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.
China P&C outlook turns negative on motor stress: Moody’s
28th October 2021
Moody’s has issued a negative outlook for the property and casualty (P&C) insurance sector in China, based on the expectation that motor lines will continue to bear underwriting losses beyond 2021. Non-motor lines are likely to support premium growth at low single-digit percentages in 2021 and mid single-digit percentages in 2022, ... Read the full article
Moody’s completes RMS acquisition
15th September 2021
Moody’s Corporation has announced the completion of its acquisition of catastrophe risk modelling firm RMS, having first signalled the deal on August 5. RMS is a leading global provider of climate and natural disaster risk modeling and analytics. The acquisition is seen as a way to expand Moody’s insurance data and ... Read the full article
First half a good starting point, but recent cat activity to pressure CRs: Moody’s
13th September 2021
Aided by reduced impacts from the COVID-19 pandemic on the property and casualty (P&C) side of the business, reinsurers' normalised and reported combined ratios (CR) trended down in the first half of the year, but additional pressure is expected amid an active catastrophe experience so far in H2, according to ... Read the full article
Flood modeller Fathom secures Moody’s investment
9th September 2021
Flood risk modeller Fathom has announced a minority investment from Moody’s Corporation, the global risk assessment firm, in a deal described by the former as huge recognition for its work in the space. The deal will see Moody’s assume one seat on its board of directors. “National and regional economies, insurers and ... Read the full article
Reinsurance buyers expect further price rises in low single digits: Moody’s
8th September 2021
The results of a new survey by Moody’s show that property and casualty (P&C) reinsurance buyers expect prices to rise further in 2022 across all lines, but only at a low single digit percentage range. This expectation compares with the high single digit or even double digit increases that the market ... Read the full article
Moody’s turns stable on reinsurance amid economic recovery
7th September 2021
Analysts at Moody’s have decided to change their outlook on the reinsurance sector from negative to stable as prices continue to increase amid a global economic rebound. The rating agency expects rate increases to drive stronger earnings for reinsurers through 2022, and notes that capitalization has remained solid with solvency ratios ... Read the full article
Reinsurers could suffer meaningful losses from Hurricane Ida, warns Moody’s
31st August 2021
With the U.S. Gulf Coast being a peak catastrophe zone for reinsurance companies, analysts at Moody's have warned that the impact of Hurricane Ida could drive meaningful losses for those with exposure to Louisiana and surrounding states. Hurricane Ida hit Louisiana on Sunday as a Category 4 hurricane with 150 ... Read the full article
Cat losses cast shadow over European reinsurers’ H2 profits: Moody’s
19th August 2021
Analysts at Moody’s say that large catastrophe events in July have “cast a shadow” over the profitability outlook for the largest four European reinsurers for the remainder of the year, despite strong results over the first six months. Munich Re, Swiss Re, Hannover Re and SCOR all reported sharply higher profit ... Read the full article
Structured Alpha investigation could hurt Allianz’s future results, warns Moody’s
10th August 2021
According to Moody's, the US Department of Justice (DOJ) investigation of the Structured Alpha Funds managed by Allianz Global Investors US, Allianz’s asset management subsidiary, has raised a risk which could potentially affect the future financial results of the carrier. The US Securities and Exchange Commission (SEC) launched an investigation ... Read the full article
Moody’s to acquire RMS for $2bn
5th August 2021
Moody's has entered into an agreement to acquire catastrophe risk modelling firm RMS for approximately $2.0 billion from Daily Mail and General Trust. The acquisition will increase Moody’s insurance data and analytics business to nearly $500 million in revenue and will accelerate the development of the company’s global integrated risk capabilities ... Read the full article
German floods show climate challenge for homeowners insurers: Moody’s
22nd July 2021
Analysts at Moody’s have labelled the recent catastrophic flooding in Germany as a “consequence of climate change,” and warned that German insurers could find it challenging to protect homeowners against climate risk in future without significant price increases. The floods, which impacted the southern part of the German federal states of ... Read the full article
Moody’s turns stable on UK life sector
8th July 2021
Moody’s has decided to change its outlook on the UK life insurance sector to stable from negative, one year after the coronavirus pandemic resulted in a shift to negative The rating agency notes that the sector’s operating profit and capitalisation were resilient in 2020, and are expected to remain robust over ... Read the full article
Pandemic BI dispute exposes insurer expectation mismatch: Moody’s
28th June 2021
Recent disputes between insurers and policyholders over the scope of coronavirus-related business interruption (BI) policies have highlighted the dangers of a mismatch between insurers' expectations and those of their customers, says Moody’s. The rating agency is predicting that EMEA insurers will need to focus on product innovation and risk prevention in ... Read the full article
European insurers primed for more M&A: Moody’s CFO Survey
23rd June 2021
European insurers appear to be emerging from the pandemic with a stronger appetite for mergers and acquisitions (M&A), according to a survey of Chief Financial Officers conducted by Moody’s. Respondents seemed to indicate that mergers and acquisitions are increasingly being seen as a means of adapting business models to sluggish long-term ... Read the full article
Cat bond growth propelled by strong investor demand: Moody’s
17th June 2021
Moody’s has reported that the catastrophe bond market saw record issuance in 2020 despite a brief pause in Q2 following a particularly tumultuous period for the financial markets. And looking ahead through 2021, the rating agency expects cat bond issuance to continue to grow with strong investor demand for the ... Read the full article
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