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Reinsurance News
17th March 2020
Fitch Ratings has revised its rating outlook for the US life insurance industry from stable to negative, due to increased concerns about the coronavirus outbreak and its potential impacts on the credit quality of life insurers. Analysts explained that the outlook revision reflected greater uncertainties about disruptions in the financial markets, ... Read the full article
10th March 2020
AM Best has assigned a stable outlook to Japan’s life insurance industry, citing solid mortality/morbidity profits, a steady investment yield, and strong capitalisation. The rating agency noted that Japan’s life insurance segment grew by 2.9% in 2019 in terms of annualised premiums from policies in force. Core profit similarly increased to JPY ... Read the full article
4th March 2020
Re/insurance service provider Xceedance has announced the launch of its life insurance and reinsurance practice, headquartered in its newly established office in Liechtenstein. Xceedance's new Liechtenstein office has been established to serve life insurance and reinsurance markets and will be jointly led by Markus Brugger and Mark Lucas. The new practice will ... Read the full article
18th February 2020
Analysts at Fitch Ratings have said that the largest European reinsurers – Munich Re, Swiss Re, Hannover Re, and SCOR – benefit from a competitive advantage thanks to their leading positions in the life and health markets. Fitch noted that the life and health reinsurance market is characterised by an oligopolistic ... Read the full article
17th February 2020
The reinsurance arm of Arch Capital Group, Arch Reinsurance (Arch Re), has announced that it plans to obtain a majority stake in Precision Marketing Asia Pacific (PMAP). PMAP is an Australian company that provides marketing solutions to banks, insurance companies, retailers and health care organisations across the Asia Pacific region. The transaction ... Read the full article
20th December 2019
AM Best has maintained its stable market outlook for the US life/annuity (L/A) industry in 2020, citing strong capitalisation and improved liquidity among carriers, along with a manageable regulatory environment. The rating agency also highlighted companies’ measured approach to increasing investment risk as a positive factor in its stable outlook. US L/A ... Read the full article
12th December 2019
Moody’s Investors Service has assigned a stable outlook to the global life insurance sector in 2020, despite concerns about the adverse impact of low interest rates on profitability and solvency. Analysts believe the industry is supported by solid regulatory capital and relatively conservative investment portfolios, and has made efforts to adapt ... Read the full article
11th December 2019
Moody’s has assigned a stable outlook for Japan’s life insurers in 2020, as core profits and capital stay strong despite low interest rates. Analysts explained that the life sector is supported by strong and stable underwriting margins that will continue over the next 12-18 months. Capital is also expected to be supported ... Read the full article
6th December 2019
Swiss Re has finally found its exit point from its UK closed life book consolidator business, ReAssure, agreeing to sell the ReAssure Group plc business to the largest pensions and life consolidation specialist in Europe, Phoenix Group Holdings plc in a deal worth UK £3.25bn. Swiss Re has been seeking to ... Read the full article
5th December 2019
Fitch Ratings has revised its 2020 sector outlook for North American life insurers to negative from stable, following an unexpected decline in interest rates over the past year. Although the sector outlook is negative, analysts still expect ratings for North American life insurers to remain stable in the coming year. That said, ... Read the full article
4th December 2019
Global reinsurers are increasingly pressuring their US primary life insurer clients to charge higher premium rates for people who use e-cigarettes, according to reports from Reuters. People that vape or smoke have both typically had to pay almost double the premiums of non-vapers or non-smokers. However, new warnings issued by major reinsurance ... Read the full article
4th December 2019
Fitch Ratings has revised its sector outlooks for French and German life insurance from stable to negative, citing the impact of ultra-low interest rates on capital, earnings, and business models. Ratings for most insurers still remain stable, however, due to strong capital positions and ongoing efforts to reduce sensitivity to interest ... Read the full article
29th November 2019
Severe stress scenarios could cause the risk-based capital (RBC) of US life re/insurers to deteriorate to an extent that would put credit ratings under pressure, according to analysts at Moody’s. The rating agency currently considers the US life industry to be well capitalised with a median RBC ratio of 447%. However, it ... Read the full article
16th October 2019
French life re/insurers’ Solvency II ratios declined during the first nine month of 2019 as falling interest rates signalled pressure on future profits, according to Moody’s Investors Service. Interest rates have fallen significantly in 2019, causing some large French life insurers’ Solvency II ratios declined between 15 and 23 percentage points ... Read the full article
9th October 2019
Agam Capital, a New Jersey-based insurance solutions provider, has announced plans to form a joint life and retirement venture with alternative investment firm Värde Partners. The parties said they have entered an agreement to pursue the acquisition, reinsurance and management of life and retirement businesses globally. The venture will price and manage ... Read the full article
