Reinsurance market report : results for half-year 2020
<?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">MAP20200029540</controlfield>
<controlfield tag="003">MAP</controlfield>
<controlfield tag="005">20200923122652.0</controlfield>
<controlfield tag="008">181004s2020 gbr|||| ||| ||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">Reinsurance market report</subfield>
<subfield code="b">: results for half-year 2020</subfield>
</datafield>
<datafield tag="260" ind1=" " ind2=" ">
<subfield code="a">London</subfield>
<subfield code="b">Willis Re</subfield>
<subfield code="c">2020</subfield>
</datafield>
<datafield tag="300" ind1=" " ind2=" ">
<subfield code="a">28 p.</subfield>
</datafield>
<datafield tag="520" ind1=" " ind2=" ">
<subfield code="a">Welcome to the 12 semi -annual publication of Willis Re's Reinsurance market report which tracks the capital and profitability of the global reinsurance industry. The most visible features of global reinsurers' 2020 HY operating performance and capitalisation have been the gradual emergence of COVID-19 losses and tremendous volatil ity in investment markets. Less visible, but as important, is the sector's continuing low level of underlying profitability. Taking the first six months of the year as a whole, the impact on reinsurers' capital has been fairly modest we calculate that global reinsurance dedicated capital fell 3% in the first half of 2020 to USD 587B. This masks, however, a significantly contrasting picture bet ween the first and second quarter. In late-March, with investment markets tumbling, we had roughly calculated a 30% hit to the global reinsurance capital position. The strong recovery of investment markets in Q2, however, largely restored that deficit. Moreover, the industry's capital base is stil l 12% higher than at the end of 2018 (on a restated basis). This suggests, based on current investment market levels, that COVID19 is not a capital event for the industry.</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>