Willis Re News

Willis Re: Several Catastrophes Led to Average Insured Losses in 2018

Insured losses from major natural catastrophes in 2018 totaled roughly $71.5 billion, only slightly more than the annual average since 2011 but the third-highest total during the eight-year period, according to the Summary of Natural Catastrophe Events 2018 report, published …

People News: BSA, Willis Re, Norman-Spencer Agency

Brentwood Services Administrators Inc. Hires Greene as Senior Claim Representative in Georgia Office Brentwood Services Administrators Inc. recently hired Stephanie Greene as a senior claim representative in the DeKalb County office in Stone Mountain, Ga., according to Jeff Pettus, president …

Willis Re Sees No Rate Increases for Jan. 1 Renewals Despite Sandy

According to Willis Re’s Jan. 1 renewal report, 2012 natural catastrophe losses are estimated to be 50 percent less than last year’s losses of $120 billion and as a result “most reinsurers are not facing any material capital impact and …

Report: Downward Trend in UK Large Motor Claims Continues

UK motor insurance premiums have continued to rise in 2011, with some drivers facing price increases of up to 50 percent. At the same time, the fall in the number of deaths and serious injuries on British roads has resulted …