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 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
US personal lines market returns to profit in 2024 amid improved conditions: Fitch
28th May 2025
Fitch Ratings, a global credit ratings agency and financial information provider, reports that the US personal lines insurance market returned to underwriting profitability in 2024 after three consecutive years of losses. Fitch reports that the sector’s statutory combined ratio dropped from 107% in 2023 to 97% in 2024, marking a 10-point ... Read the full article
US cyber insurance market remains profitable amid slower growth in 2024: Fitch
21st May 2025
Fitch Ratings, a provider of credit ratings, commentary, and research, reports that the US cyber insurance market continued to deliver strong underwriting profits in 2024, even as the pace of premium growth began to slow. According to Fitch Ratings, property and casualty insurers saw their third consecutive year of profitable results ... Read the full article
Europe’s big four reinsurers still on track to meet ‘ambitious’ 2025 targets, says Fitch
20th May 2025
Although the property and casualty (P&C) operations of reinsurers Munich Re, Swiss Re, Hannover Re, and SCOR were hit by elevated large loss costs in the first quarter of 2025, driven by the historic Los Angeles wildfires, analysts at Fitch Ratings feel the four companies are still on track to ... Read the full article
Reinsurance expansion strengthens credit position of German and French insurers: Fitch
22nd April 2025
Fitch Ratings, a provider of credit ratings, commentary and research, has said that the growing reinsurance activities of several German and French insurers are contributing to stronger credit profiles, provided the associated execution risks are well managed. In a new report, Fitch assesses the strategic move into reinsurance by eight European ... Read the full article
EU insurers likely to avoid crypto if 100% Solvency II charge adopted: Fitch
10th April 2025
A new report from Fitch Ratings has suggested that EU insurers are likely to keep their exposure to crypto assets minimal if proposals to set the Solvency II risk charge for such assets at 100% are adopted. According to the rating agency, the European Insurance and Occupational Pensions Authority (EIOPA) recently ... Read the full article
EMEA insurers exposed to secondary effects of US tariffs and geopolitical instability
9th April 2025
Fitch Ratings, a provider of credit ratings and financial analysis, has outlined the significant indirect risks facing EMEA insurers due to the ongoing US tariffs and resulting geopolitical tensions. While insurers in the region are not directly affected by the tariffs themselves, Fitch notes that they are increasingly exposed to the ... Read the full article
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
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