Willis Re 1st View : firming landscape

<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/MARC21/slim http://www.loc.gov/standards/marcxml/schema/MARC21slim.xsd">
  <record>
    <leader>00000cam a22000004b 4500</leader>
    <controlfield tag="001">MAP20210000300</controlfield>
    <controlfield tag="003">MAP</controlfield>
    <controlfield tag="005">20210111084530.0</controlfield>
    <controlfield tag="008">181004e20210101gbr||||       ||| ||eng d</controlfield>
    <datafield tag="040" ind1=" " ind2=" ">
      <subfield code="a">MAP</subfield>
      <subfield code="b">spa</subfield>
      <subfield code="d">MAP</subfield>
    </datafield>
    <datafield tag="084" ind1=" " ind2=" ">
      <subfield code="a">5</subfield>
    </datafield>
    <datafield tag="245" ind1="1" ind2="0">
      <subfield code="a">Willis Re 1st View</subfield>
      <subfield code="b">: firming landscape</subfield>
    </datafield>
    <datafield tag="260" ind1=" " ind2=" ">
      <subfield code="a">London</subfield>
      <subfield code="b">Willis Re</subfield>
      <subfield code="c">2021</subfield>
    </datafield>
    <datafield tag="300" ind1=" " ind2=" ">
      <subfield code="a">28 p.</subfield>
    </datafield>
    <datafield tag="490" ind1="0" ind2=" ">
      <subfield code="a">1st View</subfield>
      <subfield code="v">January 1, 2021</subfield>
    </datafield>
    <datafield tag="520" ind1=" " ind2=" ">
      <subfield code="a">The market approached the 1st January renewal season with a sense of apprehension from buyers and a sense of opportunity from reinsurers, influencing a number of capital raises both from existing and new reinsurers. Poor underwriting results driven by elevated levels of natural catastrophe losses and prior year development on liability lines, compounded by further reductions in interest rates and emerging COVID-19 losses, all pointed towards reinsurers being able to drive higher prices and improved terms. Buyers were quick to highlight that while some lines of business and territories have shown poor results, other areas have generated consistent profitable returns for reinsurers. The global reinsurance capital base also rapidly recovered during 2020 from a combination of improving investment markets, retained earnings and new capital, ending up 3% higher than year-end 2019. This increase in supply of capital gave buyers hope that they would not be facing a truly hard market but more of a firming landscape.</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080552367</subfield>
      <subfield code="a">Reaseguro</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080602529</subfield>
      <subfield code="a">Mercado de reaseguros</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080605957</subfield>
      <subfield code="a">Empresas de reaseguros</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080596606</subfield>
      <subfield code="a">Evolución del seguro</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080611880</subfield>
      <subfield code="a">Perspectivas del seguro</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080563974</subfield>
      <subfield code="a">Rentabilidad</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20200005599</subfield>
      <subfield code="a">COVID-19</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080552022</subfield>
      <subfield code="a">Pandemias</subfield>
    </datafield>
    <datafield tag="710" ind1="2" ind2=" ">
      <subfield code="0">MAPA20100001219</subfield>
      <subfield code="a">Willis Re</subfield>
    </datafield>
  </record>
</collection>