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.
Transition to a stable reinsurance outlook dependent on profitability: A.M. Best’s Holzberger
17th May 2018
Stefan Holzberger, Chief Rating Officer, A.M. Best, recently said that the global reinsurance segment is in need of improved performance and greater profitability in order for the ratings agency to upgrade its segment outlook from negative to stable. Speaking with A.M. BestTV at the 29th East Asian Insurance Congress (EAIC), Holzberger ... Read the full article
Stable German non-life sector well placed to withstand challenges: A.M. Best
19th April 2018
A.M. Best has forecast a stable outlook for the German non-life insurance sector, reporting that its robust economy, solid technical profitability, and strong balance sheets are offset by persistently low interest rates, catastrophe exposure, and the threat of market disruption. The German non-life sector has been growing steadily thanks to a ... Read the full article
Cyber remains top enterprise risk management priority: A.M. Best
18th April 2018
A.M. Best has reported that the assessment of cyber risk continues to remain a top enterprise risk management (ERM) priority for insurers and reinsurers, as InsurTech innovations have required companies to continually expand and enhance their risk management capabilities. The report contends that, as companies try to keep up with the ... Read the full article
Reinsurance demand will rise as terror risk landscape shifts: A.M. Best
16th April 2018
In a recent special report, A.M. Best has predicted that insurers will increasingly rely on reinsurance as the nature of terrorism changes and expands, and as the future of federal backstops become uncertain. In recent years, the nature of high-profile attacks has shifted from property damage to ‘lone wolf’ attacks designed ... Read the full article
Stable 2018 outlook for UK life re/insurers: A.M. Best
9th April 2018
A recent report by A.M. Best has concluded that the outlook for the UK life re/insurance sector is likely to be stable over 2018, owing to favourable growth opportunities from defined contribution (DC) pensions and bulk annuity transactions, despite a number of challenges and uncertainties. A.M. Best expects the DC pension ... Read the full article
Investment gains help U.S. life & health sector offset income deterioration: A.M. Best
5th April 2018
The U.S. life and health (L&H) industry saw its income result declined by 2.8% in 2017 from the prior year, however, a $7.9 billion improvement in net investment income served to offset much of the decline, according to A.M. Best. A.M. Best detailed the sector's preliminary financial results in a recent report, ... Read the full article
Specialty re/insurers explore avenues into energy sector cyber cover
5th April 2018
Growing cyber threats to the U.S. power grid have led specialty re/insurers in the energy/utility sector to explore avenues to leverage their industry knowledge into areas of profitable - but conservative and controlled - growth in cyber, according to A.M. Best. For the utility sector the threat of cyber attacks has ... Read the full article
Unabating market competition & Brexit create headwinds for UK non-life insurers
3rd April 2018
Rating agency A.M. Best's outlook on the UK non-life insurance market is negative as intense market competition persists in the face of uncertainties from legislative changes and the impact of Brexit. These factors account for a difficult operating environment and consequently A.M. Best forecasts earnings for non-life insurers could take a ... Read the full article
Investment gains mitigated U.S. life/health sector’s 2017 losses: A.M. Best
27th March 2018
A.M. Best has reported that a $7.9 billion improvement in net investment helped to ease the U.S. life/health industry’s income losses for year-end 2017, which dropped just 2.8% when compared with the previous year. The report’s data, which was collected from companies’ annual statutory statements, showed that investment income helped to ... Read the full article
InsurTech inflection point could change the re/insurance model: A.M. Best
27th March 2018
Re/insurers are owning the InsurTech wave with a sustained focus on modernisation as newer technologies drive efficiencies and strategic advantages and the market is said to be heading for an inflection point as a result. Most firms studied in a recent A.M. Best survey revealed plans underway to upgrade legacy underwriting ... Read the full article
U.S. P/C industry falls to underwriting loss in 2017 on back of record cat losses: A.M. Best
21st March 2018
A.M. Best has estimated that in 2017 the U.S. property / casualty (P/C) industry experienced catastrophe losses of $52.9 billion, an increase of more than 26% when compared with the previous high set in 2011, and which resulted in a net underwriting loss of $23.5 billion. The ratings agency explains that ... Read the full article
Insurers “remain at the intial stage of data maturity”: A.M. Best
19th March 2018
Although most insurers anticipate major industry changes in the next couple of years and have begun diverting company resources for additional technology research that focuses on better and cheaper ways to do business, the industry lags behind other industries when it comes to technological innovation. Re/insurers are revving up for change with ... Read the full article
Profitable growth for re/insurers in the CIMA zone: A.M. Best
12th March 2018
Ratings agency A.M. Best has reported that insurers and reinsurers within the Conférence Interafricaine des Marchés d’Assurances (CIMA) zone, exhibited steady profitable growth despite a challenging operating environment characterised by significant economic and political headwinds. The agency’s report notes that, although this lower economic activity has reduced growth, relatively low claims ... Read the full article
Maiden Holdings gets rating downgrade after reinsurance results deteriorate
6th March 2018
A.M. Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) of Maiden Holdings and its downstream, intermediate holding company, Maiden Holdings North America from bbb to bbb-. The firm's associated Long-Term Issue Credit Ratings (Long-Term IRs) received the same rating downgrade. In addition, A.M. Best has downgraded the Financial Strength Rating to A- from ... Read the full article
UAE insurers see strong growth in 2017, but A.M. Best outlook remains negative
28th February 2018
The insurance market of the United Arab Emirates (UAE) has continued to demonstrate strong growth and exceptional profitability in 2017 as a consequence of 2015s regulatory reforms , however A.M. Best's outlook for the sector remains negative with significant challenges lurking on the 2018 horizon. Preliminary disclosures of the national insurers ... Read the full article
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