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 assesses ‘Strong’ to ‘Very Strong’ profitability for large European composite insurers
30th October 2025
Fitch Ratings assessed all large European composite insurers in its peer group as having ‘Strong’ to ‘Very Strong’ profitability, supported by diversified earnings sources that provide stability through cycles. The peer group comprises Allianz SE (Allianz), Aviva plc (Aviva), AXA SA (AXA), Assicurazioni Generali S.p.A. (Generali), MAPFRE S.A. (MAPFRE), and Zurich ... Read the full article
Prudent reserving gives large global reinsurers flexibility to smooth earnings: Fitch
27th October 2025
Fitch Ratings’ latest analysis of a leading global reinsurer peer group, including Hannover Re, Lloyd’s, Munich Re, PartnerRe, SCOR, and Swiss Re, found that their reserving remains prudent, offering scope to manage and smooth earnings across the medium term. In its peer credit analysis, Fitch said that sustained underwriting results and ... Read the full article
Fitch Ratings turns positive on SCOR
15th October 2025
Fitch Ratings, a credit rating agency, has revised the outlooks of French reinsurer SCOR and its core operating subsidiaries to positive from stable. This reflects Fitch's expectation that SCOR's earnings will improve, particularly in life and health (L&H), due to the group's portfolio actions aimed at restoring profitability, which was ... Read the full article
Indonesian re/insurers’ higher equity thresholds to accelerate consolidation: Fitch
7th October 2025
Fitch Ratings expects that higher minimum equity thresholds for Indonesian insurers and reinsurers will accelerate market consolidation, as weaker insurers may seek additional capital to meet the tougher requirements or become acquisition targets. The first stage of the higher threshold takes effect at the end of 2026, with roughly 90% of ... Read the full article
Fitch shifts Mercury’s outlook to Stable on improved reinsurance program
2nd October 2025
Fitch Ratings has revised Mercury’s outlook to Stable, citing reduced concerns over the January 2025 wildfires and their potential impact on capital and profitability, as well as improvements in the company’s renewed catastrophe reinsurance program. Notably, Fitch has affirmed Mercury's property and casualty operating subsidiaries' Insurer Financial Strength (IFS) ratings of ... Read the full article
Fitch upgrades Generali’s ratings on lower sovereign risk & improved performance
23rd September 2025
Fitch Ratings has upgraded Generali and its core subsidiaries’ Insurer Financial Strength (IFS) Ratings to ‘AA-’ from ‘A+’, citing lower sovereign risk and the group’s very strong profile, capitalisation, leverage, and operating performance. The agency has also upgraded Generali's Long-Term Issuer Default Rating (IDR) to 'A+' from 'A', assigning Stable outlooks ... Read the full article
North American insurance brokers target bigger deals as growth cools: Fitch
19th September 2025
According to Fitch Ratings, a global credit rating agency, US and Canadian insurance brokers are increasingly relying on larger acquisitions to maintain momentum as organic growth slows. The trend has pushed deal sizes sharply higher over the past two years, reflecting a shift in strategy that carries greater credit risk for ... Read the full article
Fitch reports seventh year of double-digit growth for US E&S insurance in 2024
15th September 2025
Fitch Ratings, a credit rating agency and provider of financial research, reported that the US excess and surplus (E&S) insurance market continued its remarkable growth streak in 2024, with direct written premiums rising 11 percent. Although this was below the 15 percent expansion recorded in 2023, Fitch emphasised that the sector ... Read the full article
Fitch sees continued profitability for US P&C insurers in 2025
10th September 2025
Fitch Ratings, a provider of credit ratings, commentary, and research, reported that the US property and casualty (P&C) insurance sector delivered notably strong underwriting results in the first half of 2025 and is expected to remain profitable through the remainder of the year. According to Fitch, the industry posted a statutory ... Read the full article
Latin America reinsurers face softer market amid ample global capacity: Fitch
9th September 2025
Fitch Ratings, a provider of credit ratings, research, and analysis, reports that abundant global reinsurance capacity is intensifying competition and weighing on reinsurers’ earnings worldwide, including in Latin America. Fitch explains that international carriers are channeling more capacity into the region—most notably in property catastrophe—to expand their presence and diversify portfolios. ... Read the full article
APAC reinsurance market to remain soft: Fitch Ratings
8th September 2025
Pricing in the Asia-Pacific (APAC) reinsurance market is expected to remain soft in 2025, which reflects increased capacity and ample retrocession, Fitch Ratings’ Asian Reinsurance Monitor: 2025. The result is increased competition in an environment that raises underpricing risks amid complex catastrophe and emerging risk exposures, potentially weighing on margins and ... Read the full article
Fitch revises global reinsurance sector outlook to deteriorating
2nd September 2025
Ahead of RVS 2025, Fitch Ratings has revised its global reinsurance sector outlook to ‘deteriorating’ from ‘neutral,’ anticipating moderately weaker, but still sound, operational and business conditions in 2026. The ratings agency expects abundant capacity and rising competition across most property lines to gradually erode prices, while rising claims costs—driven by ... Read the full article
Softening reinsurance market could drive M&A opportunities: Fitch
1st September 2025
According to Fitch Ratings, a softening reinsurance marketplace might well drive the return of merger and acquisition (M&A) activity as organic opportunities diminish and players with accumulated capital mull takeovers of companies less successful in the hard market. In a recent report, Fitch noted that in 2025, there was no major ... Read the full article
NA P&C re/insurers post strong operating results despite catastrophes: Fitch
29th August 2025
Fitch Ratings’ review of GAAP financial results for 41 North American (NA) re/insurers showed strong operating returns, strong underwriting results, and higher investment income in the first half of 2025, despite elevated catastrophe activity. Fitch reported that the overall operating return on common equity declined modestly year over year to 8.9% ... Read the full article
ILS market continues to break records: Fitch Ratings
28th August 2025
Insurance linked securities (ILS) capital has continued to break records in 2025, according to a recent report by Fitch Ratings, with catastrophe bonds issuance reaching unprecedented numbers, total alternative capital also hitting a record high, and sidecar growth. A surge in investor interest, both existing players and new entrants, has funnelled ... Read the full article
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