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.
European insurance sector adapting to low interest rate environment: Moody’s
24th November 2017
Rating agency Moody's outlook for the European insurance sector is stable in light of improving economic growth, financial market stability and the willingness of industry participants to adapt their products. In a recent report discussing the European insurance sector in 2018, Moody's highlights s number of headwinds that will continue to ... Read the full article
U.S. life insurance sector outlook revised from negative to stable
17th November 2017
The U.S. life insurance sector outlook has been revised from negative to stable by Moody's Investors Service, reflecting the segment's strong capitalisation, equity markets and low asset defaults. After demonstrating resilience in the face of a low-interest rate environment, life insurers are expected to see revenue and capital improvement supported by ... Read the full article
Asian carriers’ hybrid debt issuance to increase
10th November 2017
In response to changes in regulation and capital holding requirements, Asian insurers are now more likely to issue hybrid debt, moving away from their traditional use of subordinated debt as a means to replenish their capital, according to Moody's Investors Service. Moody's said carriers' hybrid issuance will rise because hybrids' features, ... Read the full article
Regulatory measures in China mostly credit positive for insurers but challenges remain: Moody’s
10th November 2017
Regulatory measures implemented in China, so far this year, are mostly credit positive for Chinese insurance companies as they mitigate the build-up of risk, however, Moody's Investors Service also highlights a number of potential hindrances to market growth and profitability for certain companies. The regulatory landscape in China continues to evolve, ... Read the full article
California wildfires threaten a $4.6 billion+ industry loss: Moody’s
17th October 2017
Rating agency Moody's expects the recent California wildfires to be among the costliest on record for U.S. P&C insurers, with losses running into a credit negative close to $4.6 billion based on historical events and the number of structures damaged. "Assuming CAL FIRE’s estimate of 5,700 structures destroyed and an average ... Read the full article
Harvey, Irma, and Maria to drive overall Lloyd’s market loss, says Moody’s
13th October 2017
Analysts at Moody's expect the impacts of hurricanes Harvey, Irma, and Maria to result in an overall loss for the Lloyd's of London specialist insurance and reinsurance marketplace. Combined, Lloyd's announced previously that it expects hurricanes Harvey and Irma to drive losses of around $4.5 billion, net of reinsurance, estimates that ... Read the full article
Despite improvements in Q2, reinsurers’ income to fall in 2017: Moody’s
10th September 2017
Despite reinsurers' earnings increasing in the second-quarter of 2017 and an improved median combined ratio, on the back of lower catastrophe losses and high reserve releases, year-on-year, Moody's analysts expect combined returns to decline for its cohort of reinsurance companies for the remainder of 2017. For the 12 months ending June ... Read the full article
Net premiums down in Q2 as reinsurers look to less competitive lines: Moody’s
6th September 2017
Persistent pressures and intense competition in the global reinsurance industry led to a reduction in net written premiums (NWP) by 0.5% in Q2 2017, when compared with the previous year, and for the cohort of reinsurers tracked by international ratings agency, Moody's. According to the Moody's second-quarter 2017 global reinsurance report, ... Read the full article
P&C price reductions of up to 5% expected at Jan 18 renewals: Moody’s
6th September 2017
Persistent headwinds in the global reinsurance sector are expected to continue throughout 2017 and into next year, with Moody's suggesting that the January 2018 property and casualty (P&C) reinsurance renewals will see further softening across most business lines. Price declines in the reinsurance sector have slowed in more recent times, a ... Read the full article
Regional P&C insurers face heavy Harvey blow: Moody’s
29th August 2017
The devastating Texas floods triggered by hurricane Harvey are set to worsen into early September, triggering heavy losses for property & casualty re/insurers with primary insurers with a regional focus feeling the heaviest impact due to their geographical density, according to Moody's recent Credit Outlook. Moody’s named State Farm Mutual Automobile Insurance, The ... Read the full article
Commercial property pricing down in 2017, casualty to breakeven: Moody’s
6th July 2017
Analysts at Moody's Investors Service (Moody's) have noted a continuation of the weak commercial property pricing environment, with further declines expected in 2017, but does note an expectation that pricing in commercial casualty business will breakeven in 2017, for the third year running. Moody's has published its annual rate change and ... Read the full article
Moody’s upgrades outlook to stable for UK life re/insurers
28th June 2017
Moody's Investors Service has changed the outlook for the UK insurance and reinsurance life industry from negative to stable to include predictions of an expected "moderate and manageable" Brexit impact, in a report released recently. Dominic Simpson, Vice President Senior Credit Officer at Moody's, said the stable outlook is primarily a reflection ... Read the full article
Ogden rate cut could raise reinsurance pricing & demand: Moody’s
10th March 2017
Moody’s Investors Service said in a recent report that the Ogden rate cut could raise prices and demand for reinsurance, as insurers raise premiums in response to rising claims costs and prior year reserves see a one-off increase. On February 27, the UK government announced a 325 basis points fall in the ... Read the full article
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