Willis Re, Willis Towers Watson P.L.C.âs reinsurance business, said Thursday that James Kent will succeed global CEO John Cavanagh when he retires at the end of the December. James has been with Willis for nearly 40 years, joining Willis Re in 1978 as a broker handling Asian Non Marine Treaty business. As Chair for Willis Re International his specific responsibilities include strategy and client development as well as senior client relationship management, particularly in the Japanese market. James Kent, Global CEO of Willis Re, said: â2020 brought vast economic and social disruption to many parts of society. It has been a pleasure to work with John over the past few years to cement Willis Re⦠James KENT joined WILLIS Re in 2004 and has served as the global deputy CEO since December 2016. Others more cautiously suggested time was needed to properly assess the impact of 2017 ⦠James Kent, CEO of Willis Re is positive on what the data shows, saying, âReinsurers and insurers alike must contend with the challenges of low interest rates. Market pricing remains firm at 4/1 despite ample capacity: Willis Re. The rest of this document is only available to i-law.com online subscribers. James Kent, Global CEO, Willis Re January 1, 2021 . 27th January 2021 - Author: Luke Gallin. 2019-09-09T15:50:00. Timothy Gardner - Lockton Re - New York . Capacity for retrocessional covers has been in shorter supply after Insurance-Linked Securities (ILS) capacity growth stalled in the last 12 months and in some cases it reduced, leading to significant rate increases and programme restructuring. James Kent, Global CEO of Willis Re, said: âOther than retro aggregate, some treaty aggregate covers, and liability placements viewed as inadequately priced, most buyers have been able to ⦠ZrozumiaÅym wynikiem tego procesu jest szerokie zróżnicowanie w procesie kwotowania, co zwiÄkszyÅo wyzwanie zwiÄ zane z ustaleniem cen równowaÅ¼Ä cych popyt z podaÅ¼Ä â powiedziaÅ James Kent, prezes Willis Re. James Kent - Co-President, Willis Re; President for Willis Re North America: Kent joined Willis Re in Bermuda in 2004 as Executive Vice President and was instrumental in aligning Willis Reâs Bermuda platform with Willis Reâs global network. Previously James previously was based in New York and had the roles of Deputy CEO and President of Willis Re North America working in conjunction with Jim Bradshaw (CEO of Willis Re North America). James Kent is Global Chief Executive Officer at Willis Re, Inc. View James Kentâs professional profile on Relationship Science, the database of decision makers. âSuch a robust development of the global reinsurance industryâs capital base would have been expected early last year as the COVID pandemic was accelerating,â said James Kent, global CEO of Willis Re. Connecting risk and capital, Willis Re helps the global insurance industry, governments and society at large manage and mitigate extreme risk â from ⦠Willis Re, the reinsurance business of leading global advisory, broking and solutions company Willis Towers Watson (WLTW), has published a COVID-19 Impact Report. He was appointed President of Willis Re North America in 2010, leading ⦠Astro Re 2021-1 : $100m: Mona Lisa Re 2021-1 : $150m: Baldwin Re 2021-1 : $100m: Lion III Re DAC : â¬200m : Wrigley Re 2021-1 : $50m: View all catastrophe bonds. 7th July 2017 - Author: Artemis. Kent joined Willis Re in 2004 and has served as the global deputy CEO since December 2016. Leveraging InsurTech James Kent Global CEO, Willis Re Author: Johnston, Andrew Created Date: 6/15/2020 6:29:56 PM Thankfully strong capital growth in 2019 allied to judicious investment strategies by many companies has put the industry in a good position to weather the current volatile ⦠Total global reinsurance capital stood at US$658 billion at year-end 2020, reflecting 7% year-on-year growth, according to a report by Willis Re. Broker Willis Re has reported that market pricing has remained firm in virtually all classes and territories at the April 1 reinsurance renewals, despite there being no shortage of capacity. Global reinsurance capital up 7% to $658bn in 2020: Willis Re. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Executive Vice President and Chief Analytics Officer, Willis Re North America Email | +1 212 915 8446 Kent joined Willis Re in 2004, and has held the position of Deputy Global CEO since December 2016. Kent, James (1763â1847) legal scholar; born in Southeast, N.Y. A staunch Federalist, he was chosen by John Jay and Alexander Hamilton to be Columbia College's first professor of law (1793â98). But, looking through the turbulence of COVID and nat cat claims, and a declining reliance on reserve releases, there is a clear improving trend in ⦠Reinsurance capital grows by 7% worldwide. Locke Burt - Security First Insurance . James Kent, Global CEO, Willis Re July 1, 2018 . James Kent, global CEO of Willis Re, said: âWith uncertainty on both sides of the balance sheet, a capital squeeze is becoming increasingly likely. Raport â1st View Willis Reâ jest publikowany trzy razy w roku i zawiera konkretne komentarze dotyczÄ ce kluczowych trendów w gÅównych klasach i regionach reasekuracji na Åwiecie. Willis Re Exec: New Capital Driving Seismic Changes. James Kent, CEO of Willis Re is positive on what the data shows, saying, âReinsurers and insurers alike must contend with the challenges of low interest rates. Willis