COVID-19 not a capital event for reinsurance industry: Willis Re

09-09-2020

Willis Re's half-year analysis shows that the global reinsurance capital declined only modestly in the first six months of 2020, while COVID-19 has not been a capital event for the industry. The total capital dedicated to the global reinsurance industry was $587 billion at 30 June 2020, reflecting a 3 percent decline since year-end 2019, according to the latest reinsurance market report. Willis Re, however, noted that the half-year figure masks an approximate fall of 30 percent up to late-March, following the impact of COVID-19 on investment markets. But that deficit was largely restored in the following months. It said that the total capital remains 12 percent higher than at the end of 2018, suggesting that, based on current investment market levels, COVID-19 has...


Willis Re, Coronavirus, Insurance, Reinsurance, Global reinsurance capital, James Kent, North America

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