New Ventures Seize Opportunities as Insurers Cope with Coronavirus Losses July 8, 2020 By Carolyn Cohn Commercial insurers are facing hefty claims from the coronavirus crisis but are also seeing a steep rise in premiums –...
MGA Chord Re Launches as Specialty Reinsurer, Writing on Behalf of Neon November 14, 2017 Chord Re, a new underwriting vehicle established by Stefan Long, formerly head of Aspen Re London, has launched operations on...
Soft Rates Begin to Hit Results – But Pain Continues at Mid-Year Renewals: Willis Re July 11, 2017 Despite the deterioration many reinsurers saw in the first quarter, mid-year renewals continued their downward pricing trajectory, according to Willis...
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...
Reinsurers Can Expect Another Difficult Year, Seeking Price Stabilization: Willis Re January 3, 2017 Despite a 50 percent increase in insured losses from natural catastrophes during 2016, the global reinsurance industry achieved profitable results...
Willis Re Taps Aon’s McDowell to Lead Bermuda Unit; Harden as APAC President August 23, 2016 Willis Re announced the appointment of Chris McDowell as CEO of Willis Re Bermuda. Effective Jan. 1, 2017, he will...
Market Softening Slows but Rate Stabilization Is Elusive: Willis Re July 6, 2016 The June/July 2016 renewal season has seen a continuation in market softening, though the magnitude of rate reductions is slowing,...
April Renewals Saw More Price Cuts, but Reinsurance Demand Rises: Willis Re April 1, 2016 By L.S. Howard While the April 1 renewals saw a continuation of the softening market, there are encouraging signs that price cuts are...
Risk Appetite Statements Driving Shift in Reinsurance Buying Decisions: Willis Re March 22, 2016 By L.S. Howard The rising adoption of formal risk appetite statements is having a dramatic effect on reinsurance buying decisions, with purchasing power...
El Niño Helped Reduce Natural Catastrophe Losses in 2015: Munich Re January 4, 2016 By Jonathan Gould Insurers paid out around $27 billion for natural disaster claims last year with weather causing 94 percent of incidents, underscoring...