Despite that, reinsurers achieved 'exceptionally strong' premium growth of 15 percent during H1 2021.
Guy Carpenter has appointed a re/insurance industry veteran to take on a major role in the Asia Pacific region.
Patrick Gallagher is 'very impressed' with Willis' professionals, and WTW CEO Haley is 'excited' to re-enter the deal.
CEO John Haley says 'appropriate time to consider strategic alternatives for Willis Re'.
Analysts believe the insurtechs that bring a truly differentiated business approach will thrive, others will fall away over time.
“Gallagher had been set to reposition itself as one of the leading reinsurance brokers in the market.”
The broker seeks to capitalise on the expanding opportunities in this sector.
The broker has created a new dedicated renewables team as it seeks to grow in this key specialist area.
13 members of the Belgian marine market have signed up to use the Lloyd's-approved digital e-trading risk platform to gain efficiencies.
Although reinsurance rate increases are seen across most major lines and territories during the recent renewals.