Willis Towers Watson

Cat bond pricing volatility in the first half of the year meant that some cedants didn’t want to risk entering the market, the Willis executive told Trading Risk.

Natural catastrophes accounted for 2.6 percentage points of the average reported combined ratio of global reinsurers in the first half of the year.

UK pension funds are acting quickly to get longevity swaps over the line by the 31 October Brexit deadline.

ILS funds anticipate capacity expanding by more than 10 percent over the next five years.

The executive will move back to broking after nearly two years at Axis Capital.

The streak of tornadoes in the US this May means 2019 is set to have highest level of activity since 2011 but the impact on (re)insurers will be offset by lower than average hail events.

Andrew Souter will be responsible for capital and reinsurance purchasing functions within the MGA.

The research found that commercial insurance prices rose by just over 2 percent in aggregate in Q1.

After two years of volatility it’s not surprising to see reports that are urging the ILS market to find more harmonisation and standardisation.

Standardising valuation practices is moving at a relatively slow pace, but speeding harmonisation up could spur substantial growth, the broker argued.

The broker has predicted rates rises of at least 15 percent for loss affected cat business.

The total capital in the global reinsurance industry was down 5 percent to $462bn at the end of 2018, according to the broker.