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Willis Re’s Vickers: Reinsurance rates will not ‘fall off a cliff’

Reinsurance rate increases are tapering off, but the recent influx of capacity will not cause pricing to “fall off a cliff” thanks to continuing market discipline, according to Willis Re’s James Vickers.

Rachel Dalton, 01 July 2021
Southern Fidelity’s reinsurance failure impacted by 2021 loss handling

The insurer reclassified some Hurricane Ida claims as storm Nicholas losses, producing an overweight loss for the second event.

Fiona Robertson, 22 June 2022
The Week in 90 Seconds: Sompo M&A, AI progress, Howden US reactions

Plus, the latest people moves and all the top news of the week.

Abbie Day, 22 August 2025
Sompo’s acquisition of Aspen in five graphics

The Japanese company announced the $3.5bn deal today, three months after the Bermudian completed its IPO.

Ben Wylie, 27 August 2025
IGI’s Q3 operating income more than doubles

IGI has reported third-quarter core operating income of $15.4mn, a 140.6% increase year on year, as net earned premiums grew and claims and expenses fell.

Rachel Dalton, 12 November 2021
FSCS not to levy further in 2021-22 as failures lower than expected

The Financial Services Compensation Scheme (FSCS) has confirmed it will not be calling for a supplementary levy for the remainder of the 2021-22 financial year.

Samuel Casey, 11 November 2021
The post-Zoom rebound: (Re)insurers look forward to business travel, just less of it

Most survey respondents want to travel no more than once every two months for work.

Fiona Robertson, 18 August 2021
Renewable energy and power market fears $100mn Californian battery claim

Challenging loss activity for battery storage projects has led to a capacity contraction in the sub-sector.

Samuel Casey, 08 June 2022
Aon hit by cyberattack, expects limited impact

Following the cyber incident, the broker launched an investigation with the support of third-party advisers, incident response professionals and counsel.

Jairo Ibarra, 28 February 2022
More than 150,000 without power in six US states after tornadoes

President Joe Biden has authorised an emergency declaration for Kentucky over the weekend.

Luke Harrison, 13 December 2021

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