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Risk to U.S. property from thunderstorms is as high as from hurricanes, according to new research finding that for the past decade, severe convective storms have been the largest annual aggregated ...
Insured loss estimates from major natural catastrophes totaled $39.5 billion during 2016, which is the highest level since 2012 when market losses totaled $60 billion, according to a report published ...
Despite a 50 percent increase in insured losses from natural catastrophes during 2016, the global reinsurance industry achieved profitable results for the third quarter and remains on track to close ...
XL Catlin promoted a veteran executive to lead its Multinational Casualty Insurance segment. A Willis Re exec has moved up the ranks to become global deputy CEO. *** XL Catlin appointed James Barbuti ...
Willis Re, the reinsurance division of Willis Towers Watson, has launched the next generation of its cyber risk portfolio modeling tool PRISM-Re. PRISM-Re was first released in February 2015 to help ...
Allianz Global Corporate and Specialty added a new company to its panel of experts that helps businesses minimize post cyber-attack damage. RMS unveiled a new exposure analytics product. Willis Re is ...
While the April 1 renewals saw a continuation of the softening market, there are encouraging signs that price cuts are slowing and reinsurance demand is rising, according to a Willis Re report. For ...
The rising adoption of formal risk appetite statements is having a dramatic effect on reinsurance buying decisions, with purchasing power increasingly moving to the center, according to the findings ...
Reinsurers dealing with Jan. 1, 2016 renewals are seeing continued pricing declines in most cases, with no end in sight to the years-long trend, Willis Re asserted in a new report. The situation is ...
Reinsurance brokers who previously stuck to their limited roles as middle men between their insurance company clients and reinsurers are increasingly using expertise, technology and analytics to ...
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