Willis Re: Prices Softening Beyond Property Catastrophe Business, With Rates Down Up To 25%

A heady cocktail of converging factors has fuelled a soft buyers’ market in nearly all lines of business at the 1 January 2014 renewals, according to the 1st View Renewals Report from Willis Re

Excess capital supply continues to chase muted demand in reinsurance market

Willis Re 1st View report shows no change in market dynamics and more rating pressure to come.

Willis brokers $55 million Reinsurance Capacity for First African Catastrophe Insurance Pool

Willis Re and Willis’s Global Weather Risks Practice have worked together to secure US $55 million of index-based reinsurance capacity from the international weather risk markets for Africa’s first ever catastrophe insurance pool, Africa Risk Capacity Insurance Company Ltd (ARC Ltd).