Reinsurers Charge ‘Rational’ Rates in April Renewals, from Flat to 25%: Willis Re April 1, 2019 While there were no signs of generalized rate hardening during the April 1, 2019 renewal season, reinsurers have adopted a...
January Renewals Show Higher Prices for Clients with Poor Loss Records: Willis Re January 2, 2019 Reinsurance placements at Jan. 1, 2019 highlight a pricing gap between accounts with peak peril exposures, or poor loss records,...
Momentum for Rate Hikes Dissipates During June/July Renewals: Willis Re Report July 2, 2018 Momentum for rate increases on loss-free reinsurance accounts dissipated during the June/July property catastrophe renewals, and in some cases, pricing...
Natural Catastrophe Claims in 2017 Reached a Record $135B: Munich Re January 4, 2018 By L.S. Howard The insurance industry will pay record claims of US$135 billion from last year’s spate of natural catastrophes, according to a...
Property Reinsurance Rates Rise Less Than Expected in Jan. 1 Renewals January 2, 2018 Global property reinsurance prices have risen less than expected in the key Jan. 1 renewal season, with strong competition limiting...
Kent to Become Willis Re’s Global CEO when Cavanagh Retires July 6, 2017 Willis Re announced that James Kent, the current deputy global CEO, will succeed John Cavanagh when he retires from his...
Willis Re Appoints Kent as Global Deputy CEO November 29, 2016 Willis Re, the reinsurance business of Willis Towers Watson, announced the promotion of James Kent – co-president of Willis Re...