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.
Reinsurers well positioned for hurricane season: Moody’s
18th June 2018
A new report by Moody’s suggests reinsurers are to remain well-positioned for the rest of the 2018 hurricane season, which officially runs from June 1 to November 30. Experts predict near-historical storm averages for the Atlantic Basin, cooler-than-average sea-surface temperatures across the tropical North Atlantic, strong trade winds and sea level ... Read the full article
Climate change and aging populations pose greatest ESG risks, reports Moody’s
13th June 2018
Climate change and aging populations pose the greatest Environmental, Social, and Governance (ESG) risks to European re/insurers, according to a new survey by Moody’s Investors Service. Over 90% of respondents to Moody’s survey, which polled 15 European re/insurance companies, said that ESG is an important consideration for their businesses and brand ... Read the full article
Moody’s upgrades China’s life sector outlook from negative to stable
11th June 2018
Moody’s Investors Service has upgraded its outlook on the life re/insurance industry in China from negative to stable as the sector improves its product mix and stabilises its asset risks. A recent report by the rating agency found that risks are subsiding for Chinese life insurers’ product and investment portfolios, and ... Read the full article
U.S. life insurers to continue shedding legacy business throughout 2018, Moody’s
11th June 2018
A new report by Moody’s Investors Service has shown that legacy blocks of annuity, life, and employee benefits business are set to be further divested by life insurers in the U.S. with a desire to focus on value optimisation amid modestly favourable economic and market fundamentals. Moody's Vice President Laura Bazer ... Read the full article
Italy’s rising sovereign risks threaten major insurer ratings: Moody’s
6th June 2018
Moody’s Investors Service has placed Italian insurers Allianz S.p.A (Allianz Italy) and Unipol Gruppo S.p.A. (UG) on review for downgrade as the country faces a financial crisis following the election of a Eurosceptic coalition government. The announcement follows Moody's decision to place the Italian government's Baa2 debt rating under review for ... Read the full article
Solvency ratios for Chinese re/insurers remain strong at 200%: Moody’s
10th May 2018
Moody’s Investors Service has reported that the Chinese re/insurance sector continues to be well capitalised relative to risks taken, with most property and casualty (P&C) and life re/insurers maintaining comprehensive solvency ratios above 200% at the end of 2017. Results were found to vary considerably across segments, but in all cases ... Read the full article
Credit insurers prosper as tech investment increases: Moody’s
20th April 2018
Moody’s Investors Service has reported that the global credit insurance sector is currently benefitting from a supportive economic environment and new technologically-driven capabilities. Underwriting profitability for the credit sector has been strong since the financial crash, and the average combined ratio of the three leading insurers, Atradius Credito y Caucion S.A., ... Read the full article
Reinsurance pricing stable to positive following costly nat cat year: Moody’s
18th April 2018
Moody’s has reported that January 1 reinsurance price renewals were lower than the market expected following a year of substantial natural catastrophe losses, but still expects reinsurers’ profitability to improve modestly based on rate increases, efficiency initiatives, and slowly rising interest rates. Costly disasters in 2017 like the series of Atlantic ... Read the full article
Integrated tech contributes to broker sector growth: Moody’s
17th April 2018
Moody’s Investors Service has reported a stable 2018 sector outlook for re/insurance brokers, citing technological integration and investment as a contributing factor due to its capacity for promoting effectiveness and efficiency, and for reducing administrative and management costs. Although technology is already widely integrated in the sector, Moody’s predicts leading brokers ... Read the full article
Overall, U.S. tax reforms to benefit global brokers: Moody’s
9th April 2018
The U.S. tax reform is predicted to have an overall positive impact on brokers domiciled in the country, with the lower corporate tax rate boosting net profits. However, for highly leveraged private brokers the reforms could reduce earnings due to higher taxable income from limits on the deductibility of interest ... Read the full article
Japanese P&C outlook remains stable: Moody’s
3rd April 2018
Moody’s considers the outlook for the Japanese property and casualty (P&C) industry to be stable, citing strong domestic profitability and capitalisation, but predicts that further improvement is unlikely. Japan’s P&C sector has maintained a stable outlook since July 2012, largely owing to the profitability of its auto insurance, which constitutes its ... Read the full article
Climate change offers growth opportunities for re/insurers: Moody’s
27th March 2018
Moody’s has suggested that the effects of climate changes may present many opportunities for re/insurers to expand their operations by introducing new products, expanding existing ones, and by closing the protection gap. A recent report by the company predicts that insurance will likely become a more widespread part of comprehensive risk ... Read the full article
Stable 2018 global outlook for re/insurance brokers: Moody’s
26th March 2018
Moody’s Investors Service has reported that re/insurance brokers have a stable 2018 outlook, crediting high product demand, capital requirements, significant variable costs, and good profit margins and cash flows for the sector’s health. Brokers in the U.S will benefit in particular, due to steady economic growth, rising P&C re/insurance rates, and ... Read the full article
Strong re/takaful growth prospects for Islamic finance sector, reports Moody’s
20th March 2018
Moody’s has predicted that the Islamic finance and re/takaful sectors are likely to continue to exhibit strong growth in the coming years, largely driven by fertile growth prospects in Southeast Asia and North Africa. The takaful market, which is the Islamic alternative to insurance, attracted gross premium contributions of US $14.9 ... Read the full article
Climate change has a net negative credit impact on P&C industry: Moody’s
16th March 2018
Climate change creates significant challenges for the property and casualty (P&C) re/insurance industry, posing risk management and financial risks which account for a net negative credit impact on the sector, according to a recent Moody's report. "The effects of climate change on the frequency and severity of catastrophic events are difficult ... Read the full article
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