WTW). The reinsurance broker reports that double-digit risk-adjusted reinsurance price ... Read the full article
Willis Re Securities closes €100m cat bond for Achmea Reinsurance
25th June 2020
Willis Re Securities in collaboration with Willis Re, the reinsurance division of Willis Towers Watson has structured and placed €100 million of insurance-linked securities (ILS) for Achmea Reinsurance Company. Achmea Reinsurance is the reinsurance arm of Achmea B.V., the leading Dutch insurance group with a cooperative background. Windmill II Re DAC, settled ... Read the full article
Willis Re hires Kirsten van Exel from AEGON
19th June 2020
Willis Re, the reinsurance broking arm of Willis Towers Watson (WTW), has announced that Kirsten van Exel will join its Dutch team as an Executive Director. Most recently, van Exel was a senior ILS underwriter at AEGON, prior to which she was a senior reinsurance actuary at NN Re. In her new ... Read the full article
Industry consensus on COVID-19 loss range is $30-100bn: Willis Re
13th May 2020
The early consensus among analysts is that COVID-19 industry losses will be somewhere in the range of $30 billion to $100 billion, according to Willis Re, the reinsurance broking arm of Willis Towers Watson (WTW). This rough consensus is broadly consistent with estimates released by WTW earlier this month, which put ... Read the full article
Pre-coronavirus reinsurance capital up 15%: Willis Re
27th April 2020
Strong investment market performance saw total capital dedicated to the global reinsurance industry hit $605 billion in 2019, a 15% year-on-year growth. According to a new report by Willis Re, year-to-date 2020 will have seen much of this expansion unwind due to the steep sell-off in equity and corporate bond markets ... Read the full article
Covid-19 claims manageable, but reinsurers face formidable challenges: Willis Re
23rd April 2020
Willis Re, the reinsurance broking arm of Willis Towers Watson (WTW), has said that while reinsurance claims from the global COVID-19 pandemic are likely to be manageable, the industry is facing some formidable challenges. In a recently published COVID-19 Impact report, reinsurance broker Willis Re says that so far, reinsurers have ... Read the full article
Covid-19 shows sensitivity of re/insurers to equity market volatility: Willis Re
17th April 2020
The global reinsurance capital base is expected to take a hit of approximately 5% from the financial impacts of the Covid-19 coronavirus pandemic, reports Willis Re, the reinsurance arm of global brokerage Willis Towers Watson (WTW). The reinsurance broker's Strategic and Financial Analytics teams' 5% estimate is a marked improvement on ... Read the full article
Organized 1/4 renewals a prudent approach in light of COVID-19: Willis Re’s Kent
7th April 2020
The majority of protection buyers started their April 1st reinsurance renewal negotiations well in advance, which, in light of the challenges driven by the COVID-19 pandemic proved to be a prescient approach, according to James Kent, global Chief Executive Officer (CEO) of Willis Re. As noted by reinsurance brokerage Willis ... Read the full article
Japan wind and flood rates up 30-50% at April renewals: Willis Re
2nd April 2020
Willis Re has reported that reinsurance rates were up by between 30% and 50% for Japanese wind and flood risk at the recent April 1 renewals. The broker said that these renewals saw higher rate increases than occurrence layers, with reinsurers applying significant pressure for restructuring. The renewals were also reported ... Read the full article
Loss-hit lines up +50% during a steady April reinsurance renewals: Willis Re
1st April 2020
Despite the disruption caused by the ongoing COVID-19 pandemic, reinsurers took a measured approach to the April renewals and services were provided without interruption, reports reinsurance broker Willis Re in its latest 1st View renewals report. According to Willis Re, the reinsurance broking arm of Willis Towers Watson, the global reinsurance ... Read the full article
Charles Rumball to lead Willis Re Specialty – North America
31st March 2020
Willis Re, the reinsurance broking arm of Willis Towers Watson (WTW), has appointed Charles Rumball as Head of Specialty - North America, reporting to both Donald Harrell, Chief Operating Officer (COO) of Willis Re Specialty and Jeffrey Livingston, Executive Vice Chairman, Willis Re North America. Currently, Rumball serves as Executive Vice ... Read the full article
Willis Re adds Dan Melanson as SVP, health practice leader
26th March 2020
Willis Re, the reinsurance business of Willis Towers Watson, has appointed Dan Melanson as senior vice president and Health Practice leader. Melanson will serve on the Life, Accident and Health senior management team and be responsible for creating and executing strategies to grow the Willis Re LAH business. He begins immediately and ... Read the full article
WTW / Aon combination could require Willis Re sale: Analysts
25th February 2020
Analysts at Wells Fargo Securities have suggested that a potential combination with Aon could require Willis Towers Watson (WTW) to sell off its reinsurance arm, Willis Re. Speculation about a possible merger deal between the two broking giants was sparked last week after WTW confirmed that it was exploring “strategic ... Read the full article
Reinsurance capacity down at political risk renewals: Willis Re
28th January 2020
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 ... Read the full article
Global insured catastrophe losses below average at $53bn in 2019: WTW
24th January 2020
A combination of smaller and medium-sized events resulted in total insured catastrophe losses of approximately $53 billion in 2019, according to insurance and reinsurance broker Willis Towers Watson (WTW). At $53 billion, insurance industry losses from catastrophe events during 2019 come in roughly 18% lower than the annual average since 2011, ... 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.
