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.
Withdrawal of Persian Gulf war risk cover viewed as credit negative for exposed US marine insurers: Fitch
13th March 2026
Fitch Ratings, the international credit rating agency, said the withdrawal of hull war risk marine insurance coverage in the Persian Gulf is expected to be credit negative for US property and casualty insurers with significant exposure to Gulf shipping routes. Fitch notes that the move is likely to have broadly neutral ... Read the full article
Fitch upgrades ratings of SiriusPoint and its operating subsidiaries
26th February 2026
Credit ratings agency Fitch Ratings has upgraded the Insurer Financial Strength (IFS) rating of specialty insurer and reinsurer, SiriusPoint Ltd. and its operating subsidiaries to 'A' (Strong) from 'A-', with an outlook of stable. The insurer's Long-Term Issuer Default Rating (IDR) has also been upgraded to 'BBB+' from 'BBB', and its ... Read the full article
Recognition of nat cat adaptation could strengthen EU insurers’ solvency ratios: Fitch
26th February 2026
Fitch Ratings, the credit rating agency, says that solvency capital ratios for insurers in the European Union with meaningful property exposures could edge higher if the European Insurance and Occupational Pensions Authority advances proposals to reflect natural catastrophe adaptation measures more directly within the standard formula framework. The agency regards the ... Read the full article
Fitch warns of structural shift as AV liability moves toward manufacturers
11th February 2026
While autonomous vehicles (AVs) are expected to fundamentally reshape auto insurance markets over the long term, a new report from Fitch Ratings says their credit impact on auto insurers is likely to remain modest over the next decade. According to the rating agency, personal auto insurance is the single largest line ... Read the full article
Primary insurers to absorb up to $7bn Winter Storm Fern industry loss: Fitch
6th February 2026
Credit ratings agency, Fitch Ratings, expects Winter Storm Fern to incur insured losses of between $4 billion and $7 billion, with primary insurers poised to absorb the event as while damaging, Fitch notes that it was not large enough to reinsurance attachment points. Fern caused subfreezing temperatures, heavy snow, and freezing ... Read the full article
The market is softening but could ‘turn on a knife edge’: Turk, Lloyd’s
23rd January 2026
Rachel Turk, Chief of Market Performance at Lloyd’s of London, classifies the current reinsurance market as one that is softening, but not soft, noting that it is on a knife edge and could reverse following a major loss event. Speaking at Fitch Ratings’ Insurance Insights 2026 event on 22nd January in ... Read the full article
Fitch Ratings: US P&C market to soften further in 2026 as competition intensifies
23rd January 2026
Fitch Ratings, the credit rating agency, expects the US property and casualty (P&C) insurance market to face continued softening through 2026. According to the analysis, the US P&C insurance market is set to become more competitive in 2026, with abundant capital and easing pricing continuing to weigh on premium growth. As rate ... Read the full article
Jan 1 renewal points to weaker but still strong reinsurer profitability in 2026, says Fitch
8th January 2026
Record levels of reinsurance capital supply from traditional and alternative sources outpaced incremental demand from buyers at the January 1st, 2026, renewals, and as pricing "reverted broadly to 2022 levels", analysts at Fitch Ratings expect global reinsurers' profitability to decline but remain strong in 2026. Reinsurance broker reports revealed further price ... Read the full article
US P&C set for strong 2026 despite shifting landscape: Fitch
31st December 2025
US property and casualty (P&C) insurance is set to maintain strong underwriting profitability through 2026, despite a shifting landscape, marked by social inflation, slow economic growth, and heightening competition, according to a new report by Fitch Ratings. Fitch has issued a ‘neutral’ sector outlook for 2026, including commercial and personal lines. ... Read the full article
Fitch upgrades Oman Re’s credit rating, assigns stable outlook
17th December 2025
Fitch Ratings has upgraded Oman Re's Insurer Financial Strength (IFS) Rating to 'BBB' from 'BBB-', assigning a Stable Outlook. According to Fitch, the upgrade reflects reduced investment and asset risk following the upgrade of the Oman's sovereign rating to 'BBB-' on 8 December 2025. The reduction in investment and asset risk were ... Read the full article
Fitch flags Mexico as 2026 outlier in otherwise steady LATAM insurance landscape
10th December 2025
Fitch Ratings, the credit rating agency, presents a broadly steady view of Latin America’s insurance sector for 2026, with most markets falling under a 'neutral' outlook, reflecting Fitch’s expectation of stable performance across the region. Mexico stands as the notable exception, with Fitch assigning a 'deteriorating' view due to tax reforms ... Read the full article
Fitch maintains ‘neutral’ outlook for US P&C insurance sector amid strong profitability
8th December 2025
Fitch Ratings maintains a ‘neutral’ fundamental sector outlook for the US property/casualty (P&C) insurance sector in 2026, as well as for both commercial and personal lines. This assessment is based on the sector’s solid starting position for the year, which is supported by strong overall statutory performance, continued favourable personal auto ... Read the full article
EMEA insurance market to enter 2026 on steady footing: Fitch
5th December 2025
Credit rating agency Fitch Ratings states that the broader EMEA insurance landscape enters 2026 on a steady footing, supported by reliable operating performance, firm capitalisation and continued momentum in new business generation. According to Fitch Ratings, conditions across the region are steady enough to justify a 'neutral' outlook despite muted economic ... Read the full article
North America life insurance sector outlook remains neutral for 2026: Fitch
4th December 2025
Fitch Ratings maintains a ‘neutral’ sector outlook for North American life insurers in 2026 despite a more challenging backdrop, citing that strong balance sheets will help mitigate a potential slowdown in economic growth, heightened macroeconomic volatility, and geopolitical uncertainty. The agency expects life insurers to maintain strong capitalisation, prudent asset-liability management, ... Read the full article
Hong Kong fire losses to be manageable for China Taiping Insurance: Fitch
4th December 2025
Fitch Ratings expects the recent Wang Fuk Court fire in Hong Kong to result in a surge in near-term claims, but says these should be manageable and unlikely to affect the rating of China Taiping Insurance Group Ltd. (TPG, A-/Stable), whose Hong Kong-based subsidiary underwrites the complex’s property and liability ... Read the full article
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