UnipolSai and Willis Complete Industry-first Catastrophe Bond

Sponsored by Italian insurer, UnipolSai, Willis Capital Markets & Advisory in collaboration with Willis Re has structured and placed the re/insurance industry’s first indemnity-trigger catastrophe bond primarily for Italian earthquake risk, Azzurro Re I Limited.

Willis Re Announces Senior Leadership Appointments

Paddy Jago has been appointed Global Chairman, in addition to his role as Chairman for Willis Re North America. Other appointments include Mark Hvidsten as Deputy Chairman, and James Kent and Andrew Newman as Co-Presidents in addition to their respective roles as President of Willis Re North America and Global Head of Casualty.

Price Softening Slowdown at July 1 Renewals

The latest Willis Re 1st View renewals report reveals early signs of reinsurance price stabilization are beginning to emerge in peak property catastrophe zones. Competition remains intense however for non-peak areas where traditional reinsurers still dominate the market.