Willis Re News

Dearly Departed InsurTechs: Expect Their Numbers to Rise

For every Lemonade and Root that launches with great fanfare, attracts hundreds of millions of dollars in venture funding and publicizes every facet of its growth, there are many InsurTechs that ...

Insured National Catastrophe Losses Dipped Nearly 20 Percent in 2019: Willis Re

Insured losses from major natural catastrophes in 2019 totaled roughly $53.0 billion, about 18 percent lower than the annual average since 2011, according to a report from Willis Re. This figure ...

Executives On The Move at Hamilton Insurance Group, Everest Re and Willis Re

Hamilton Insurance Group appointed a head of Property Reinsurance for its new U.S. reinsurance platform. Everest Re hired Artur Klinger as Managing Director of its Continental Europe business, to ...

Jan. 2020 Reinsurance Renewals Vary Widely

The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents' loss record and client relationships, according to two ...

Alternative Capital Grew Again in 2018 Even as Total Reinsurance Capital Dropped: Willis Re

While total dedicated reinsurance capital dropped in 2018, alternative capital continued its steady rise, according to a report published by Willis Re. Total dedicated reinsurance capital – which ...

April Renewals Achieve Rate Hike Range From Flat to 25 Percent: Willis Re

While there were no signs of generalized rate hardening during the April 1, 2019 renewal season, reinsurers have adopted a "rational" rating approach, asking for price increases of up to 25 percent, ...

Cyber Risk Prevention a Factor in InsurTech Investments’ Continued Climb: Willis Towers Watson

There were 63 InsurTech investment deals worth nearly $1.6 billion in the 2018 fourth quarter, according to a new Willis Towers Watson report. That's a 24 percent jump in deal count compared to the ...

Insurance Linked Securities Market Reached $93B in 2018: Willis Re

Growth of the insurance-linked securities (ILS) market reached $93 billion in 2018, up from $88 billion during the prior year, according to the new ILS Market Update from Willis Re, the reinsurance ...