September 16, 2014 8:05 PM ET

Insurance

Company Overview of Willis Re Inc.

Company Overview

Willis Re Inc. provides reinsurance brokerage and advisory services to insurance and reinsurance carriers, as well as national catastrophe schemes in various countries around the world. The company offers risk financing and structuring services in the areas of aerospace, engineering and construction, facultative, healthcare, life solutions, marine, motor, retrocession and non-marine LMX, specialty casualty, and surety and fidelity, as well as credit, international surety, and political risk; and life, accident, and health. It also provides analytics, and accounting and client claims services. The company was formerly known as Willis Faber North America Inc. and changed its name to Willis Re ...

Brookfield Place

200 Liberty Street

3rd Floor

New York, NY 10281

United States

Founded in 1956

Phone:

212-915-7600

Fax:

212-820-7690

Key Executives for Willis Re Inc.

Chief Executive Officer
President
Chief Operating Officer
Chief Executive Officer of Willis Re International Business
Chief Executive Officer of Willis North America Operations
Compensation as of Fiscal Year 2014.

Willis Re Inc. Key Developments

Willis Re Appoints Greg Solomon as Regional Director, Head of Life & Health in Asia-Pacific, Middle East, Turkey and Africa

Willis Group Holdings has announced the recruitment of Greg Solomon to Willis Re. Solomon has been appointed Regional Director, Head of Life & Health in Asia-Pacific, Middle East, Turkey and Africa. He will be based in Hong Kong and will begin leading the APMETA Life & Health team as of May 1, 2014. Prior to joining Willis Re, Solomon spent 21 years with Swiss Re in various roles in different countries, previously running its global reinsurance capital management team out of London, and most recently as Head of Life & Health Clients in Hong Kong, Taiwan & South East Asia.

Willis Re Inc. and Valen Technologies to Provide Homeowners Carriers the Latest in Predictive Analytics with PropertyRight

Valen Technologies, Inc. and Willis Re Inc. announced the latest in joint marketing efforts. Already partners on predictive analytics solutions for workers' compensation insurers, the two companies will now join forces to provide homeowners carriers the latest predictive analytics solution, PropertyRight. PropertyRight enables homeowners carriers to use predictive scores to quote policies online and in real-time, improving their ability to make more effective and valuable decisions about properties that justify underwriting resources for a detailed policy review. PropertyRight is a set of highly predictive models that identify potentially problematic policies and presents carriers with an insurance-to-value (ITV) score, a condition and liability hazard score, and an optional inspection type recommendation. This policy-level information is calibrated to a carrier's book of business and allows a carrier to leverage valuable data in order to focus underwriting resources and make accurate decisions, helping to lower loss ratios and treaty reinsurance costs, while correcting ITV deficiencies. Valen delivers a transaction response time of less than one second, allowing its customers to seamlessly integrate PropertyRight's real-time predictive analytic power directly into a carrier's point-of-sale web applications, enhancing a carrier's customer service and quote accuracy. A top five carrier is amongst the first to take advantage of this vanguard solution, which better informs carriers on how to underwrite the homes they insure. In six months, Valen has scored nearly 1.5 million policies with a current run rate of over 12,000 policies per day.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 11, 2014
SurePoint Reinsurance Advisors, LLC
 

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