January reinsurance placements highlight pricing gap: Willis Re
Posted On: Jan. 7, 2019 4:49 AM CSTJames Kent, global CEO of Willis Re, the reinsurance arm of Willis Towers Watson P.L.C., said that the January reinsurance placements have highlighted a pricing gap, Asia Insurance Review reports. The gap is between pricing for accounts with peak peril exposures and/or poor loss records, and those with good loss records and/or non-peak exposures. Meanwhile, European property catastrophe renewals that benefit both from good loss records and a disciplined early renewal process have been able to achieve some risk-adjusted rate reductions.