Willis Re launches $400 million global facility to tackle catastrophic casualty loss

Willis Re has established a unique syndicated reinsurance facility providing the broadest protection available for insurers against catastrophic and systemic loss accumulations arising from liability portfolios. Named PRIMO, the facility responds to increasing concern around accumulation and systemic risk.

Market pressures intensify as reinsurance capital reaches $425 billion

The newly-launched Willis Reinsurance Index highlights unprecedented capital levels and reinsurer RoEs under strain. Global capital dedicated to reinsurance continues to exacerbate the challenge of oversupply, placing further pressure on already weak rating conditions for the remainder of 2015.

Reinsurance cycle under extreme strain; ILS funds also not immune from challenges

The latest Willis Re “1st View” renewals report highlights the urgent - and ever increasing - need for change across the reinsurance industry as it forms a new paradigm.