Willis Re Launches $400M Reinsurance Facility to Cover Catastrophic Liabilities
Willis Re, the reinsurance division of Willis Group Holdings plc, has established a syndicated reinsurance facility providing the broadest protection available for insurers against catastrophic and systemic loss accumulations arising from liability portfolios. Named PRIMO, the facility responds to increasing …
Willis’ Casualty Head Comments on Inflow of New Capital for Casualty Re Market
Capital is pouring into the casualty reinsurance market from both traditional property catastrophe reinsurers looking to offset rate reductions in their own sphere, and now also from the capital markets, according to Andrew Newman, Global Head of Casualty at Willis …