Willis Re, the reinsurance division of Willis Group Holdings plc, announced that it has launched “the insurance industry’s first cyber risk modeling tool that will enable insurers to quantify and manage their portfolio exposure to data breaches, the leading cause …
“Relentless rate reductions, low investment returns and the continued influx of alternative capital have offered no respite for reinsurers at the January 1, 2015 renewal season with a reshaping of the global reinsurance industry now starting in earnest,” according to …
Willis Re, the reinsurance division of Willis Group Holdings, the risk adviser, insurance and reinsurance broker, has released a new Japan Tsunami Model to advance the industry’s understanding of catastrophic tsunami losses. The tsunami model, which was developed in-house alongside …
Willis Re announced that it has strengthened its expertise in the Turkish market by entering into an agreement with Gras Savoye Turkey. Kemal Kurklu has joined Gras Savoye as Executive Director-Treaty Reinsurance in Istanbul to work in partnership with Willis …
Willis Group Holdings plc announced today that Willis Re Inc., its North American reinsurance business, has entered into a definitive agreement to acquire the assets of SurePoint Reinsurance Advisors, LLC, in Portland, Maine. Details of the transaction, which is expected …
Reinsurance broker Willis Re has opened a new operation in Tampa, Florida, as it continues to expand its reinsurance presence in the North American market. The Willis Re Tampa office will be led by Ken Vincent, executive vice president, who …
According to Willis Re’s January 2014 Reinsurance Renewals Report, “a heady cocktail of converging factors has fuelled a soft buyers’ market in nearly all lines of business at the 1 January 2014 renewals.” Among the challenges faced by both traditional …
Munich Re and Swiss Re Ltd. are among reinsurers likely to face further pressure to lower the rates they charge clients as the capital available for backing policies remains near a record high, brokers said. “With the influx of new …
Willis Group Holdings announced that it has recruited Graeme Moore to the Specialty division of its reinsurance business, Willis Re. His appointment will “strengthen both the firm’s senior leadership team and its Specialty division,” said the announcement. Moore will join …
Mutual insurers have found themselves in a prime position to capitalize on changes in the traditional reinsurance market, according to Willis Re, the reinsurance broking arm of Willis Group Holdings. Its newly released “1st View April 2013 Renewals Report” “found …
