A principal driver of the lower underlying RoE was the subset’s combined ratio. The reported combined ratio increased from 99.2% to 100.6%. On an underlying basis, ie, normalising catastrophe losses and excluding prior year reserve development, it rose from 102.3% in 2018 to 103.1%. This metric has also been increasing every year going back to 2013.<\/p>\n
James Kent, global CEO, Willis Re, said: “This analysis demonstrates how sensitive the global reinsurance capital base is to investment markets. Thankfully strong capital growth in 2019 allied to judicious investment strategies by many companies has put the industry in a good position to weather the current volatile environment. At the same time, the analysis demonstrates that underlying profitability remains a core focus for reinsurers resulting in rate increases across many lines of business, to support the pricing momentum on loss impacted lines that started in some cases in mid-2018.”<\/p>\n
The Willis Re Reinsurance Market Report is a biannual publication providing in-depth analysis of the size and performance of the reinsurance market. Analysis is based on the Willis Reinsurance Index group of companies. In 2019 the index included 39 companies from across the globe.<\/p>\n
About Willis Re<\/strong><\/p>\n One of the world’s leading reinsurance brokers, Willis Re is known for its world-class analytics capabilities, which it combines with its reinsurance expertise in a seamless, integrated offering that can help clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world’s top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker’s global team of experts offers services and advice that can help clients make better reinsurance decisions and negotiate optimum terms. For more information, visit willisre.com.<\/p>\n About Willis Towers Watson<\/strong><\/p>\n Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has over 45,000 employees serving more than 140 countries and markets. We design and deliver solutions that manage risk, optimise benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com<\/p>\n Contacts:<\/strong><\/p>\n Media<\/strong><\/p>\n Annie Roberts: +44 20 3124 7080 | annie.roberts@willistowerswatson.com<\/p>\n Investors<\/strong><\/p>\n Rich Keefe: +1 215 246 3961 | rich.keefe@willistowerswatson.com<\/p>\n Tags:<\/b> Rich Keefe: +1 215 246 3961 |\u00a0rich.keefe@willistowerswatson.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Total capital dedicated to the global reinsurance industry measured US$605 billion at year-end 2019, reflecting robust 15% year-on-year growth. This was primarily driven by 2019’s strong investment market performance and was achieved despite a 3% contraction in alternative capital, according to the latest Reinsurance Market Report from Willis Re, the reinsurance business of leading global advisory, broking … Continue reading Global reinsurers grew capital robustly in 2019, although underlying returns remain low: Willis Re<\/span><\/a> Continue Reading
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Rich Keefe: +1 215 246 3961 |rich.keefe@willistowerswatson.com<\/p>\n
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