Re 1st View 2 New Normal Emerges Property Commentary grouped by territory Australia Most reinsurers taking a client-by-client approach, with focus on supporting key relationships; historical buying philosophies are being factored in by reinsurers Aon / WTW unveil new Executive Committee for combined entity. Willis Re global CEO James Kent said: âLooking behind the headline figures reveals a positive direction of travel for reinsurers so far this year, with modest but important reductions in non-catastrophe combined and expense ratios. LONDON, Nov. 28, 2016 (GLOBE NEWSWIRE) -- Willis Re, the reinsurance business of leading global advisory, broking and solutions company Willis Towers Watson (NASDAQ:WLTW), today announced the promotion of James Kent â Co-President of Willis Re and President of Willis Re North America â to the position of Global Deputy CEO, Willis Re, with immediate effect. James Kent, global CEO of Willis Re, said the market âlandscape has not seen much changeâ since January 1 and consequently the important ⦠The combined entity is expected to be led by current Willis Re CEO James Kent. Australia Reinsurers were hesitant to quote due James Kent, global chief executive officer at Willis Re, said: âSuch a solid development of the global reinsurance industryâs capital base would hardly have been expected earlier last year, as the COVID pandemic was gathering pace. James is Global CEO of Willis Re having been appointed to this position in January 2018. âThankfully strong capital growth in 2019 allied to judicious investment strategies by many companies has put the industry in a good position to weather the current volatile environment,â he said. As a result, Willis Re said that the 1/1 renewals in January âset the sceneâ for April and so the continuation of trends was not unexpected. It is important to recognise our good fortune as being part of an industry that continues to grow in relevance, and which has the potential to adapt to meet such challenges,â said James Kent, Global Chief Executive Officer of Willis Re. Kent, who currently serves as deputy global CEO of Willis Re, will take over leadership from Cavanagh when he retires from his position in December 2017. James Kent to succeed John Cavanagh at Willis Re James Kent has been appointed chief executive of Willis Re after John Cavanagh announced his retirement. Before the promotion, Kent had been serving as co-president of Willis Re and president of Willis Re North America. It is important to recognise our good fortune as being part of an industry that continues to grow in relevance, and which has the potential to adapt to meet such challenges. James Kent, Willis Reâs global CEO, said the analysis underlines the reinsurance industryâs sensitivity to investment markets. âSuch a solid development of the global reinsurance industryâs capital base would hardly have been expected earlier last year, as the COVID pandemic was gathering pace,â said James Kent, Willis Re global CEO. LONDON, Nov. 28, 2016 -- Willis Re, the reinsurance business of leading global advisory, broking and solutions company Willis Towers Watson , today announced the promotion of James Kent â... | May 21, 2021 Additionally, Willis Re has appointed James Kent and Andrew Newman as co-presidents to succeed Jago in his previous role as president of Willis Re, in addition to their respective roles as president of Willis Re North America and global head of casualty. Richard Parker - Assure Space - Maryland . The most successful insurance-linked securities (ILS) managers will be those that emulate the rated marketâs âpromise to payâ model, Willis Re global CEO James Kent said at an ILS dinner hosted by the broker in London last night. Prior to this, and from 2010, Kent was named President of North America, and he previously ran Willis Reâs Bermuda operations. 12 May 2021; Whiplash portal . Cavanagh has been CEO of Willis Re since 2012. Willis Re Careers. Insurers are now increasingly seeing reinsurance as an effective tool for managing earnings as well as capital as they respond to recent loss activity, according to Willis Reâs Global CEO James Kent. Kent, who currently serves as deputy global CEO of Willis Re, will take over leadership from Cavanagh when he retires from his position in December 2017. Willis Res analysis provides clear evidence of the strength and resilience of ⦠July 06, 2017. Willis Re 1st View January 1, 2021 3 Property Commentary grouped by territory Asia ASEAN buyers saw flat to low single digit risk adjusted rate increases for loss free renewals. New ⦠A long-standing member of Willis Reâs global leadership team, Kent will retain his role as President of Willis Re North America and continue towork in New York alongside Willis Re North America CEO, Jim Bradshaw, to drive sales and growth efforts, produce business and maintain market and client relationships in the region, which has seen 50 percent market share growth over the past five years and now represents Willis Re⦠On the impact of Covid-19 more generally, Kent reiterated that Willis Towers Watsonâs worst-case scenario pandemic loss of $140bn would only come about if ⦠âThe market landscape has not seen much change since January 1 and consequently the important April 1 renewals saw more of the same between reinsurers and their customers,â Global CEO James Kent said. For protection gaps, the key issue remains demand: