Willis Re ‹ Press Releases

Sep

2019

Franck Pinette appointed Life & Health leader for Willis Re International

Posted on 5th September 2019 by Gavin Warren and has No comment

Willis Re, the reinsurance business of leading global advisory, broking and solutions company Willis Towers Watson (NASDAQ: WLTW), today announced the appointment of Franck Pinette as leader of its International Life & Health Practice with effect from 1st September, 2019. Franck joined Willis Re in early […]

Sep

2019

Total reinsurance capital at H1 2019 increases 8% driven by strong investment markets: Willis Re

Posted on 4th September 2019 by Gavin Warren and has No comment

Total capital dedicated to the global reinsurance industry measured USD 559 billion at the half-year point of 2019. This is an 8% increase from a re-stated USD 518 billion at year-end 2018[1], with strong investment markets being the main driver of the industry’s capital growth. These […]

Aug

2019

Willis Re: Silent-cyber claims expectations decline across insurance lines and industry groups

Posted on 29th August 2019 by Mazin Shammas and has No comment

The insurance sector is considerably less concerned about silent cyber exposures than it was in 2018. The finding applies to all commercial lines of business and industry groups, according to 2019 Silent Cyber Risk Outlook, the annual global survey by Willis Re, the reinsurance division of […]

Jul

2019

Willis Re delivers US wildfire risk underwriting insight to clients

Posted on 9th July 2019 by Mazin Shammas and has No comment

Willis Re, the reinsurance division of Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, has deployed a wildfire risk solution that can be used throughout the U.S. to assess location level wildfire risk, and how the risk correlates to the company’s […]

Jul

2019

Reinsurers more discerning at mid-year renewals: Willis Re 1st View

Posted on 1st July 2019 by Mazin Shammas and has No comment

Strengthening primary insurance market conditions underpinned improvements to reinsurance prices, terms and conditions at the June 1, and July 1, 2019, renewals according to the latest 1st View renewals report from Willis Re, the reinsurance division of Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, […]

Apr

2019

Willis Re finds total reinsurance dedicated capital was down 5% at year-end 2018

Posted on 23rd April 2019 by Mazin Shammas and has No comment

Total capital dedicated to the global reinsurance industry measured USD 462 billion at year-end 2018. The largest component of this figure is the total shareholders’ equity of the 32 reinsurance companies tracked in the Willis Reinsurance Index which was down 10% to USD 335.7 billion, reversing […]

Apr

2019

Rational 1.4 pricing highlights reinsurance market’s stability and maturity: Willis Re 1st View

Posted on 1st April 2019 by Mazin Shammas and has No comment

Reinsurers have adopted a rational rating approach at the 1 April 2019 renewal with price increases of up to 25% targeted towards loss-affected contracts and programmes. These rate increases were balanced by flat renewals for loss-free classes and programmes, according to the latest 1st View renewals […]

Mar

2019

Willis Re appoints Steve Robson as head of London Market Reinsurance Claims

Posted on 25th March 2019 by Mazin Shammas and has No comment

Claims veteran Steve Robson has joined Willis Re as head of London Market Reinsurance Claims, effective today. He brings extensive client-side experience and perspectives, and supports the closer alignment of the servicing and placement teams of Willis Re, the reinsurance division of Willis Towers Watson, a […]

Feb

2019

Willis Re launches Agriculture team in Asia Pacific and appoints David Gregori as Head of Agriculture for the region

Posted on 20th February 2019 by Mazin Shammas and has No comment

Willis Re, the reinsurance division of Willis Towers Watson, a leading global advisory, broking and solutions company (NASDAQ:WLTW), announced today the appointment of David Gregori as Head of Agriculture for Asia Pacific and the set-up of its Agriculture team for the region. Based in Hong Kong, […]

Jan

2019

Willis Re: ILS growth to $93bn in 2018 bodes well for a continued healthy market

Posted on 29th January 2019 by Mazin Shammas and has No comment

Growth of the ILS market continued in 2018, to reach $93 billion of outstanding non-life capital, despite a slow-down during the final quarter of the year, according to the new ILS Market Update from Willis Re, the reinsurance division of Willis Towers Watson, the leading global […]

