Reinsurance News
Fitch Ratings news
News featuring rating agency Fitch Ratings, including the latest reports, rating actions and analysis from the company, as well as news on Fitch’s analysis of the reinsurance sector.
Fitch upgrades ASR Re’s ratings citing profitability, capitalisation and continued expansion
6th August 2026
Fitch Ratings has upgraded ASR Re's Insurer Financial Strength (IFS) Rating to 'A-' from 'BBB+', citing the firm's strengthened company profile, driven by the continued expansion of its business franchise across Africa and other developing markets, while maintaining strong profitability and capitalisation. ASR Re is a Bermuda-based reinsurer that operates as ... Read the full article
Fitch reports growing governance considerations for US life insurers following Delaware life investment reclassification
5th August 2026
Fitch Ratings, the credit ratings agency, has highlighted the potential governance implications for the US life insurance sector following Delaware Life Insurance Company’s recent reclassification of certain investments as affiliated holdings. The agency said the development reflects a broader trend as life insurers increase their use of private credit, affiliated asset ... Read the full article
France and Spain fires expected to have limited impact on European insurers ‘26 earnings: Fitch
3rd August 2026
The ongoing fires in France and Spain are expected to have a limited impact on the 2026 earnings of large European insurers, provided the fires do not spread into major urban, residential, or industrial hubs, according to a recent Fitch Ratings report. The fires have burned around 117,000 hectares in France ... Read the full article
Fitch upgrades IFS rating of Uzbekistan-based insurer KAFOLAT
24th July 2026
Fitch Ratings has upgraded the Insurer Financial Strength (IFS) Rating of KAFOLAT Insurance Company, one of the leading non-life insurers in Uzbekistan, to 'BB-' from 'B+', with a Stable Outlook. The rating upgrade reflects KAFOLAT's strengthened financial profile and better capital position, as well as improved geographical diversification, with the latter ... Read the full article
Fitch improves Canopius Re outlook to positive while affirming ‘A’ rating
14th July 2026
Credit rating agency Fitch Ratings has upgraded the outlook for Canopius Reinsurance Limited (Canopius Re), the Bermuda-based reinsurance company within the Canopius Group, from Stable to Positive while reaffirming its Insurer Financial Strength (IFS) Rating at 'A' (Strong). The agency said the improved outlook reflects its expectation that the Canopius Group ... Read the full article
Echo Re gets IFS rating upgrade to A+ by Fitch
6th July 2026
Fitch Ratings has upgraded the Insurer Financial Strength (IFS) rating of Echo Reinsurance Limited (Echo Re), a Swiss-based reinsurer, from A to A+, with a stable outlook. The upgrade reflects Echo Re’s strengthened strategic importance within its parent, DEVK Group, supported by sustained financial performance, increasing geographical diversification, and "growing synergies" ... Read the full article
Reinsurers central to innovation push in nat cat risk transfer: Fitch
1st July 2026
Fitch Ratings has suggested that re/insurance companies must innovate to balance the potentially conflicting goals of expanding access to affordable natural catastrophe cover without compromising prudent underwriting principles, with the rating agency highlighting solutions such as microinsurance, parametric insurance and insurance-linked securities (ILS) as potential ways to help achieve this. In ... Read the full article
Fitch expects Japanese non-life Insurers to sustain strong underwriting momentum
26th June 2026
Fitch Ratings, the international credit ratings agency, believes Japan's leading non-life insurers are well placed to continue delivering strong underwriting results. The agency said robust earnings from overseas operations and improving conditions in the domestic motor and property insurance markets are expected to support performance, although profits generated from the disposal ... Read the full article
Fitch reaffirms ‘deteriorating’ outlook for global reinsurance amid softer pricing cycle
16th June 2026
A new report from Fitch Ratings has reaffirmed its 'deteriorating' outlooks for the Global Reinsurance and UK London Market sectors, with softer pricing cycles said to be having a more acute effect. In a new report, Fitch noted that although the global insurance sector outlook remains “neutral” as of mid-2026, supported ... Read the full article
Fitch assigns Bermuda-based Verdant Rock BBB+ IFS rating with stable outlook
16th June 2026
Verdant Rock Limited, a Bermuda-based insurance company regulated by the Bermuda Monetary Authority, has received a BBB+ Long-Term Insurer Financial Strength Rating with a Stable Outlook from Fitch Ratings. According to the credit rating agency, the ratings reflect Verdant Rock's strong initial capitalisation and prudent financial profile, balanced against execution risks ... Read the full article
Florida insurance market better positioned for ‘26 hurricane season, but yet to be fully tested: Fitch
12th June 2026
As early forecasts point to a slightly below-average 2026 Atlantic hurricane season, Florida remains a key focus for the property insurance market despite improved market conditions, according to a recent Fitch Ratings report. Despite the constant concentration of financial risks, the report also highlighted that US property & casualty (P&C) insurers ... Read the full article
Fitch maintains neutral outlook for global insurance sector despite uncertain conditions
9th June 2026
Resilient business conditions across most insurance markets have continued in the face of mounting pressure from the US–Iran war, weaker economic growth, higher inflation, and rising government bond yields, leading Fitch Ratings to remain 'neutral' on the global insurance sector as of mid-year 2026. The ratings agency's global insurance sector outlook ... Read the full article
European reinsurers deliver higher profits despite weaker revenue growth in Q1’26: Fitch
20th May 2026
Fitch Ratings, the international credit ratings and research agency, has said that Europe’s four largest reinsurers posted stronger earnings in the first quarter of 2026, although overall revenue growth declined as market conditions became less favourable. In its latest assessment, Fitch Ratings said Munich Re, Swiss Re, Hannover Re and SCOR ... Read the full article
Continued momentum in global life insurance consolidation across regions: Fitch
11th May 2026
Fitch Ratings, the credit rating agency, anticipates that consolidation within the global life insurance sector will remain ongoing, although the pace and structure of transactions will differ by region. Fitch Ratings explains that deal flow is being supported by insurers’ ongoing efforts to strengthen balance sheets, improve operating efficiency and allocate ... Read the full article
Bermuda and US re/insurers maintain strong capital positions despite rising losses and softening market: Fitch
27th April 2026
Fitch Ratings, a global credit rating agency, has published a report reviewing a group of Bermuda and US-based re/insurance companies, namely Arch Capital Group Ltd., Ascot Group Limited, Hamilton Insurance Group Ltd., RenaissanceRe Holdings Ltd. and SiriusPoint Ltd. In its report, Fitch Ratings states that financial strength across the group remains ... Read the full article
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