Willis Re News
Measuring Risk in the Cyber World
Cyber risk is a hot topic in the insurance industry today. Technological innovation and connectivity have fundamentally revolutionized the world we live in and promise new transformations in the ...
Willis Expands in Asia With Taiwan Acquisition
Willis Group Holdings Plc will snatch up a broker in Taiwan, nearly doubling the size of its existing business in the country. Acquiring Elite Risk Services Limited of Taiwan will also give Willis ...
Willis Re Unveils $400M Facility For Liability Cat; 20 Reinsurers on Board
Willis Re has rolled out a new syndicated reinsurance facility that gives broad protection for insurers against catastrophic and systemic loss accumulations stemming from liability portfolios. The ...
Willis Re: Reinsurance Capital Oversupply Makes a Bad Situation Worse
Willis Re offers yet another industry warning about the oversupply of global capital in reinsurance. The reinsurance division of Willis Group Holdings said that dedicated global reinsurance capital ...
Willis Re Chairman/Ex-CEO Departs to Become Guy Carpenter’s Next Leader
Willis Re Chairman and former CEO Peter Hearn is jumping ship, moving over to Guy Carpenter as its next leader. Hearn won't become chief executive officer of the Marsh & McLennan-owned ...
Reinsurers Rush to Alter Strategy as Rates Fall: Willis Re
Reinsurers are rushing to implement major changes to their strategies and altering business models as rates continue to decline, broker Willis Re said. Reinsurance catastrophe prices for property in ...
Willis Re Unveils Cybersecurity Risk-Measurement Tool
Reinsurance broker Willis Re on Tuesday launched a tool designed to help insurance companies gauge their portfolios' exposure to cybersecurity risks, the latest effort to develop a growing market ...
Willis Re: TRIA’s Demise Leaves Companies Actively Pursuing Alternate Coverage
Companies are actively pursuing alternative coverage to fill in reinsurance gaps left by the demise of TRIA after Dec. 31, Willis Re said in its Jan. 1, 2015 renewals report. "There are many ...