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.
Silent risks undermine insurers’ cyber exposure efforts, says Fitch
13th December 2019
Despite underwriters being increasingly aware of the potential exposures presented by silent cyber risks it remains a very real and urgent threat, which analysts at Fitch Ratings say is key to understanding, and therefore the effective management of the evolving cyber risk landscape. In a recent report, analysts at Fitch Ratings ... Read the full article
Fitch sees strong revenue expansion for US insurance brokers in 2020
9th December 2019
Favourable U.S. commercial lines pricing trends coupled with high levels of organic growth is expected to contribute to strong revenue expansion for publicly traded U.S. insurance brokers in 2020, according to Fitch Ratings. Fitch notes that current market conditions suggest a continuation of favourable margins for U.S. insurance brokers in 2020. ... Read the full article
Fitch turns negative on North American life insurance
5th December 2019
Fitch Ratings has revised its 2020 sector outlook for North American life insurers to negative from stable, following an unexpected decline in interest rates over the past year. Although the sector outlook is negative, analysts still expect ratings for North American life insurers to remain stable in the coming year. That said, ... Read the full article
Fitch turns negative on French & German life insurance
4th December 2019
Fitch Ratings has revised its sector outlooks for French and German life insurance from stable to negative, citing the impact of ultra-low interest rates on capital, earnings, and business models. Ratings for most insurers still remain stable, however, due to strong capital positions and ongoing efforts to reduce sensitivity to interest ... Read the full article
German insurers to offset growing cat losses with premium gains: Fitch
3rd December 2019
German non-life insurers are likely to continue increasing their premium income in 2020 to offset growing catastrophe losses and dwindling investment returns, according to analysts at Fitch Ratings. The rating agency’s outlook for the sector remains stable, on the basis that the market is expected to achieve sufficient premium growth to ... Read the full article
Spanish non-life sector maintains growth & profitability: Fitch
29th November 2019
The Spanish non-life insurance sector has expanded for the fifth year in a row, with strong profitability maintained and many opportunities for further growth, according to analysts at Fitch Ratings. In 2018, Spanish non-life premiums increased by 4% with positive contributions from most lines. Fitch expects the Spanish non-life insurance sector to ... Read the full article
Fitch revises London market outlook to stable, cites pricing & Lloyd’s
27th November 2019
Fitch Ratings has revised its 2020 outlook for the London market to stable from negative amid the improved pricing landscape and the market-wide profitability review initiated by Lloyd's of London. Overall, there is an improved pricing environment in the London marketplace, which Fitch expects to result in better underwriting results going ... Read the full article
P&C pricing momentum unlikely to result in hard market, says Fitch
14th November 2019
While favourable pricing trends in the US property and casualty (P&C) market have been gaining some momentum this year, analysts at Fitch Ratings do not believe these increases are likely to cause a return to hard market conditions. Competitive forces and less favourable claims trends in some key segments make it ... Read the full article
Quantum computing a potential cyber risk for re/insurers: Fitch
12th November 2019
The day when quantum computing power can be applied to real world scenarios is fast approaching, posing a number of important questions around the parameters of cyber risk and security of data encryption. Fitch Ratings analysts note how quantum computers - estimated to run 100 million times faster than current technology ... Read the full article
Improved reinsurance market conditions may fade, warns Fitch
25th October 2019
Analysts at Fitch Ratings have warned Bermudian reinsurers that improved reinsurance market conditions and the subsequent positive influence on underwriting results may not last. After a more meaningful shift in pricing at the latest renewals season following disappointing rate movements through 2018 and into early 2019, on the back of consecutive ... Read the full article
Fitch removes Sirius ratings from negative watch
22nd October 2019
Fitch Ratings has removed Sirius International Group Ltd.’s ratings from Rating Watch Negative and assigned them a stable outlook. The rating agency also affirmed the BBB' Long-Term Issuer Default Rating (IDR), 'BBB-' senior debt rating and 'A-' (Strong) Insurer Financial Strength (IFS) rating of Sirius's operating subsidiaries. Sirius’s ratings were placed ... Read the full article
Bermuda re/insurers set to improve earnings in 2019: Fitch
22nd October 2019
Bermuda re/insurers saw moderate net income improvement in 2018 despite heightened catastrophe losses, and look set to boost earnings further this year, according to analysts at Fitch Ratings. The sector returned to underwriting profits last year with a combined ratio of 99% recorded for the 22 companies in Fitch’s sample. This was ... Read the full article
London market underwriting to remain under pressure through 2019: Fitch
14th October 2019
Analysts at Fitch Ratings anticipate that underwriting earnings are like to remain under pressure for London market re/insurers through the remainder of 2019. While improved pricing conditions are starting to benefit results, earnings are currently being offset by high expense ratios and lower scope for reserve releases, the rating agency said. London ... Read the full article
FCA measures could hit UK motor & home insurers’ profits: Fitch
9th October 2019
New measures proposed by the Financial Conduct Authority (FCA) following a report on competition in the UK motor and home insurance markets could impact profits in 2020, according to analysts at Fitch Ratings. Last week, the UK regulator raised concerns that competition was not working well for all consumers, estimating ... Read the full article
E&S premium growth up 15% as underwriting weakens: Fitch
7th October 2019
Direct written premiums in the US excess and surplus (E&S) lines market grew at a rate of 15% during the first half of 2019, a rate nearly double the overall property and casualty (P&C) market’s growth, according to analysts at Fitch Ratings. This compares with 2018, when premium growth of 11% ... Read the full article
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