Reinsurance News

Fitch

Fierce competition leads to buyers market for cyber re/insurers: Fitch

16th May 2018

Profitable results in the fast-growing cyber space have led to fierce competition and a buyers market, with renewal rates expected to suffer, according to Fitch Ratings. Fitch observed that cyber continues to represent a significant growth opportunity for U.S property & casualty (P&C) re/insurers, driven by increasingly high-profile cyber-attacks and regulatory requirements. In ... Read the full article

Bermuda reinsurers remain strong despite challenging 2017: Fitch Ratings

11th May 2018

Whilst profitability remains under pressure after a trying 2017, Bermudian reinsurers have proven resistant to losses thanks to strong capitalisation, positive pricing, low exposures, and conservative reserving practices, according to Fitch Ratings’ latest peer review of the sector. 2017 was a year of record-breaking catastrophe losses, with Hurricanes Harvey, Irma, and ... Read the full article

Fitch stays negative on reinsurance but expects improved profitability in 2018

8th May 2018

Fitch Ratings has maintained its negative outlook for the global reinsurance sector in light of ongoing competition, low interest rates and the influx of alternative capital, but does state that profitability is likely to improve for the industry in 2018. The ratings agency expects reinsurer profitability to improve in 2018, driven ... Read the full article

Liability insurers’ D&O rates set to decline further in 2018: Fitch

21st March 2018

Property/casualty insurers active in the directors & officers (D&O) liability market could have difficulty maintaining underwriting performance in 2018 as market pricing remains highly competitive, and claims' trends point to challenges ahead, according to Fitch Ratings. As a niche segment in the U.S. insurance market D&O insurance has seen a trend ... Read the full article