Vickers, Willis Re. James Kent has been promoted to global deputy CEO of Willis Re. LONDON, Nov. 28, 2016 -- Willis Re, the reinsurance business of leading global advisory, broking and solutions company Willis Towers Watson , today announced the promotion of James⦠Willis Re has appointed James Kent as CEO of the reinsurance broker, succeeding John Cavanagh. However, the proposed appointment of James Kent, CEO of Willis Re, as deputy CEO of the combined companyâs reinsurance operation, suggests that Aon believes the divestiture will not be ⦠However, the proposed appointment of James Kent, CEO of Willis Re, as deputy CEO of the combined companyâs reinsurance operation, suggests that Aon believes the divestiture will not be necessary. Joining Mr Case on the Aon Executive Committee will be: Total global reinsurance capital stood at US$658 billion at year-end 2020, reflecting 7% year-on-year growth, according to a report by Willis Re. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support According to Willis Reâs 1 ⦠1st April 2021 - Author: Matt Sheehan. Register to be notified of new A.M. BestTV episodes. James Kent, Global CEO, Willis Re, commented, âSuch a strong development of the international reinsurance markets capital base would barely have been anticipated previously last year, as the COVID pandemic was collecting speed. According to the international reinsurance brokerageâs Reinsurance Market Report, the increase was driven primarily by strong investment market appreciation. James Kent, Global CEO of Willis Re, said in a press release that following the vast economic and social disruption in 2020, it was important to ⦠While the report states that this is entirely due to COVID loss reserving, it notes that on an underlying basis the combined ratio actually improved from 103.1% to 100.7%. Commenting on his new role, Kent said; â I am honored to have this opportunity to lead Willis Re. Buyers see greater value in reinsurance: Willis Re CEO. John Cavanagh will retire from his role as the CEO of reinsurance broker Willis Re at the end of 2017 and the company has announced that James Kent⦠Willis Re provides a multitude of exciting career opportunities for talented and driven individuals. "Such a solid development of the global reinsurance industry's capital base would hardly have been expected earlier last year, as the COVID-19 pandemic was gathering pace," James Kent, global CEO of Willis Re, said in a statement. Wakefield was originally appointed to work as managing director of the reinsurance business last summer, prior to the Willis Re deal. James Kent, Global CEO, Willis Re, said: âOverall shareholders equity figures for the Index suffered a negative impact due to unrealised investment losses, owing to external factors largely beyond the control of risk carriers, as well as shareholder buy backs and dividends. Kent, who is the unitâs deputy global CEO, takes over after Cavanagh retires in December. Tim Ronda - Aon - New York } Learn what 25 years public and 48 years of history means to our Clients . âOverall it remains a functional and logical reinsurance market with preferred pricing and capacity for cedants viewed as superior partners.â He was appointed to the additional role of Co-President, Willis Re⦠It is necessary to identify our good luck as being part of a market that continues to grow in significance, and which has the possible to adjust to satisfy such obstacles,â stated James Kent, Global Chief Executive Officer of Willis Re. James Kent, Willis Reâs global CEO, said the analysis underlines the reinsurance industryâs sensitivity to investment markets. According to James Kent, president, Willis Re North America, the influx of new capital into the reinsurance market has created more change in the past three to five years than in all prior years. Willis Re, the reinsurance business of Willis Towers Watson Plc, named James Kent chief executive, succeeding John Cavanagh. Dramatic shift in reinsurance M&A trends, says Willis Re CEO Kent 5th April 2018 - Author: Matt Sheehan In the companyâs latest reinsurance renewals report, Willis Reâs Chief Executive Officer (CEO), James Kent, observed a dynamic change in reinsurance mergers and acquisitions (M&A) activity as large primary carriers re ⦠Willis Reâs analysis provides clear evidence of the strength and resilience of reinsurance ⦠As part of the Willis Re transaction, he was released early from Aon, where he had risen to become global ⦠Following a successful tenure leading Willis Reâs Bermuda office, in 2010, Kent was appointed President of Willis Re North America, moving to New York to work alongside Willis Re North America CEO, Jim Bradshaw, and Willis Re North America Chairman, Paddy Jago. Pay Rank By Title In Insurance industry; John Haley CEO: Total Compensation $18,510,716 View details: Pay Rank By Title In Insurance industry #7 View more Ahead of the proposed combination of global insurance and reinsurance brokerages, Aon and Willis Towers Watson (WTW), the companies have announced the new leadership team, led by Greg Case as Chief Executive Officer (CEO). According to the international reinsurance brokerageâs Reinsurance Market Report, the increase was driven primarily by strong investment market appreciation. "Willis Re's analysis provides clear evidence of the strength and resilience of ⦠Willis Re has announced that James Kent will succeed John Cavanagh