Jan

2019

Willis Re International appoints Brian Shea as Head of Strategic and Financial Analysis

Posted on 24th January 2019 by Mazin Shammas and has No comment

Willis Re, the reinsurance division of Willis Towers Watson, the leading global advisory, broking and solutions company (NASDAQ:WLTW) has announced the appointment of Brian Shea as Managing Director and Head of Strategic and Financial Analysis for Willis Re International. Effective 1 January 2019, Shea will continue […]

Jan

2019

Willis Re: Multiple smaller catastrophes deliver average insured-loss year in 2018

Posted on 16th January 2019 by Mazin Shammas and has No comment

Insured losses from major natural catastrophes in 2018 totalled roughly $71.5 billion, only slightly more than the annual average since 2011 but the third-highest total during the eight-year period, according to the Summary of Natural Catastrophe Events 2018 report, published today by Willis Re, the reinsurance […]

Jan

2019

Contrasting realities for 2019 reinsurance renewals: Willis Re 1st View

Posted on 2nd January 2019 by Mazin Shammas and has No comment

Reinsurance placements at 1 January 2019 highlight a pricing gap between accounts with peak peril exposures or poor loss records and the rest, with many reinsurers placing emphasis on the quality of client counterparties, according to the latest 1st View renewals report from Willis Re, the […]

Nov

2018

Willis Re: Record Q3 ILS issuance as trigger preferences evolve

Posted on 6th November 2018 by Mazin Shammas and has No comment

A record-high $1.6 billion of non-life Insurance-Linked Securities (ILS) capacity was issued in Q3, 2018, highlighting the continued enthusiasm for ILS amongst issuers and investors. The total exceeds the former Q3 record of $1.4 billion achieved in 2013, and is well ahead of the five-year average […]

Sep

2018

Underlying Return on Equity deteriorates at H1 2018: Willis Re Reinsurance Market Report

Posted on 6th September 2018 by Mazin Shammas and has No comment

Shareholders’ equity in 34 reinsurance companies tracked in the Willis Reinsurance Index[1] totalled $364.9 billion, a 1.6% decrease from $371 billion at year-end 2017. The decrease occurred despite an improvement in net income of nearly 75% to $14.5 billion, largely due to lower natural catastrophe losses […]

Nov

2017

InsurTech: A shifting global balance of power

Posted on 1st November 2017 by Gavin Warren and has No comment

The Third Quarterly InsurTech Briefing from Willis Towers Watson, the leading global advisory, broking and solutions company, (NASDAQ:WLTW), examines how technology has the potential to disrupt national insurance markets and alter the global balance of power between (re)insurers in developed markets and those in emerging economies. […]

Oct

2017

Willis Re announces digital move to further develop globalREmarket placement platform

Posted on 6th October 2017 by Gavin Warren and has No comment

Willis Re, the reinsurance business of leading global advisory, broking and solutions company Willis Towers Watson (NASDAQ: WLTW), today announced its intention to further develop an online placement platform that will enhance how it transacts with markets. The platform, globalREmarket (formerly X-gRm), is a state of […]

Oct

2017

Willis Re supports blockchain insurance industry initiative B3i

Posted on 2nd October 2017 by Gavin Warren and has No comment

Willis Re, the reinsurance business of leading global advisory, broking and solutions company Willis Towers Watson (NASDAQ: WLTW) today announces its membership of the blockchain insurance industry initiative B3i. Since its launch in October 2016, the B3i initiative has attracted global interest from Asia, Africa, Australia, […]

Jul

2017

James Kent appointed to lead Willis Re as John Cavanagh announces his retirement

Posted on 6th July 2017 by Gavin Warren and has No comment

Willis Re, the reinsurance business of leading global advisory, broking and solutions company Willis Towers Watson (NASDAQ: WLTW) today announced that James Kent will succeed John Cavanagh as he steps down from his position as global CEO. John Cavanagh will retire from Willis Towers Watson at […]