Willis Re Reinsurance Market Report: Results for half-year 2019
Total reinsurance dedicated capital increases 8%
London, UK (Sept. 4, 2019) – Global reinsurance dedicated capital totaled USD 559 billion at half-year 2019. This is a robust 8% increase from a re-stated USD 518 billion at year-end 2018 according to Willis Re’s Reinsurance Market Report.
Now in its fifth year, the report provides in-depth analysis of the size and performance of the reinsurance industry, based on the Willis Reinsurance Index group of companies.
- Total capital dedicated to the global reinsurance industry measured USD 559 billion at the half-year point of 2019.
- This is an 8% increase from a re-stated USD 518 billion at year-end 2018, with strong investment markets being the main driver of the industry’s capital growth.
- For the subset of reinsurers who provide sufficient disclosure, the HY 2019 RoE jumped to 13.9% from 8.5% in HY 2018, driven by strong investment gains.
- Normalising this figure for natural catastrophes and stripping out reserve releases and realised gains, the underlying RoE is 4.2% compared to 3.3% calculated on a similar basis for HY 2018.
The complete report is available for download from Willis Towers Watson.
The Willis Re Reinsurance Market Report is a half yearly publication providing an aggregate analysis of the size and performance of the global reinsurance market. The report is based on the Willis Reinsurance Index group of reinsurance companies from across the globe.
About Willis Re
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.
About Willis Towers Watson
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 45,000 employees serving more than 140 countries and markets. We design and deliver solutions that manage risk, optimize 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.
SOURCE: Willis Towers Watson
Tags: reinsurance, report, Willis Re Read the original article at Insurance-Canada.ca