Reinsurance News
Fitch
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
2025 robust bulk annuity market to benefit UK life insurers: Fitch
25th April 2025
Strong bulk annuity volumes are expected for 2025, which will continue to benefit UK life insurers despite potential challenges from regulatory changes, according to a recent Fitch Ratings report. Driven by favourable market conditions and significant capital inflows, analysts expect transactions to exceed GBP40 billion for the third year in a ... 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
Public-private reinsurance scheme could benefit EU markets as climate change intensifies: Fitch
7th February 2025
Global ratings agency Fitch Ratings believes that insurance markets across the European Union (EU) could benefit if recent proposals to establish a bloc-wide public-private reinsurance scheme for climate-related losses moves forward. For background, the proposals were published in a joint paper by the ECB and the European Insurance and Occupational Pensions ... 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
Changes to reinsurance reforms may impact Australian insurers’ credit profiles, says Fitch
20th November 2024
According to analysts at Fitch Ratings, changes to reinsurance-related capital requirements proposed by the Australian Prudential Regulation Authority (APRA) could wind up supporting Australian general insurers’ credit profiles over the medium term if they improve access to reinsurance protection. But, the agency notes, that catastrophe reinsurance pricing and the frequency, severity ... Read the full article
Rise in demand for cat bonds driven by climate-risk mitigation: Fitch
13th November 2024
In an effort to effectively manage risk, re/insurers are continuing the use of capital markets to access catastrophe bonds amid a firm market, driving up the issuance of insurance-linked securities (ILS), a trend that is expected to persist, Fitch has highlighted. This, according to analysts, also presents a unique opportunity ... Read the full article
Fitch revises outlook on QBE & subsidiaries to positive
12th November 2024
Fitch Ratings has revised the outlook on all the ratings of Australia-based QBE Insurance Group Limited and its subsidiaries to Positive from Stable, while affirming QBE's Long-Term Issuer Default Rating at 'A-' and the Insurer Financial Strength (IFS) Ratings of the core subsidiaries' at 'A+' (Strong). Analysts confirmed that the positive ... Read the full article
Fitch Ratings upgrades Generali’s outlook to positive
29th October 2024
Fitch Ratings has upgraded the Outlook for Assicurazioni Generali S.p.A. (Generali) and its core subsidiaries to Positive from Stable, while affirming the Insurer Financial Strength (IFS) Rating at ‘A+’. Fitch has also affirmed Generali’s Long-Term Issuer Default Rating (IDR) at ‘A’. The Positive Outlook follows Fitch’s recent upgrade of Italy’s sovereign Outlook ... Read the full article
Adequate capacity leads to stable Asia Pacific reinsurance pricing, says Fitch
15th October 2024
According to Fitch Ratings, adequate capacity has led to stable reinsurance market pricing for the Asia Pacific (APAC) region throughout 2024. Fitch notes that Asia's premium-pricing rates signalled stable pricing in 2024 renewals, in comparison to 2023, according to various different brokers. A key example is from insurance and reinsurance broker Aon, ... Read the full article
Hurricane Helene unlikely to impact FHCF or Citizens ratings, but may trigger NFIP reinsurance: Fitch
3rd October 2024
Hurricane Helene is not likely to affect credit ratings for property & casualty re/insurers, Citizens Property Insurance or the Florida Hurricane Catastrophe Fund (FHCF), but could trigger the National Flood Insurance Program's (NFIP) catastrophe reinsurance, according to Fitch Ratings. The global rating agency has based its assessment on an initial estimate ... Read the full article
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