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 improves Japan life outlook to stable
8th June 2021
Moody’s has revised its industry outlook for Japan’s life insurance sector from negative to stable, based on improving capitalization, resilient underwriting profit and a recovering operating environment. The rating agency believes that these factors will enable insurers to maintain their credit strengths over the next 12-18 months, despite lingering threats from ... Read the full article
Reinsurance pricing strength to continue into Jan 2022: Moody’s
4th June 2021
Analysts at Moody’s have noted that the 2021 Atlantic hurricane season activity looks set to be “well above long-term historical averages,” which could result in continued pressure on reinsurance rates. According to forecasters, the combination of warmer than average sea surface temperatures in the tropical Atlantic Ocean and Caribbean Sea, weaker ... Read the full article
COVID losses for major Japanese P&C insurers offset by domestic profit: Moody’s
4th June 2021
According to analysts at Moody’s, the pandemic-related losses for overseas business for the three major Japanese P&C insurance groups in 2020 were largely offset by the strong profit from domestic business. The rating agency expects the groups, MS&AD Insurance Group, Sompo Holdings and Tokio Marine Holdings (TMH), to maintain prudent capital ... Read the full article
Moody’s revises US life outlook to stable
18th May 2021
Moody’s has revised its outlook for the US life insurance sector to stable, following what it classifies as a strong US economic rebound in 2021. This rebound is seen as being primarily driven by the improving health of individuals amid mass vaccinations, a factor which itself is key to enabling an ... Read the full article
Environmental risk management increasingly important for Chinese insurers: Moody’s
30th April 2021
Analysts at Moody’s Investors Service have reported that Chinese insurers' rising exposure to climate-related disasters and decarbonisation policies will negatively impact earnings and capitalisation if not managed properly. The report noted that environmental risks are also becoming an increasingly important credit driver for Chinese insurers as their exposure to climate-related catastrophic ... Read the full article
Climate change regulation to benefit re/insurers: Moody’s
31st March 2021
Analysts at Moody’s believe that a growing focus on climate change by global re/insurance regulators will ultimately be beneficial to the industry. The rating agency suggested that closer regulatory scrutiny of climate risk will push re/insurers to better evaluate and monitor climate-related threats. It is also expected to support re/insurers in making ... Read the full article
Hong Kong GWS framework will improve risk management: Moody’s
30th March 2021
Analysts at Moody’s believe the Hong Kong SAR's Insurance Authority (IA) implementation of groupwide supervision (GWS) will help to improve insurance groups' governance and capital management framework. The use of GWS will help to strengthen insurance groups' capital and risk management, enhance their public disclosure and reduce the scope for regulatory ... Read the full article
Lockton partners with Four Twenty Seven to provide climate data
10th March 2021
Lockton Global Real Estate & Construction has entered into a partnership with Four Twenty Seven, an affiliate of Moody’s, in order to help clients integrate climate science into business decisions. Four Twenty Seven uses data-driven risk analysis to score assets’ exposure to the physical risks associated with climate change and other ... Read the full article
Moody’s outlines optimistic forecast for European reinsurers
4th March 2021
Analysts at Moody’s have outlined a broadly optimistic forecast for the largest European reinsurers in 2021, even as pockets of risk remain. In aggregate, Hannover Re, Munich Re, SCOR, Swiss Re suffered a 69% fall in net income over 2020 compared to the prior year period. Pandemic-related business interruption (BI) and event ... Read the full article
Industry survey reveals divided census over 2021 P&C covid losses
1st March 2021
A comprehensive survey of Reinsurance News' industry contacts has revealed a clear divide in expectation for 2021's eventual COVID-19 impact on the Property & Casualty segment, with 27% of respondents feeling the figure will fall over $100 billion. A further 27% felt the eventual loss would land between $70 billion and ... Read the full article
Reinsurance rates not yet in line with risks: Moody’s
25th February 2021
Analysts at Moody’s are predicting that reinsurance rates will continue to rise significantly throughout 2021, on the basis that operating returns are not compensating reinsurers for the risks they assume. While the January renewals did yield some positive pricing trends for reinsurers, rates are still remain well below levels seen in ... Read the full article
2020 losses overshadow reinsurance pricing gains: Moody’s
23rd February 2021
Reinsurers have reported “lackluster” results for 2020, according to analysts at Moody’s, who argue that the catastrophe and COVID-19 losses incurred last year overshadowed pricing gains. For the full year, Moody’s noted that reinsurers’ combined ratios were generally in the 102% to 110% range, even as investment gains helped to lift ... Read the full article
Indian insurers set to withstand economic downturn: Moody’s
25th January 2021
Moody’s has reported a relatively optimistic outlook for the Indian insurance sector given the economic downturn across the country resulting from the COVID-19 pandemic. The rating agency noted that insurance premium growth's deceleration has been limited, supported by strong demand for health coverage, favourable regulation and increased digitalisation Specifically, Moody’s expects general ... Read the full article
Impact of business interruption ruling is manageable: Moody’s
21st January 2021
Analysts at Moody’s have reported that the recent business interruption ruling by the UK Supreme Court is a credit negative for re/insurers, although the financial impact on individual companies will be manageable, net of reinsurance protection. Additionally, the clarity provided by the judgement should ultimately benefit the industry by ending damaging ... Read the full article
Stable APAC outlook underpinned by resilient growth: Moody’s
23rd December 2020
Moody’s Japan says that its stable outlook for the Asia Pacific re/insurance sector is underpinned by generally strong capitalisation, steady product margins and resilient premium growth. While the pandemic has temporarily disrupted policy sales, Moody’s believes that insurers' premium base is supported by long-duration existing policies. Analsts added that new sales should ... Read the full article
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