Liability Risk and Insurance
Willis reports on reinsurance market
A study by
Willis into the global reinsurance market has revealed that long-tail classes remain difficult with increasing pressure both on
rates and conditions. ‘Unfortunately, the worsening development of earlier underwriting years continues to plague long-tail
classes, with asbestos and the often reported poor results of the late 1990s, leading to under-reserving issues,’ says the
study.