Reinsurance News
Fitch
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
Africa Specialty Risks secures BBB+ credit rating with positive outlook from Fitch
23rd September 2024
Fitch Ratings has assigned Africa Specialty Risks (ASR), a pan-African and Middle East focused re/insurance group a BBB+ long term Insurer Financial Strength (IFS) Rating with a positive outlook to ASR Re. According to Fitch, ASR Re’s ratings reflect its very strong capitalisation and low leverage. Additionally, the reinsurer’s expanding business volumes ... Read the full article
Global reinsurance premiums to continue to grow: Fitch
8th September 2024
Global rating agency Fitch forecasts global reinsurance net premiums written to continue to grow in 2024 and 2025, forecasting USD 173.4 billion and USD 183.8 billion, respectively, with the impact of catastrophe losses to worsen. “Premiums growth is likely going to continue, but at a reduced pace, as rate adequacy has ... Read the full article
Global reinsurers to maintain stringent T&Cs to limit exposure to secondary perils: Fitch
4th September 2024
According to analysts at Fitch Ratings, global reinsurers are likely to maintain stringent terms and conditions to limit their exposure to secondary perils "as weather-related losses become increasingly significant and volatile due to climate change." The agency stated that the tightening of terms and conditions for natural catastrophe cover is a ... Read the full article
Better motor and buildings insurance results support German non-life earnings: Fitch
28th August 2024
Fitch Ratings has revised its sector outlook for the German non-life insurance market to ‘improving’ from ‘neutral’ in June 2024, as the rating agency predicts better underlying profitability supported by strongly rising premium rates in motor and buildings insurance. According to a recent Fitch report, the sector premium is now forecasted ... Read the full article
Non-life insurance premium rate trends differ throughout Europe: Fitch
30th July 2024
As per Fitch Ratings, non-life insurance premium rates are showing different trends across numerous European markets, following the rating agency's mid-year review of insurance sector outlooks. According to Fitch, non-life insurers have been looking to increase prices to offset high claims inflation and reinsurance costs, however their ability to do so ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
