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.
US P&C sector outlook stable despite further claims inflation, says Moody’s
15th September 2022
A recent report by Moody's affirmed that its stable outlook for the US commercial P&C insurance sector reflects strong underwriting profitability, despite slowing price increases and persistent claims inflation. Premium growth will also continue despite the economic slowdown says Moody’s, with expected real GDP growth of 1.9% in 2022 and 1.3% ... Read the full article
Alternative capital market poised to resume growth trend: Moody’s
9th September 2022
A positive pricing momentum for reinsurance will help alternative capital – capital from investors in the form of collateralized reinsurance, catastrophe bonds and reinsurance sidecars – to restart growth after five years of poor returns, according to a recent Moody’s report. Over the past 15 years, alternative capital has grown from ... Read the full article
Japanese fire premiums to rise amid increasing climate risk: Moody’s
8th September 2022
Moody’s predicts that Japanese P&C insurers will increase fire insurance premiums, shorten policy durations, and use location-specific pricing to account for the growing frequency and intensity of climate-related natural catastrophes. This will be a credit positive for insurers, says Moody’s, as it will give them greater flexibility to lower premiums for ... Read the full article
Reinsurance sector to benefit from rising prices & strong investment income: Moody’s
6th September 2022
According to a Moody’s Investors Service report, reinsurance earnings will be strengthened by increasing prices and higher investment income amid rising interest rates. Catastrophe losses and a heightened perception of risk following the pandemic have fuelled an increase in demand for both primary commercial and reinsurance property and casualty (P&C) protection, ... Read the full article
Multiyear rate increases and low catastrophes lead to strong operating returns: Moody’s
5th September 2022
US and Bermuda reinsurers have seen strong operating returns in the first half of 2022 with the conflict in Ukraine contributing to “modest” losses, said Moody’s analysts in a recent report. Analysts highlighted that the reinsurers' earnings performance was mainly driven by multiyear increases and a low level of catastrophe losses. According ... Read the full article
Capital adequacy remains a key strength for Europe’s big four: Moody’s
31st August 2022
According to a Moody’s Investors Service report, falling bond and equity prices resulted in a significant decline in reported shareholders' equity, though capital adequacy remains a key strength for Europe’s big four reinsurers, confirming the cohort's capacity to absorb future shocks. Rising rates were positive for the sector’s regulatory Solvency II ... Read the full article
Peak Re’s insurance financial strength rating downgraded by Moody’s
30th August 2022
Peak Re has seen its insurance financial strength rating (IFSR) downgraded to Baa1 from A3 by Moody’s. Moody's said it has also downgraded the backed subordinated debt rating on the subordinated perpetual securities issued by Peak Re (BVI) Holding Limited to Baa3(hyb) from Baa2(hyb). These securities are irrevocably and unconditionally guaranteed ... Read the full article
Nat cats a key consideration for Europe’s big four reinsurers in H2, says Moody’s
30th August 2022
Natural catastrophes have weakened Europe’s big four reinsurers' results in H1, and with the peak North Atlantic hurricane season still to come, there is a risk that they might do so again in H2, says a Moody’s investors service report. The four reinsurers reported combined net profits of €1.9bn in the ... Read the full article
Europe’s big four see P&C reinsurance underwriting performance deteriorate: Moody’s
26th August 2022
Europe’s big four average net combined ratio from property and casualty (P&C) reinsurance deteriorated to 98.9% from 95.5% a year earlier, with only Munich Re reporting a stronger P&C combined ratio, says Moody’s. The report suggests that the group's weaker P&C underwriting performance partly reflects several small to mid-sized natural catastrophe ... Read the full article
Pricing conditions to remain favourable for reinsurers in 2023: Moody’s
25th August 2022
Analysts at Moody’s have asserted that pricing conditions will remain favourable for reinsurers next year, with momentum expected to continue through the January 2023 renewal season. With the Atlantic hurricane still to run its course this year, the rating agency believes it remains too early to determine whether reinsurers will post ... Read the full article
Moody’s Analytics and RMS name Andrew Hare as APAC Managing Director
17th August 2022
Andrew Hare has been appointed Managing Director, Asia Pacific at RMS, a Moody's Analytics company that provides risk modelling and solutions. Bringing almost 25 years of experience in the industry, Hare will be responsible for integrating and leading the strategy and execution across the combined RMS and Moody’s Analytics Insurance Vertical, ... Read the full article
Moody’s assesses Italian insurers after downgrading government outlook
11th August 2022
Following Moody’s change in outlook on the government of Italy (Baa3) to negative from stable, the agency has taken a number of rating actions on three Italian insurers and related subsidiaries. Generali’s A3 insurance financial strength rating (IFSR) was affirmed with a stable outlook; and a similar action was taken on ... Read the full article
Fidelis underwriting separation untested with execution risk potential: Moody’s
5th August 2022
Moody’s has assigned a Baa2 Long-Term Issuer rating to Fidelis Insurance Holdings Limited (FIHL) and A3 Insurance Financial Strength (IFS) ratings to its key (re)insurance operating subsidiaries, with a stable outlook for the group. Even though these ratings reflect Fidelis’ strength and quality, Moody’s stated that the separation of Fidelis’ underwriting ... Read the full article
Revisions to capital measurement are credit neutral for Chinese insurers – Moody’s
28th July 2022
Moody’s Investors Service has realigned the solvency ratio rating triggers for 22 rated Chinese insurers, following revision to capital measurement under the China Risk-Oriented Solvency System (C-ROSS) second phase. The ratings agency says the change in reported solvency ratios better reflects their economic capital. The China Insurance Regulatory Commission ... Read the full article
Moody’s affirms Allianz’s ratings, moves outlook to positive
11th July 2022
Moody’s has affirmed Allianz’s Aa3 insurance financial strength rating (IFSR), moving its outlook to positive from stable. The firm confirmed that it had also affirmed the IFSR of Allianz S.p.A. at A3, of Euler Hermes at Aa3, and of Allianz Life at A1 and changed the outlook on these entities to ... Read the full article
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