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.
Potential merger of Indonesian reinsurers could weaken capital profile without fresh funding: Fitch
15th August 2025
Fitch Ratings, a credit rating agency, stated on 14 August 2025 in Sydney and Jakarta that the proposed consolidation of three Indonesian reinsurers could undermine the capital strength of the domestic reinsurance sector in the absence of fresh capital injections. Fitch said the merged company would likely have reduced underwriting capacity, ... Read the full article
Fitch warns of softening ahead for London market property re/insurance
6th August 2025
A new report from Fitch Ratings points to clear signs of significant softening in London market property re/insurance lines in 2025. The rating agency noted that pricing began to markedly decline from its 2024 peak at the 2025 mid-year renewals in the London market. Major losses have also weighed on profitability, most ... Read the full article
UK captive & ILS reform plans seen as credit-neutral by Fitch, though longer-term risks may emerge
24th July 2025
Fitch Ratings, a credit rating agency, says the UK government's proposed overhaul of rules governing insurance-linked securities (ILS) and captive insurance will not immediately affect the credit quality of London market insurers. While the current regulatory framework remains in place until at least 2027, Fitch warns that over time, these changes ... Read the full article
Fitch highlights strong growth in North American life reinsurance in 2024
21st July 2025
According to Fitch Ratings, a credit rating agency, North American life reinsurance experienced significant growth in 2024, driven by expanding partnerships between insurers and alternative investment managers, increased reliance on offshore reinsurance platforms, and a record-setting year for annuity sales. In its analysis, Fitch notes that reserves ceded by insurers—measured through ... Read the full article
Capacity & competition put further pressure on prices after 2024 peak: Fitch
16th July 2025
Abundant capacity and intensifying competition among reinsurers are driving softer pricing at the June and July renewals, reinforcing Fitch Ratings’ expectation that market pressures will continue to weigh on prices beyond their 2024 peak. According to the ratings agency, pricing across most reinsurance lines continued to fall at the mid-year renewals, ... Read the full article
Turkish non-life insurance sector gradually stabilising amid stronger pricing: Fitch
14th July 2025
Fitch Ratings, a credit rating agency known for its comprehensive financial analysis and market insights, has provided an updated outlook on the Turkish non-life insurance sector. Their latest report highlights a cautious yet optimistic path toward market stabilisation, driven by improved pricing strategies and high interest rates that are expected to ... Read the full article
2024 second consecutive year of ‘very strong’ P&C results for large global reinsurers: Fitch
11th July 2025
According to a new peer group credit analysis, sustained underwriting results and investment income made 2024 the second consecutive year of "very strong" property and casualty (P&C) financial performance in a prolonged favourable market. The insurers in this peer group are some of the largest in the industry, including Hannover ... Read the full article
Bermuda/US re/insurers maintain underwriting profitability amid high cat losses: Fitch
10th July 2025
Fitch has released its Peer Credit Analysis for Bermuda/US re/insurers, revealing that all companies maintained underwriting profitability in 2024, despite increases in combined ratios due to higher catastrophe losses. The peer group includes Arch Capital Group Ltd., SiriusPoint Ltd., Hamilton Insurance Group Ltd., Ascot Group Limited, and RenaissanceRe Holdings Ltd. Looking ahead ... Read the full article
Chinese non-life insurance sector shows resilience amidst market challenges: Fitch Ratings
30th June 2025
Fitch Ratings, a credit rating agency, reports that China’s non-life insurance sector continues to exhibit strong financial stability, which has supported consistent growth in premiums and improved underwriting outcomes during the first quarter of 2025. According to Fitch Ratings, despite ongoing challenges related to tariff-driven trade tensions, the sector has benefited ... Read the full article
Fitch upgrades QBE ratings, citing strong financial performance
20th June 2025
Credit rating agency Fitch Ratings has upgraded the Long-Term Issuer Default Rating (IDR) of QBE Insurance Group Limited to ‘A’ from ‘A-’ and raised the Insurer Financial Strength (IFS) Ratings of its core subsidiaries to ‘AA-’ from ‘A+’. The outlook for all ratings is stable. Fitch pointed to QBE’s improved financial ... Read the full article
Fitch keeps European insurance sector outlook neutral at mid-year
17th June 2025
Fitch Ratings has noted that the European insurance sector outlook remains 'neutral' at mid-year 2025, driven by stable business conditions despite a weaker economic outlook and increased financial market volatility. At the same time, the rating agency has said individual countries’ life and non-life sector outlooks are 'neutral', except for Italian ... Read the full article
Market consolidation in Saudi Arabia’s insurance sector set to intensify: Fitch
10th June 2025
According to Fitch Ratings, a provider of credit ratings, research, and risk analysis, Saudi Arabia’s insurance industry is poised for a period of intensified consolidation over the next two years. This trend is expected to be driven by tightening regulatory capital standards and continued pressure on underwriting margins amid strong price ... Read the full article
German non-life insurance sector surpasses forecasts as Fitch upgrades outlook
4th June 2025
According to Fitch Ratings, a credit rating agency known for its financial analysis and industry outlooks, Germany’s non-life insurance sector performed better than previously projected in 2024. Fitch revised key performance indicators upward across the board, reflecting stronger-than-expected underwriting profitability, robust premium growth, and favourable investment conditions. The agency now forecasts an ... Read the full article
Small size, mixed capital strength shape EMEA reinsurer ratings: Fitch Ratings
3rd June 2025
Fitch Ratings, a credit rating agency known for its analysis of financial institutions and insurance entities, has identified size-related constraints and varying capital strength as key factors influencing the ratings of small reinsurers operating in the EMEA region. In its latest peer review published on 29 May 2025, Fitch assesses four ... Read the full article
Re/insurers better positioned to withstand above average 2025 hurricane season: Fitch
2nd June 2025
Re/insurers are better positioned to withstand the 2025 hurricane season and other potential catastrophic events, thanks to recent premium rate increases, surplus growth among property and casualty (P&C) insurers, and favourable legislative reforms in the Florida market, according to Fitch Ratings. As per Fitch's new report, the number of hurricanes for ... Read the full article
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