Willis and Towers Watson have merged. Visit willistowerswatson.com

Major natural catastrophe losses totaled USD 39.5 billion in 2016, highest since 2012: Willis Re report

2016 saw insured loss estimates from major natural catastrophes reach USD 39.5 billion, the highest since the annual market losses of USD 60 billion in 2012. These are the findings of the 2016 Summary of Natural Catastrophe Events report from Willis Re, the reinsurance division of Willis Towers Watson (NASDAQ: WLTW), the global advisory, broking and solutions company.

2017 set to be another demanding year for reinsurers: Willis Re 1st View report

Despite the pressures the global reinsurance market is facing, the industry remains on track to close out another profitable year, meaning that pricing stabilization remains a major challenge for (re)insurers, according to the latest 1st View Renewals Report from Willis Re.