Willis reports on liability reinsurance market

Willis has produced its latest reinsurance review and forecast, entitled “Willis Re-View as @ 1.1.2006.” In the section on “Casualty (International) General Third Party & Employers’ Liability”, Willis said: “Some reinsurers have been very concerned to control their exposure to terrorism within International Liability Classes, almost regardless of the actual risk involved. The experience of the London attacks of 7 July, none of which have produced any Employers, Public or Products liability claims yet, has not done enough to bring some common sense to the treatment of this issue. However, it is encouraging to see that a number of insurers and reinsurers have realized that terrorism might well be of only very minor concern under EL and PL within the European arena.”