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The entry of new investors like hedge funds into the reinsurance market is likely to keep prices mostly flat when European customers renew policies in January, despite the industry's losses from superstorm Sandy, broker Willis Re said.

Despite the high winds recorded from Superstorm Sandy, actual wind damage from the storm was surprisingly minor, a report from reinsurance broker Willis Re says.

AmWINS Partners with New Mountain Capital; New Programs Introduced at Ironshore, CNA and PHLY; The Hartford Offers Electric Vehicle Discount; OneBeacon Introduces Program Group

Burns & Wilcox opens Canada office

Austin Mutual Joins Main Street America

Fisher Brown joins LexisNexis Exchange, TDECU acquires Assurance and Burridge

Willis Re, the reinsurance arm of Willis Group Holdings, says it named Tony Melia as chief executive officer of Willis Re International.

John Cavanagh was named chief executive officer of Willis Re, the reinsurance broking arm of Willis Group Holdings, the firm announced today.