Blogger Archives: Keith Riley

Keith Riley

Keith Riley is Divisional Director in Willis Re's Asia Pacific, Middle East, Turkey and Africa team. Keith’s reinsurance career began in 1973, and he has followed the changing regulations of reinsurance markets around the world ever since. Keith has published a reinsurance textbook “Reinsurance: The Nuts and Bolts,” now in its 3rd Edition, and published in Portuguese by the Brazilian National Insurance School Funenseg. Keith joined Willis Re in the summer of 2012 and has recently delivered a series of lectures on behalf of the Chartered Insurance Institute in London.  He regularly delivers lectures for the Willis RTP, as well as internal training courses.

Gap Covers – Gone Forever?

the gap

Ideas and concepts rarely ever die, but get reinvented and reused from time to time. But I think I may have found a candidate for the graveyard. Surely gap covers could never return, could they? I doubt that anybody has … Continue reading →

Video: How Reinsurance Training has Developed

Keith Riley video

Recently I spoke with Richard Mackillican, Communications Director for Willis Re, about the Reinsurance Training Programme and how the industry has changed since I joined over 40 years ago. Continue reading →

Excess of Loss Reinsurance: Per-Risk Contracts

In my previous blog in this series we explored the rationale behind excess of loss rating by looking at a facultative excess of loss placement.  Now I want to move to the other side of the family tree and look … Continue reading →

Another Level of Protection: What is a Reinsurance Treaty?

Just about all insurers, whether they are companies, Lloyd’s syndicates or mutual associations, need reinsurance. It protects the insurer’s capital base against the adverse effects of large individual losses or irregular loss patterns such as may be caused by natural … Continue reading →

Dealing With the Big Stuff: Excess of Loss Reinsurance

A reinsurance contract can protect an insurer’s balance sheet against abnormal fluctuations in results that may be caused by large individual claims or by larger numbers of smaller claims that occur as a result of a catastrophe or other unforeseen circumstances.  … Continue reading →

Clean-cut Reinsurance Treaties

When I began working in reinsurance 40 years ago, proportional treaty reinsurance was far more widespread than it is today and in fact formed the backbone of the reinsurance broker’s business. While excess of loss contracts were routinely placed, it … Continue reading →

Excess of Loss Reinsurance Contracts: LOD or RAD Basis?

When it comes to expressing the period applicable to an excess of loss reinsurance contract, there are two common ways of defining which losses fall within the contract period. Continue reading →

Profit Commission in Proportional Treaties

Proportional reinsurance treaties can be quite complicated animals when it comes to handling their financial aspects.  While the processing of the accounts is now largely a mechanical process, understanding what they actually mean is far harder.  A case in point … Continue reading →

Alternatives to Burning Cost Rated Contracts

In one of my previous blogs I explained that certain types of contracts may be rated on a burning cost basis, where the final contract premium can only be calculated when the contract has expired and the losses to it … Continue reading →

An Evolution of Reinsurance

WillisWire Podcasts

In the latest Willis Wire podcast I talk to Richard Mackillican, Communications Director of Willis Re, about how the reinsurance industry has evolved since I joined several years ago. http://blog.willis.com/wp-content/uploads/2013/08/Willis-Re-Podcast-1.mp3 Podcast: Play in new window | Download (Duration: 7:55 — … Continue reading →