Large cat losses to force affect reinsurance strategies
Posted On: Jan. 17, 2019 4:45 AM CST
U.S.-based Willis Re Inc. said that reinsurance buyers are rethinking their strategies and retention levels after the insurance industry recorded more than $200 billion in catastrophe losses in the past two years, Artemis.bm reports. Willis Re said that insurers are likely to make further adjustments to their reinsurance programs as the year progresses.