Five-year average cat impact on CoRs to continue rising in 2021: Willis Re
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Five-year average cat impact on CoRs to continue rising in 2021: Willis Re

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The five-year moving average impact of cat events on reinsurers’ combined ratios rose from 6% in 2017 to 9% in 2020 and is likely to “move up again” this year, according to Willis Re.

In a note exploring reinsurance trends during the first nine months of this year, the intermediary said most reinsurers in the scope of its research were likely to declare 2021 an above-normal cat year.

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