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.
Moody’s shifts outlook on QBE from ‘negative’ to ‘stable’
27th June 2022
Moody’s has changed its outlook on QBE from negative to stable, affirming its A3 issuer rating. At the same time, Moody’s said it affirmed the A1 insurance financial strength ratings (IFSR) of QBE's main operating subsidiaries and had changed the outlooks to stable from negative. Moody’s said in a note: “The change ... Read the full article
UK insurers will remain well capitalised under SII reforms – Moody’s
24th June 2022
UK insurers’ solvency will remain robust under proposed post-Brexit regulatory reforms. The proposals, subject to consultation until 21 July 2022, seek to amend the European Union’s Solvency II insurance capital rules so that they better reflect UK insurers’ risk profiles. Drawn up by the UK Treasury, ... Read the full article
Moody’s places Peak Re’s ratings on review for downgrade
17th June 2022
Moody’s has placed the A3 insurance financial strength (IFSR) rating of Peak Reinsurance Company Limited (Peak Re) under review for downgrade. The rating agency is concerned of contagion risks to Peak Re increasing as Fosun's credit profile weakens. This action follows the rating action placed to review for downgrading the Ba3 corporate ... Read the full article
“Russia’s invasion of Ukraine negatively impacting cyber market” – Moody’s
16th June 2022
Russia’s invasion of Ukraine has led to a situation in which cyber insurers are increasing rates and narrowing coverage due to the possibility of cyberattacks. A new note from Moody’s says that while attacks related to the conflict have not yet risen to a level previously feared, further and large-scale attacks ... Read the full article
Rising inflation & construction costs to hit combined ratios: Moody’s
8th June 2022
Analysts at Moody’s have warned that rising inflation and construction costs, in combination with catastrophe losses, are set to impact the combined ratios of insurers and reinsurers through 2022 and beyond. In a new report, the rating agency examined the consequences of inflation and mounting losses for homeowners and commercial property ... Read the full article
Moody’s upgrades Dutch outlooks to stable
6th June 2022
Moody’s Investors Service has changed its outlook on Dutch property & casualty (P&C) insurers to stable from negative as rising premiums help offset claims inflation. The rating agency has also revised the outlook of Dutch life insurers to stable as interest rates rise. Analysts believe that rising interest rates are positive for ... Read the full article
Prolonged inflation to weigh on insurer profits: Moody’s
25th May 2022
Analysts at Moody's Investors Service have warned that a prolonged period of high inflation would weigh on EMEA insurers' profit and could bring adverse second order effects. In particular, the rating agency expects property and casualty (P&C) insurers to face higher claims costs because of inflation, although these could be offset ... Read the full article
Korea insurance sector remains ‘stable’ – Moody’s
17th May 2022
The Korean insurance sector has been assessed by Moody’s as being stable. The agency said that this was underpinned by its expectation of rising interest rates and the transition to a new capital regime, which will support insurers' profitability, capitalisation, and asset quality. Gil Jo, analyst at Moody’s said: "We expect Korean ... Read the full article
“Lloyd’s market returned to profitability last year” – Moody’s
12th May 2022
The Lloyd’s market achieved its first underwriting profit in five years last year, according to a new note from Moody’s. The agency said that the improvement reflected the market’s efforts to increase its prices, cut costs, and withdraw from unprofitable business. These factors have strengthened the market's underlying underwriting performance, which ... Read the full article
Baltic and Independent State banks most at risk of Russia conflict: Moody’s
8th April 2022
Analysts at Moody’s have reported that banks in the Baltics and in the Commonwealth of Independent States are most exposed to the effects from Russia's invasion of Ukraine and have limited buffers to absorb the impact if it is prolonged. The conflict is causing a commodity price and supply shock that ... Read the full article
Russia-Ukraine conflict creates new risks for insurers: Moody’s
7th April 2022
According to Moody’s, the economic consequences of Russia’s invasion of Ukraine creates new risks for global insurers and asset managers, with the impact of the crisis depending on its severity. Moody’s has created its own baseline scenario, which resulted in the G20 economies’ GDP growth slowing to 3.6% in 2022, compared ... Read the full article
Moody’s predicts a strong renewals season
6th April 2022
Years of above-average insured cat losses has led to an environment of increased capital deployments towards property cat reinsurance because of increased pricing, says Moody’s in a new note. The agency said that reinsurers have so far this year boosted probably maximum loss (PML) exposures as higher pricing has drawn more ... Read the full article
New capital requirements in Japan are credit positive: Moody’s
6th April 2022
Moody’s has said that Japan's new economic capital regulations for insurers are credit positive by encouraging more efficient capital management. The firm said in a new report that the regulations will improve insurers' capital management, promote balanced risk-taking and make capital metrics more reflective of, and responsive to, interest rate changes. ... Read the full article
AIG’s newly rebranded Corebridge gets ratings from Moody’s
1st April 2022
Corebridge Financial, the recently rebranded Life & Retirement business of AIG, has been assigned a Baa2 long-term issuer rating by Moody's, and has had the A2 insurance financial strength ratings of its life insurance subsidiaries affirmed, with all ratings carrying a stable outlook. Corebridge is an intermediate holding company that ... Read the full article
Final re/insurance claims “highly uncertain” from new Russia aircraft law
24th March 2022
A new report from Moody’s has stated that at this stage it is unclear whether insurers will have to pay all current claims for lessors, in regards to the new Russian aircraft law effectively preventing foreign lessors from repossessing their aircrafts. Under usual circumstances, lessors are insured for this risk, but ... Read the full article
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