Reinsurance News
A.M. Best news
News featuring rating agency A.M. Best, including the latest reports, rating actions and analysis from the company, as well as news on A.M. Best’s analysis of the reinsurance sector.
Nasdaq issues delisting warning to Maiden Holdings as challenges hit share price
23rd April 2019
The Nasdaq has issued a statement to Maiden Holdings, Ltd. informing the reinsurer that the bid price of its common stock had closed below the required minimum $1 per share for 30 consecutive days, notifying the firm that is has 180 calendar days to regain compliance with the rule. Specifically, on ... Read the full article
National nat cat scheme improves the resilience of french non-life sector, says A.M. Best
16th April 2019
The resilience of France's non-life insurance sector to recent adverse weather events is mostly a result of the country's natural catastrophe scheme, says A.M. Best. Global financial services ratings agency, A.M. Best has maintained its stable outlook on the french non-life insurance sector, supported by stable but challenging market conditions, the ... Read the full article
A.M. Best stays stable on German non-life sector
15th April 2019
Rating agency A.M. Best has maintained a stable market segment outlook on Germany’s non-life insurance market, based on solid rate adjustments in core business classes and strong balance sheets among market participants. Analysts said rate adjustments were keeping pace with claims inflation, thereby supporting robust technical profitability, while balance sheet strength ... Read the full article
“Vast majority” of Midwest flood damage to go uninsured: A.M. Best
5th April 2019
According to A.M. Best, the “vast majority” of the damages to property from the ongoing flooding in Nebraska and other states along the Missouri River, which is expected to exceed $3 billion, will be uninsured. The Midwestern U.S has experienced major floods since mid-March 2019, partly caused by a blizzard early ... Read the full article
A.M. Best stable on UK life sector, expects strong near term growth opportunities
3rd April 2019
International financial services ratings agency, A.M. Best, has a stable outlook on the UK life insurance sector, and is expecting a focus on annuities and defined contribution pensions to drive strong near-to-medium-term growth opportunities. Key products in the UK life insurance industry are experiencing healthy growth and profitability, but A.M. Best ... Read the full article
A.M. Best stays negative on UK non-life insurance
28th March 2019
Global financial services ratings agency, A.M. Best, has maintained its negative outlook on the UK non-life insurance market in light of strong competition, legislative changes, political and economic uncertainty, and increased regulatory scrutiny. A.M. Best expects the profits of UK non-life insurers to remain under pressure in 2019, driven largely by ... Read the full article
MENA re/insurance markets face short term volatility: A.M. Best
26th March 2019
Insurance and reinsurance companies operating in the Middle East and North Africa (MENA) region face significant volatility in the short to medium term due to an economic slowdown, regulatory changes, social unrest, and a lack of diversification, according to A.M. Best. Analysts said that navigating these risks is becoming increasing important, ... Read the full article
U.S life & annuity income up 8.5% in 2018: A.M. Best
25th March 2019
The U.S life and annuity industry’s total income increased by 8.5% in 2018, according to a recent report by A.M. Best, which attributed the rise to a $54.1 billion increase in other income. Analysts explained that this boost offset modest increases in premium and annuity considerations and net investment income. The report ... Read the full article
Operating conditions favourable for US mortgage insurance sector: A.M. Best
22nd March 2019
According to A.M. Best, the operating environment for US Private Mortgage Insurers (PMIs) is favourable, driven by continued decline in the loss, expense, and combined ratios, assisted by the increased ceding of risk to the reinsurance sector. The international financial services ratings agency's outlook for US PMIs is stable, with the ... Read the full article
R&Q’s Accredited receives group rating increase from A.M. Best
21st March 2019
Accredited Surety & Casualty Company, Inc, the Florida-based insurance subsidiary of Randall & Quilter Investment Holdings Ltd. (R&Q), has had it’s A.M. Best group rating increased from VII to VIII. The increase reflects the improved balance sheet strength of Accredited and R&Q following successful equity and debt capital raises in December ... Read the full article
Third-party capital an important source of capacity despite setbacks: A.M. Best
21st March 2019
Despite experiencing a significant accumulation of losses over the past 18 months the third-party capital segment nonetheless remains influential in the reinsurance segment and, in particular, the property-cat space, according to A.M. Best. A.M. Best says third-party investors seem to have become increasingly sceptical following the 2018 cat season, as they ... Read the full article
A.M. Best will continue to provide ratings in UK & EU after Brexit
20th March 2019
A.M. Best has confirmed that it expects to be able to continue providing credit ratings that can be used for regulatory purposes in both the UK and European Union (EU) after Brexit. The rating agency incorporated a new subsidiary in Amsterdam last year and secured credit rating agency (CRA) registration with ... Read the full article
UAE insurers face challenging 2019 as underwriting discipline weakens: A.M. Best
20th March 2019
Insurers in the United Arab Emirates (UAE) are expected to face challenging market conditions in 2019 due to weakened underwriting discipline and competition surrounding rates, according to analysts at A.M. Best. The UAE insurance sector continued its earnings momentum in 2018 to deliver a second consecutive year of strong profits, while ... Read the full article
Spanish insurers focusing on tech as growth opportunities shrink: A.M. Best
20th March 2019
Spanish insurers are increasingly utilising technology to cross-sell products and target niche markets as growth opportunities both domestically and abroad continue to shrink, according to analysts at A.M. Best. The rating agency concluded that the Spanish insurance sector remains profitable, but margins are under pressure and the low interest rate environment ... Read the full article
Regulators suspend INTEGRAND’s cat business, A.M. Best downgrades ratings
19th March 2019
INTEGRAND Assurance Company, the Puerto Rico-based property and casualty (P&C) re/insurer, has been ordered to stop writing new catastrophe business by its regulator. Subsequently, A.M. Best has downgraded the company’s Financial Strength Rating from B++ (Good) to C++ (Marginal) and its Long-Term Issuer Credit Rating from ‘bbb+’ to ‘b’, while maintaining ... Read the full article
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