Reinsurance News
Moody’s news
News featuring rating agency Moody’s, including the latest reports, rating actions and analysis from the company, as well as news on Moody’s analysis of the reinsurance sector.
Reinsurance demand to remain strong but prices to peak in 2024, says Moody’s
5th March 2024
Analysts at Moody's Investors Service expect demand for reinsurance protection to remain strong in 2024 but warns that while reinsurers have scope to push through further price increases, as competition intensifies in the sector, prices will likely peak this year. Moody's is the latest to predict a peak in reinsurance pricing ... Read the full article
CIS insurers to face new risks as they expand reinsurance business internationally: Moody’s
27th February 2024
To compete against international reinsurers’ better prices, and increase profitability, insurers in countries part of the Commonwealth of Independent States (CIS), will likely grow their reinsurance business, but this would also bring new risks, according to Moody’s analysts. According to the agency’s report, CIS insurers, led by companies in Uzbekistan and ... Read the full article
CatX partners with Moody’s RMS to bolster analytics capabilities
21st February 2024
CatX, the regulated digital marketplace connecting insurers, reinsurers and brokers with alternative capital, has strategically partnered with risk modeller Moody’s RMS to support brokers and cedents in accessing a broader capacity base and model and price risk more effectively. Under this partnership, CatX is enhancing its capabilities with the addition of ... Read the full article
Inflation, climate and legal risks among headline challenges for Euro P&C insurers in 2024
20th February 2024
As per a new report from Moody's, claims inflation and increased exposure to weather events are the "main credit risks" for European property & casualty (P&C) insurers in 2024. According to Moody's analysts, consumer price inflation is receding, but wage increases "will fuel a continued rise" in claims expenses. In turn, ... Read the full article
Collapse of Zurich-Viridium deal highlights PE role in back-book consolidation: Moody’s
19th February 2024
The cancellation of Viridium Gruppe’s planned partial purchase of Zurich Germany’s life book has renewed concerns that regulators are scrutinising private equity (PE) backed consolidators in the life sector more closely, which may reduce the pace of back-book consolidation, Moody’s analysts have highlighted. In 2022 Zurich and Viridium started talks ... Read the full article
US P&C insurers seek higher prices and advanced models in response to SCS: Moody’s
8th February 2024
According to a recent report by Moody's, the P&C sector faced significant financial setbacks last year, primarily attributed to a series of severe convective storms (SCS) rather than major catastrophes. These storms, encompassing hail, straight-line winds, and tornadoes, though individually less costly, collectively amassed considerable damages, surpassing $60 billion out of ... Read the full article
Red Sea attacks heighten risks for marine insurers, war risk premiums surge: Moody’s
6th February 2024
In recent developments, ongoing attacks on Red Sea shipping lanes have prompted a surge in war risk premiums, posing challenges for marine insurers worldwide, according to a Moody's report. The disruptions to shipping routes have raised concerns about potential losses, prompting shipping companies to reassess their coverage in the face of ... Read the full article
Moody’s sees reinsurance pricing remaining largely favourable in 2024
24th January 2024
Analysts at Moody's have highlighted how the reinsurance industry witnessed strong results in 2023, despite a continued elevated level of catastrophe activity, which saw more than $100 billion global insured losses. Moody's explained that development, which came after many years of challenged results, was aided by a number of factors. This included: ... Read the full article
Jan renewals reflect moderate gains as supply constraints ease: Moody’s
23rd January 2024
In the latest analysis from Moody's, the January 2024 reinsurance renewals have shown moderate gains as supply constraints eased, resulting in balanced dynamics between supply and demand. Despite global insured catastrophe losses reaching approximately $108 billion in 2023, well above the historical average, reinsurers posted strong profitability, largely due to severe ... Read the full article
EY and Moody’s forge alliance to enhance risk management for financial institutions
11th December 2023
Ernst & Young LLP (EY US) has forged an alliance with Moody's Analytics, Inc, which combines EY's consulting services with Moody's financial intelligence and analytical tools. The EY-Moody's Alliance provides clients with the tools to leverage data and analytics, offering insights into market dynamics, customer behaviour, and operational intricacies. This comprehensive approach ... Read the full article
Global P&C insurers face mounting challenges in cat risk management: Moody’s
8th December 2023
According to a recent report by Moody's, the Property & Casualty (P&C) insurance sector is witnessing a shift as primary insurers retain more risk following the raising of attachment points by reinsurers looking to reduce frequency losses to offset years of poor returns. Historically, primary perils like hurricanes and earthquakes have ... Read the full article
Moody’s stays negative on global P&C insurance sector
8th December 2023
Moody's has announced its outlook remains negative for the global property & casualty (P&C) insurance sector, based on "continued weak underwriting results in personal lines, particularly in the US and Europe." Writing in a report on the matter, the rating agency noted that primary insurers are retaining a higher proportion of ... Read the full article
Moody’s turns negative on ten Chinese insurers following sovereign rating action
7th December 2023
Moody's Investors Service has changed to negative from stable the outlooks on nine Chinese insurers and a related overseas subsidiary. The credit rating agency has also maintained stable outlooks on three of the insurers, and affirmed all the ratings and assessments of the affected thirteen insurers. According to Moody’s these rating actions ... Read the full article
Moody’s revises Allianz’s outlook to Stable, affirms A2 IFSR
28th November 2023
Moody's Investors Service has affirmed the A2 insurance financial strength rating (IFSR) of Allianz S.p.A., the Italian subsidiary of Allianz SE, and simultaneously revised the outlook from negative to stable. The rating affirmation and outlook revision are attributed to the improved credit quality of the Government of Italy (Baa3 stable), evidenced ... Read the full article
European insurers adjust investment strategies amid economic uncertainty: Moody’s
22nd November 2023
In response to rising interest rates, persistent inflation, and subdued economic growth, European insurers are poised to recalibrate their investment portfolios, gradually shifting towards higher quality bonds, according to a Moody's report. This move follows a previous trend where insurers increased exposure to lower quality instruments during the low-interest-rate era to ... Read the full article
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