as global CEO. âThe Willis Re analysis provides clear evidence of the strength and sustainability of the reinsurance ⦠New capital raised both by incumbents and new entrants contributed to the total, but [â¦] Tony is an Associate of the Chartered Institute of Insurance and a Chartered Insurance Practitioner. James has been with Willis for nearly 40 years, joining Willis Re in 1978 as a broker handling Asian Non Marine Treaty business. The combined entity is expected to be led by current Willis Re CEO James Kent. Willis Re, the reinsurance division of Willis Towers Watson, a leading global advisory, broking and solutions company (NASDAQ:WLTW), announced today the appointment of David Gregori as Head of Agriculture for Asia Pacific and the set-up of its Agriculture team for the region. Earlier in his career, he spent 13 years with AON Re (now AON Benfield). Willis Towers Watson chief to get £17 million pay-off - report Willis Towers Watson announces leadership shakeup Willis Towers Watson president, deputy CEO to leave firm â2020 brought vast economic and social disruption to many parts of society. When it comes to closing much-discussed protection gaps the insurance and reinsurance industry cannot work alone and must partner with other organisations to help to increase demand for protection, according to James Vickers of Willis Re. James KENT, Global CEO, Willis Re, said: "In the immediate aftermath of the 2017 catastrophe losses, many observers felt the measured reaction of the reinsurance market was a clear sign of a changing structure and maturity. Willis Reâs analysis provides clear evidence of the strength and resilience of reinsurance market capacity. However, the proposed appointment of James Kent, CEO of Willis Re, as deputy CEO of the combined companyâs reinsurance operation, suggests that Aon believes the divestiture will not be necessary. James joined Willis Re in 2004 from Aon Re (now Aon Benfield), where he served as Director for 13 years, producing and placing Property and Casualty treaty business. During his final two-and-a-half years at Aon, James served as Vice President of Aon Re of Bermuda. It is important to recognise our good fortune as being part of an industry that continues to grow in relevance, and which has ⦠â2020 brought large financial and social disturbance to numerous parts of society. So-called âPandemic Re,â which was first ... Aon); James Nash (CEO, International, Guy Carpenter), and James Kent (CEO Willis Re). James Kent, Global CEO of Willis Re, said: â2020 brought vast economic and social disruption to many parts of society. It is important to recognise our good fortune as being part of an industry that continues to grow in relevance, and which has ⦠Based in London, he is responsible for leading Willis Reâs worldwide operation. Total global reinsurance capital stood at US$658 billion at year-end 2020, reflecting 7% year-on-year growth, according to a report by Willis Re. James Kent, global CEO, Willis Re, said: âThis analysis demonstrates how sensitive the global reinsurance capital base is to investment markets. He was appointed President of North America in 2010, and before this ran the WILLIS Re Bermuda operations. James Kent, Global CEO of Willis Re, said: âThe global reinsurance market was not capital-constrained during the recent renewals, but has shown a greater level of prudence with an increased focus on underwriting profitability. Willis Reâs analysis of 17 reinsurers found a deterioration to the subsetâs reported combined ratio, from 100.6% in 2019 to 104.1% in 2020. Willis Re famous that that is the primary full-year enchancment on this ratio since a minimum of 2014. Willis Re Global CEO James Kent noted that almost all buyers were able to secure the capacity they sought at 1 June and 1 July. âWillis Reâs analysis provides clear evidence of the strength and resilience of reinsurance market ⦠12th April 2021 - Author: Charlie Wood 10th September 2019. James Kent, Global CEO of Willis Re, explained, â2020 brought vast economic and social disruption to many parts of society. Kent will remain based in New York, while Newman will be based ⦠James Kent Global CEO, Willis Re. July 6 (Reuters) - Willis Re, the reinsurance business of Willis Towers Watson Plc, named James Kent chief executive, succeeding John Cavanagh. James Kent - Co-President, Willis Re; President for Willis Re North America: Kent joined Willis Re in Bermuda in 2004 as Executive Vice President and was instrumental in aligning Willis Reâs Bermuda platform with Willis Reâs global network. James Kent - Willis Re - London . While, âmarket pricing remains firm in virtually all classes and territories,â according to James Kent, Global CEO of Willis Re, he also explained that momentum has ⦠In 1798 he was appointed to the New York State Supreme Court and rose to become its chief justice (1804â14). ... Gallagher to pay $3.57bn for WTW assets including Willis Re. James Kent, Global CEO of Willis Re, commented, âOverall it remains a functional and logical reinsurance market with preferred pricing and capacity for cedants viewed as superior partners. James Kent, global chief executive officer at Willis Re, said: âSuch a solid development of the global reinsurance industryâs capital base would hardly have been expected earlier last year, as the COVID pandemic was gathering pace.
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