Reinsurance News
Fitch
Fitch upgrades Athora’s IFS ratings to A+ following PIC acquisition
1st April 2026
Fitch Ratings has upgraded the Insurer Financial Strength Ratings of SRLEV N.V. and Athora Life Re Ltd. to ‘A+’ from ‘A’, and the Long-Term Issuer Default Ratings of Athora Holding Ltd. and Athora Netherlands N.V. to ‘A’ from ‘A-’, all with stable outlooks. The rating upgrades follow Athora’s completion of ... Read the full article
Europe’s big four reinsurers delivered record average ROE in 2025: Fitch
20th March 2026
On the back of a strong 2025, Fitch expects the four largest European reinsurers to maintain balance-sheet resilience into 2026, driven by strong capital generation and reserve strengthening, despite a ‘deteriorating’ global reinsurance sector outlook and shifting macroeconomic conditions. This assessment follows a robust year for Munich Re, Swiss ... Read the full article
Strong earnings recovery solidifies SCOR’s positive outlook: Fitch
17th March 2026
French reinsurer SCOR SE has demonstrated significant financial recovery in its 2025 results, which confirm the group’s resilience and capacity to deliver strong capital and earnings performance, according to a credit comment from Fitch Ratings. SCOR reported an adjusted net income of EUR846 million for 2025, representing a return on ... Read the full article
Territorial disputes, regime changes are political & geopolitical risks for insurers: BMI’s Sano
26th January 2026
Territorial disputes, regime changes, and the possible shifting of global alliances are the main themes of political and geopolitical risks insurers need to watch for in 2026 and beyond, according to Yoel Sano, Head of Global Political and Security Risk at BMI, a multinational research firm and Fitch subsidiary. At the ... Read the full article
Fitch predicts further re/insurance softening in 2026, but ROEs to stay strong
19th January 2026
The insurance and reinsurance market is expected to experience further softening in 2026, yet profitability is to remain robust, with returns on equity (ROEs) remaining above the industry’s cost of capital, Fitch Ratings notes in a recent report. Fitch forecasts that while ROEs may dip from the high teens seen in ... Read the full article
Jan 1 renewal points to weaker but still strong reinsurer profitability in 2026, says Fitch
8th January 2026
Record levels of reinsurance capital supply from traditional and alternative sources outpaced incremental demand from buyers at the January 1st, 2026, renewals, and as pricing "reverted broadly to 2022 levels", analysts at Fitch Ratings expect global reinsurers' profitability to decline but remain strong in 2026. Reinsurance broker reports revealed further price ... Read the full article
US P&C set for strong 2026 despite shifting landscape: Fitch
31st December 2025
US property and casualty (P&C) insurance is set to maintain strong underwriting profitability through 2026, despite a shifting landscape, marked by social inflation, slow economic growth, and heightening competition, according to a new report by Fitch Ratings. Fitch has issued a ‘neutral’ sector outlook for 2026, including commercial and personal lines. ... Read the full article
Sri Lankan insurers’ cyclone losses limited, reinsurers to absorb most non-motor losses: Fitch
18th December 2025
Fitch Ratings expects most Sri Lankan insurers' losses from Cyclone Ditwah flooding to be limited due to low non-motor retention and reinsurance. However, the National Insurance Trust Fund Board (NITF), the country's sole local reinsurer, is more exposed to losses due to a lack of retrocession. The agency expects the sector’s underwriting ... Read the full article
Fitch’s outlook for global insurance sector is ‘neutral’ despite pockets of deterioration
17th December 2025
Fitch Ratings has assigned a ‘neutral’ global sector outlook for the insurance industry in 2026, which reflects a stable operating environment in most markets and a sector that remains resilient, despite facing increasingly challenging conditions in specific markets. While the broader picture remains stable, the rating agency noted that there are ... Read the full article
Fitch maintains ‘neutral’ outlook for US P&C insurance sector amid strong profitability
8th December 2025
Fitch Ratings maintains a ‘neutral’ fundamental sector outlook for the US property/casualty (P&C) insurance sector in 2026, as well as for both commercial and personal lines. This assessment is based on the sector’s solid starting position for the year, which is supported by strong overall statutory performance, continued favourable personal auto ... Read the full article
Surprise if there’s no ‘lowering of attachment points on property cat,’ says Fitch’s Arrivé
7th September 2025
Property catastrophe rates are expected to decline at year-end, but a number of factors will keep underwriting discipline, Brian Schneider, Senior Director at Fitch Ratings noted at RVS 2025 in Monaco, with Manuel Arrivé, CFA, Director, suggesting that it's likely reinsurers could participate lower down on programmes to meet demand ... 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
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
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
US private flood insurance growth helps close the nation’s protection gap: Fitch
22nd July 2025
The US private flood insurance market is growing, addressing the nation’s significant gap between economic and insured losses from flood events, which remain largely underinsured despite being one of the costliest perils for homeowners, a recent report by Fitch Ratings has revealed. In the US, flood insurance historically had a very ... Read the full article
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