HVRRF - Divergent January Renewal Ends Late But Some ILS Funds Grow: Willis Re
The January 1st, 2020, reinsurance renewal saw markets diverge, leading to wide variances in pricing and capacity across geographies and lines, while judicious reinsurers applied greater importance on relationships.
As a result, the January renewal season concluded later than in recent years, according to Willis Re, the reinsurance broking arm of Willis Towers Watson.
But there was, as expected, some considerable firming in certain areas of the market, and the broker also reports that a number of better-positioned ILS funds were able to increase their available capital slightly to take advantage of opportunities.
The renewal