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...
Ethiopian Airlines Crash Could Break Record for Non-War Reinsurance Claim: Willis Re April 1, 2019 Liability claims related to the Ethiopian Airlines crash and the grounding of Boeing 737 MAX 8 aircraft could be the...
Willis Re Names Claims Veteran Robson as Head of London Market Reinsurance Claims March 25, 2019 Claims veteran Steve Robson has joined Willis Re as head of London Market Reinsurance Claims, effective immediately. He brings extensive...
Insurance Linked Securities Market Grows to $93B in 2018: Willis Re February 1, 2019 Growth of the insurance linked securities (ILS) market reached $93 billion in 2018, up from $88 billion during the prior...
Private Flood Insurers Not Yet Ready to Fill Massive U.S. Protection Gap January 24, 2019 By L.S. Howard The flood insurance protection gap in the United States is massive, but the take-up rate of private flood insurance continues...
Multiple Smaller Natural Disasters in 2018 Created ‘Unusual’ Insured Loss Picture: Willis January 16, 2019 Insured loss estimates from major natural catastrophes in 2018 totaled roughly $71.5 billion, the highest since 2011’s annual market losses...
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,...
Florida Picks Up the Pieces from Powerful Hurricane Michael November 20, 2018 By Amy O'Connor It has been just over a month since Hurricane Michael slammed the Florida Panhandle as a Category 4 hurricane with...
Insurance Linked Securities’ Issuance Reaches Record $1.6B in Q3: Willis Re November 6, 2018 The issuance of non-life insurance linked securities during the third quarter reached a record $1.6 billion, according to a report...
Willis Research Network Renews Partnership with Global Earthquake Model Foundation October 31, 2018 The Willis Research Network (WRN) announced it has renewed its partnership with the Global Earthquake Model (GEM) Foundation. The agreement...