Willis Re: Q3’s higher (re)insurance losses bring idea of ‘normal’ cat losses into question

The (re)insurers tracked by Willis Re reported an average combined ratio of 95.8 percent for the first nine months, an improvement from the 99.3 percent in the same period of 2020, while the broker noted Q3 catastrophes have brought the “important theme” of what constitutes ‘normal’ nat cat losses into focus.