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.
Global insurers face rising regulatory costs due to climate change and AI challenges, Fitch says
4th April 2025
Fitch Ratings, a provider of credit ratings, commentary, and research, has highlighted in a new report that global insurers are facing rising regulatory costs driven by structural changes in the life insurance sector, climate change, and the growing role of artificial intelligence (AI), as industry regulators intensify their response to ... Read the full article
Strong ‘24 performance bolstered European reinsurers’ credit strength but challenges loom: Fitch
24th March 2025
A second consecutive year of robust financial performance in 2024 has bolstered the credit strength of Europe's four largest reinsurers, positioning them to navigate potentially less favourable market conditions in 2025, according to a recent Fitch Ratings report. Positive market conditions, sustained underwriting discipline, and strong investment returns drove significant capital ... Read the full article
European insurers poised to benefit from rising government bond yields: Fitch
18th March 2025
Fitch Ratings, a credit rating agency, indicated on March 14, 2025, that the increase in government bond yields, driven by elevated defence spending, is likely to positively impact most European insurers. The rise in yields typically enhances profitability by allowing insurers to invest premiums at higher rates, while the steepening yield ... Read the full article
Fitch revises SiriusPoint outlook to positive
7th March 2025
Fitch Ratings, the global ratings agency, has revised the outlook for Bermuda-domiciled insurer and reinsurer SiriusPoint to positive from stable, while the Long-Term Issuer Default Rating (IDR) has been affirmed at 'BBB', the senior debt rating at 'BBB-' and its Insurer Financial Strength (IFS) rating at 'A-' (Strong) for SPNT's ... Read the full article
Fitch upgrades outlook for MAPFRE to positive
7th March 2025
Fitch Ratings, a credit rating agency, has upgraded the outlook for MAPFRE, a multinational insurance company, from Stable to Positive. Additionally, Fitch has affirmed MAPFRE’s issuer rating at A- and the Group’s financial strength rating at A+. "The positive outlook reflects the improvement in MAPFRE’s financial results and earnings. The ratings also ... Read the full article
P&C insurers to navigate continued natural catastrophe pressures: Fitch
3rd March 2025
Fitch Ratings, a provider of credit ratings, research, and analytics, forecasts that the property and casualty (P&C) insurance industry will continue to face challenges from volatile natural catastrophe risks in 2025. Despite these risks, Fitch believes that the industry's capital strength will enable re/insurers to absorb the impact of these losses, ... Read the full article
European insurers face rising costs and regulatory challenges with AI governance: Fitch Ratings
21st February 2025
Fitch Ratings, a global credit rating agency, reports that the European insurance sector will face rising regulatory challenges and associated costs as the European Insurance and Occupational Pensions Authority (EIOPA) embarks on a public consultation to refine AI governance and risk management practices. Launched on 12 February 2025, the consultation will ... Read the full article
Regulatory reforms support NA life insurers’ ratings: Fitch
5th February 2025
Enhanced regulatory standards are supporting the ratings of North American life insurers, which are expected to maintain strong balance sheets, according to Fitch Ratings. The life insurance sector is becoming increasingly complex, with the growth of offshore reinsurance, tie-ups with alternative investment managers, and higher allocations to illiquid structured assets. This ... Read the full article
Bermuda re/insurers’ underwriting results to weaken but strong returns should persist: Fitch
3rd February 2025
According to global ratings agency Fitch Ratings, due to premium rates being pressured and the increase in loss costs, Bermuda-domiciled re/insurers' underwriting results are expected to deteriorate in 2025, although strong returns should continue as capital remains "robust." Bermuda-based insurer and reinsurers are expected to continue producing favourable returns in 2025 ... Read the full article
Bermuda market to have a meaningful share of LA wildfire insured losses: Fitch
28th January 2025
Fitch Ratings has noted that the Bermuda market will have a meaningful share of insured losses from the recent California wildfires for both primary business and reinsurance, however, it does not expect ratings to be affected given plentiful capital levels. According to a new report from Fitch, underwriting results for Bermuda-based ... Read the full article
LA wildfires to cause minimal principal cat bond losses, issuance unaffected
27th January 2025
Fitch Ratings has noted that the Los Angeles wildfires will cause certain catastrophe bonds to experience partial principal losses, though these are not anticipated to impede issuance. According to a new report from the rating agency, while roughly 12% of the $50 billion cat-bond market is currently exposed to wildfire risk, ... Read the full article
LA wildfires may erode over 30% of combined nat cat budgets of Europe’s big four: Fitch
23rd January 2025
At $35 billion, roughly the mid-point of insurance industry loss estimates from the devastating Los Angeles wildfires, Fitch Ratings estimates that 30% of the aggregate natural catastrophe budgets set by Europe's big four reinsurers for 2025 may be eroded. With the two main fires, Palisades and Eaton now 70% and 95% ... Read the full article
Global reinsurer profitability to remain strong in 2025 despite price reductions, says Fitch
15th January 2025
Fitch Ratings, a provider of credit ratings, research, and risk analysis, has forecasted that global reinsurers' profitability will remain strong in 2025, despite lower risk-adjusted prices for most business lines during the January 1st reinsurance contract renewals. These price reductions are attributed to an abundance of capital in the market and ... Read the full article
Fitch’s outlook remains neutral for the European insurance sector for 2025
4th December 2024
Fitch Ratings has revealed that its outlook for the European insurance sector remains 'neutral' for 2025, which according to the agency, reflects resilient operational and business conditions, and disciplined pricing, amid falling bond yields, easing inflation and moderating non-life premium rates. Analysts noted that the outlooks for the underlying sectors are ... Read the full article
Fitch revises Fortitude Re’s outlook to positive amid continued growth
27th November 2024
Fitch Ratings has revised Fortitude Re's outlook to Positive from Stable, citing the firm's improving profile driven by growth and enhanced diversification across liabilities and geographies, alongside its strong balance sheet. The rating agency has also affirmed Fortitude Reinsurance Company (FRL) and Fortitude Life Insurance and Annuity Company's (FLIAC) Insurer Financial ... Read the full article
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