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.
Heightened reinsurance demand a long-term trend: Fitch
4th September 2020
The COVID-19 pandemic has contributed to a surge in demand for reinsurance and according to analysis by Fitch Ratings, this is no short-term trend. Speaking for the ratings agency in its Mid-Year 2020 Financial Results EMEA webinar was Brian Schneider, Fitch Ratings’ Senior Director and Global Head of Reinsurance. As primary insurers ... Read the full article
APAC penetration gap an opportunity for reinsurance growth: Fitch
4th September 2020
Analysts at Fitch Ratings have argued that the low insurance penetration rate across Asia Pacific (APAC), particularly in emerging countries, represents a major opportunity for reinsurance growth. Fitch anticipates that re/insurers will be focused on the adequacy of their existing protections after significant catastrophe losses in 2019 and H1 2020 and ... Read the full article
H1 results underscore stable outlook for brokers: Fitch
3rd September 2020
With most re/insurance brokers having now reported their results for the first half of the year, analysts at Fitch ratings are confident that the industry will maintain its stable rating and sector outlook, despite the challenges caused by the coronavirus pandemic. The rating agency noted that risks from the ongoing recession ... Read the full article
Reinsurer capital raises unlikely to threaten favourable market conditions: Fitch
2nd September 2020
The flurry of meaningful capital raises in the reinsurance industry in the aftermath of the COVID-19 outbreak are not expected to hinder current favourable market conditions, according to analysis by Fitch Ratings. In Fitch's universe of global reinsurers, a combined $10.3 billion of capital has been raised since March 2020 as ... Read the full article
Meaningful reinsurance rate increases into 2021: Fitch
1st September 2020
Meaningful reinsurance rate increases should be expected into 2021 at the January renewals as overall pricing is inadequate, according to Fitch Ratings. Analysts note how there's also still uncertainty surrounding the pandemic and that there still remains a capacity-constrained dislocated retrocession market. Reinsurers are expected to take advantage of the most favourable market ... Read the full article
Asia pandemic claims manageable but evolving: Fitch
1st September 2020
Asian reinsurers’ losses related to the coronavirus pandemic appear to be on a manageable scale thus far due to tight measures to curb the spread of the virus, according to Fitch Ratings. The rating agency noted that most Asian reinsurers entered the crisis well-capitalised, but warned that business growth could slow ... Read the full article
North American P&C results stable despite COVID challenges: Fitch
28th August 2020
Analysts at Fitch Ratings have noted that the H1 results of the North America property and casualty (P&C) re/insurance sector show “relative stability” despite the challenges of the COVID-19 pandemic. Overall, operating performance for this sector declined over the first six months of 2020, as the pandemic hit underwriting results and ... Read the full article
Japanese life insurance sets example for managing low rates: Fitch Ratings
28th August 2020
With insurers in Japan having long been affected by ultra-low interest rates, Fitch Ratings sees its life insurance market as an opportunity for insight into the potential environment insurers worldwide will be operating in since the emergence of COVID-19. The Bank of Japan decreased interest rates significantly in response to the economic ... Read the full article
Reinsurers to absorb large share of COVID losses: Fitch
27th August 2020
Analysts at Fitch Ratings believe that reinsurers are set to absorb a large share of the losses stemming from the COVID-19 pandemic. Fitch reported a 10.4 point increase in the overall combined ratio of the reinsurance sector over the first half of 2020, which rose to an underwriting loss at 101.8% ... Read the full article
European reinsurers top tier globally by business profile: Fitch
24th August 2020
The four major European reinsurers - Munich Re, Swiss Re, Hannover Re and SCOR SE are among the top tier of global reinsurers by business profile, Fitch Ratings says. Large franchises and a high degree of diversification underpin Fitch's assessment of very strong business profile for each group. The capital adequacy of ... Read the full article
Auto insurer profits driven by record drop in claims frequency: Fitch
20th August 2020
Financial services ratings agency, Fitch Ratings, believes that commercial re/insurers underwriting profits within the personal auto line have had a dramatic increase after a reduction in driving has led to lower claims frequency in the first half of 2020. According to Fitch, this has helped to offset higher incurred losses which ... Read the full article
Japanese non-life insurers to see claim costs rise as containment eased: Fitch
20th August 2020
A reduction in traffic amid the COVID-19 pandemic benefitted the performance of Japanese non-life insurers in Q1, but this trend isn't expected to last, according to analysis by Fitch Ratings. Fitch's outlook on the Japanese non-life insurance sector remains negative amid widespread uncertainty on the total COVID-19 claims count and the ... Read the full article
COVID-19’s impact on Europe’s top reinsurers considerable, varied: Fitch
14th August 2020
Despite the H120 results from the four major European reinsurers - Munich Re, Swiss Re, Hannover Re and SCOR - revealing considerable pandemic-related claims, the impact of the pandemic on the four reinsurers varied significantly. This is in part due to differences in exposure to lines of business affected by the ... Read the full article
Personal lines re/insurers to profit despite COVID-19: Fitch
22nd July 2020
After a profitable 2019, the U.S. personal lines insurance sector is positioned to see underwriting profits in 2020 even against a backdrop of economic uncertainty from the coronavirus pandemic, says Fitch Ratings. The rating agency noted that personal lines insurers have been most affected by the decline in risk exposures tied ... Read the full article
US commercial insurers’ results face COVID-19 claims uncertainty: Fitch
10th July 2020
Benefits for US commercial insurers from recent sharp premium rate improvement are likely to be delayed by effects on underwriting results from COVID-19, according to Fitch Ratings. The ratings agency says the sector was poised for 2020 profit improvement following two consecutive years of statutory industry commercial lines combined ratios slightly ... Read the full article
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