Willis Towers Watson

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.

Willis Towers Watson put the increase at 4 percent whereas the CIAB reported a 2.9 percent uptick.

Irish regulations required an early announcement from the firm that it had considered a deal.

A deal would take the combined entity to the top spot by (re)insurance broking business revenue.

Preliminary talks have been held, Bloomberg reported.

People moves in the industry in the past month.

If the ILS market is all about convergence, is it still a worthwhile task to try to create dividing lines within the market, or is a movable border a better representation of messy reality?

He moves across from the broker’s former securities division.

The EUR90mn Italian multi-peril cat bond from Unipol will only be partly placed in the cat bond market, sources said.

The JLT index is below levels recorded in 2016 and around 30 percent below 2013 benchmarks.