Willis Group Holdings announced the appointment of John Cavanagh as CEO Willis Re, the reinsurance broking arm of the Willis Group, effective immediately. He succeeds Steve Hearn, who was appointed Chairman and CEO Willis Global last December. In his new …
An analysis from Willis Re, the reinsurance broking arm of Willis Group Holdings, notes that the majority of this year’s catastrophe losses arose “from un-modeled or inadequately modeled perils or territories.” As a result reinsurers “are being more forceful in …
UK motor [auto] insurance premiums “have continued to rise in 2011, with some drivers facing price increases of up to 50 percent,” according to findings of the annual UK Motor Market Review by Willis Re. It also noted a significant …
The Willis Re’s 1st View Renewals Report for June/July 2011, entitled – “Mixed Messages“- estimates that “a string of natural catastrophes in the first quarter of 2011 has cost reinsurers in the region of 10 percent of their total shareholders’ …
Insurers are meeting their solvency requirements in greater numbers than anticipated and the result is that the Solvency II regulatory scheme will not result in a capital deficit for the insurance industry as a whole. The latest impact study (Solvency …
After several years of uncertainty, coupled with no small amount of angst, Willis Re, the reinsurance broker for Willis Group Holdings, has published a reassuring report on Standard & Poor’s new criteria for assessing insurers’ economic capital models. Willis Re …
A report from Willis Re, the reinsurance brokerage arm of Willis Group Holdings, notes that “relatively orderly price movements at the April 1 Japanese reinsurance renewals reveal that the Tohoku Earthquake is not the catalyst that will bring about a …
