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.
Reinsurer profitability dips in H1’25 amid higher losses and rising competitiveness
27th August 2025
Fitch Ratings has reported that the 19 non-life reinsurers it tracks saw a decline in underwriting profits in H1 2025, and noted that premium growth in 2026 may be constrained by heightened competition and ongoing global economic uncertainties. Alongside reduced underwriting profits, Fitch's new report noted that the group of non-life ... Read the full article
Volumes & revenue growth slowed as renewals progressed this year: Fitch
27th August 2025
The four largest European reinsurers – Munich Reinsurance Company (Munich Re), Swiss Reinsurance Company Ltd (Swiss Re), Hannover Rueck SE (Hannover Re) and SCOR SE – achieved a record average return on equity (ROE) of 21.1% in the first half of 2025 (1H25). They surpassed the previous 20.5% peak seen in ... Read the full article
Bermuda re/insurers maintain favourable results amid modest softening: Fitch
26th August 2025
Fitch Ratings has reported that the eight Bermuda re/insurers it rates experienced declines in underwriting profitability and net earnings in H1 2025, though results remained strong overall, as premium growth slowed in a softening market environment. Fitch’s group of eight Bermuda re/insurers, which includes Arch, AXIS, Aspen, SiriusPoint, Everest, Hamilton, RenRe, ... Read the full article
L&H reinsurance earnings remain consistent for Europe’s Big Four: Fitch
22nd August 2025
Among Europe’s Big Four reinsurers—Swiss Re, Munich Re, Hannover Re and SCOR—life and health (L&H) reinsurance earnings remained consistent in H1’25, supported by steady releases of contractual service margin (CSM) and risk adjustment, according to Fitch Ratings. In its recent report, the ratings agency noted that the Big Four’s L&H reinsurance ... Read the full article
Favourable market conditions drive peak P&C profitability for European reinsurers: Fitch
20th August 2025
Fitch Ratings has reported that property and casualty (P&C) reinsurance has reached peak profitability, with a record low average combined ratio of 81.5% for Europe's big four reinsurers. This “reflects healthy attritional performance and a low natural cat loss ratio for all reinsurers as market conditions remain favourable.” Reinsurers benefitted from a ... Read the full article
Profitability strong for global emerging market reinsurers: Fitch
18th August 2025
According to Fitch Ratings, the profitability of the global emerging market reinsurer group, which includes Patria, Ocean Re, Eureka Re, Oman Re, and ASR Re, has been strong, with return on equity generally ranging from 5% and 22% over the past two years. Patria is the largest by net premiums written ... Read the full article
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
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