Latest Breaking News On - Willis re international - Page 1 : comparemela.com
Global Cyber Reinsurance Rates Soar by as Much as 40% During July Renewals: Willis Re
insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.
Willis Towers Watson Public : Cyber reinsurance rates rocket at July renewals - Willis Re
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Cyber Reinsurance Rates Rocket at July Renewals -Willis Re
claimsjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from claimsjournal.com Daily Mail and Mail on Sunday newspapers.
Suez blockage may lead to large reinsurance claims, broker Willis Re says Toggle share menu
Advertisement
Suez blockage may lead to large reinsurance claims, broker Willis Re says The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters.
FILE PHOTO: A view shows Ever Given container ship in Suez Canal in this Maxar Technologies satellite image taken on March 29, 2021. Satellite image ©2021 Maxar Technologies/Handout via REUTERS
01 Apr 2021 04:15PM (Updated:
01 Apr 2021 05:05PM) Share this content
Bookmark
LONDON: The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters.
Share this article
by Carolyn Cohn (Reuters) – The recent blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters.
The incident and its impact on hundreds of ships delayed in the canal would be a “large loss” for insurance market Lloyd’s of London, its chairman Bruce Carnegie-Brown said this week, while Fitch Ratings said global reinsurers were likely to face hundreds of millions of euros of claims.
Vickers also said reinsurance losses were “not going to be a small amount of money”. The blockage was the latest in a growing number of man-made disasters leading to reinsurance losses, on top of a list of natural catastrophes in the past year, he said.