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.
Generali’s new strategic plan is credit positive, says Moody’s
3rd December 2018
The new 3-year strategic plan from Italian insurance giant Generali is broadly credit positive, according to analysts at Moody’s Investors Service, as it targets debt reduction and greater earnings diversification. The insurer announced its ‘Generali 2021’ growth plan last week alongside claims that it was on track to hit all ... Read the full article
AIG’s new European post-Brexit carriers receive stable ratings
30th November 2018
Moody’s has assigned A2 insurance financial strength (IFS) ratings and stable outlooks to American International Group’s (AIG) new post-Brexit European carriers, AIG UK Limited and Luxembourg-based AIG Europe S.A. (AESA). AIG recently formed these units in order to ensure continuity of service for it its European policyholders and business partners once ... Read the full article
P&C re/insurers facing $15bn hit from California wildfires: Moody’s
30th November 2018
The current insured losses for property and casualty (P&C) re/insurers as a result of the Camp and Woolsey fires in Northern California's Butte County and Southern California’s Ventura County, respectively, have been estimated by Moody’s to stand at between $10 billion and $15 billion. On November 25, the California Department of ... Read the full article
Re/insurers must overcome “growth bottlenecks” in ASEAN markets: Moody’s
22nd November 2018
Growth prospects for re/insurance in many of the major Association of Southeast Asian Nations (ASEAN) markets are supported by strong socio-economical fundamentals, but the industry must find new ways to overcome common “growth bottlenecks”, according to a report from Moody’s Investors Service. The report highlighted challenges such as the expansion of ... Read the full article
Moody’s still stable on European insurance sector, but warns of headwinds
20th November 2018
Global financial services ratings agency, Moody's Investors Service, has maintained its stable outlook on the European insurance industry in light of the expectation of gradually rising interest rates and still solid economic growth. Despite its still stable outlook for the sector, Moody's does warn that the prospect of more merger and ... Read the full article
Up to $6bn insured loss from devastating Californian wildfires: Moody’s
14th November 2018
The Camp and Woolsey Wildfires, which last Thursday broke out in California’s Butte and Ventura Counties and continue to rage despite containment efforts, are expected to cause an estimated $3 billion to $6 billion in insured losses, according to Moody’s. The financial services company says that, assuming the California Department ... Read the full article
Rising motor prices drive improved outlook for French P&C sector: Moody’s
9th November 2018
Moody’s Investors Service has changed its outlook on the French Property and Casualty (P&C) insurance sector from negative to stable, reflecting rising prices and lower claims frequency in the key motor insurance market. French P&C insurers are also likely to benefit from a rise in interest rates, as they will gradually ... Read the full article
Re/insurers to benefit from rising interest rates, says Moody’s
1st October 2018
Rising global interest rates are expected to be credit positive for the profitability of global re/insurance companies, according to Moody’s Investors Service. Moody’s is anticipating solid economic growth for the G-20 countries in 2018 and 2019, driven largely by the U.S, but growth will likely peak at the end of this ... Read the full article
Florence losses will be comfortably absorbed by P&C sector: Moody’s
17th September 2018
Insured losses resulting from Hurricane Florence may dampen third-quarter earnings but will generally be comfortably absorbed by the property and casualty (P&C) re/insurance sector, with no foreseeable impact on the overall pricing environment, according to Moody’s. Hurricane Florence made landfall as a Category 1 storm in North Carolina on Thursday night, ... Read the full article
Strong capital & consolidation drives stable reinsurance sector outlook: Moody’s
4th September 2018
Strong balance sheets and sector-wide consolidation via M&A are among the drivers for improved credit profiles of reinsurers, with Moody’s global outlook remaining stable. Higher interest rates and an increased demand from primary insurers in 2018 have alleviated some of the long standing imbalance between supply and demand whilst improving reinsurers’ ... Read the full article
Stable outlook for China’s P&C insurance industry: Moody’s
13th August 2018
Moody’s Investors Service has set its outlook for China’s Property & Casualty (P&C) insurance industry to stable; this view is reinforced by regulatory measures protecting the industry against a narrowing in underwriting margins from intensified motor insurance competition. "Our stable outlook is mainly driven by our expectation that insurers' underwriting profit ... Read the full article
Outlook for German life re/insurance remains negative, P&C stable: Moody’s
10th August 2018
The outlook for the German life re/insurance industry remains negative due to a combination of low interest rates and high guaranteed returns attached to past policies, while modest price increases have helped the property and casualty (P&C) sector stay stable, according to Moody’s Investors Service. Moody’s recognised the relatively strong economic ... Read the full article
Moody’s upgrades Brazilian insurance sector outlook to stable
9th August 2018
Moody’s Investors Service has changed its outlook for Brazilian insurers from negative to stable for the next 12-18 months in light of an improvement in underwriting disciple that it believes will drive an increase in premiums and stable profitability, despite slow economic growth. "Even though Brazil´s currently weak economic environment limits ... Read the full article
Swiss Re’s potential ReAssure IPO is credit positive: Moody’s
9th August 2018
Moody’s has claimed that an initial public offering (IPO) of ReAssure, Swiss Re’s UK closed book business, would be credit positive for the reinsurance giant as it would reduce its exposure to credit and market risk and free up risk capital for deployment elsewhere. Swiss Re’s Chief Executive Officer (CEO), Christian ... Read the full article
Japan’s life insurers offer answers to global peers in era of low interest rates: Moody’s
25th July 2018
In an era of perennially low interest rates life insurers should look to Japan, where the industry has remained largely profitable despite facing consistently low rates for over two decades, Moody’s says. The report states that Japanese life insurers have adjusted to perpetually low rates by developing highly-effective liability management strategies. Major ... Read the full article
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