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 reports 7,112 wildfires in 2025, highlighting expanding threat across US
6th March 2025
According to Firas Saleh, Director of Wildfire Models for North America at Moody’s, a credit rating agency and provider of financial analysis, the United States has already seen 7,112 wildfires in 2025—around a 37% increase over the 10-year average for the same period. This rise in wildfire activity is not a ... Read the full article
Mandatory nat cat cover in Italy a credit positive for P&C sector: Moody’s
3rd March 2025
Moody’s Ratings has suggested that the new obligation for companies in Italy to take out insurance policies covering natural catastrophes risk is credit positive for the P&C insurance sector. The Italian government recently published an interministerial decree in the Official Journal, setting out further rules for mandatory insurance against natural disasters ... Read the full article
Moody’s downgrades RGA’s outlook following Equitable reinsurance agreement
28th February 2025
Moody's Ratings (Moody's) has affirmed the ratings of Reinsurance Group of America (RGA) and changed its outlook to negative from stable. According to the agency, the negative outlook “reflects the company's reduced financial flexibility and the financial strain on RGA's capital adequacy to fund the transaction with Equitable and its new ... Read the full article
Increased offshore reinsurance use raises concerns for life insurance sector: Moody’s
6th February 2025
The increasing trend of offshore reinsurance being used by US life insurers, particularly in the US, Bermuda and the Cayman Islands, is raising concerns about counterparty risk and regulatory transparency, according to a new Moody's report. The ratings agency views this growing practice with caution, citing potential negative credit implications for ... Read the full article
Reinsurance sector to assume at least 30% of total insured losses from LA wildfires: Moody’s
29th January 2025
Based on preliminary insured loss estimates, Moody's has said it expects the reinsurance sector to assume at least 30% of total insured losses from the devasting Palisades and Eaton wildfires in Los Angeles. As we've extensively covered, the highest loss estimate for the wildfires so far comes from CoreLogic, at ... Read the full article
U.S. casualty reserve development the biggest wildcard for reinsurers in 2025, say analysts
27th January 2025
Moody's insurance executives have identified U.S. casualty reserve development as the biggest wildcard for reinsurers in 2025, according to analysts at TD Cowen. Based on conversations with Moody's regarding their property & casualty outlook for 2025, TD Cowen stated that the rating agency anticipates the reinsurance industry's recent strong profitability will ... Read the full article
California wildfires poised to drive up property insurance costs, Moody’s reports
24th January 2025
Moody’s, a financial services company known for its credit ratings, research, and data solutions, has released an analysis highlighting the far-reaching financial impact of recent wildfires in California. According to Moody’s, the wildfires in Los Angeles County are projected to be the costliest in the state's history, with insured property losses ... Read the full article
Moody’s assigns A2 financial strength ratings to Nationwide P&C companies
20th January 2025
Moody's Ratings has assigned A2 insurance financial strength ratings to Nationwide Insurance Company of America, National Casualty Company, and Scottsdale Surplus Lines Insurance Company, all with a stable outlook. These companies are members of the property and casualty (P&C) insurance business owned by Nationwide Mutual Insurance Company (NMIC). Nationwide Insurance Company of ... Read the full article
Moody’s downgrades Mercury’s ratings on California nat cat exposure
20th January 2025
Moody's has downgraded the ratings of California-based Mercury General, citing the firm's concentration in the state and significant exposure to natural catastrophes. Moody's said, "We view this as an environmental risk as part of our environmental, social, and governance considerations. As the frequency and severity of natural catastrophes increase over time, ... Read the full article
Moody’s to acquire geospatial AI intelligence provider CAPE Analytics
13th January 2025
Moody’s Corporation has reportedly agreed to acquire CAPE Analytics, a provider of geospatial AI intelligence for residential and commercial properties across the U.S., Canada, and Australia. According to Moody’s, it will combine its Intelligent Risk Platform and catastrophe risk modelling with CAPE's geospatial AI analytics, building a property database that provides ... Read the full article
Billions in insurance losses expected from LA wildfires, Moody’s reports
13th January 2025
Wildfires currently affecting the Los Angeles area are expected to lead to significant financial losses for insurers, according to Moody's Ratings, a provider of credit ratings, research, and risk analysis. As of January 9, 2025, the Palisades and Eaton fires remain uncontained, causing property damage and evacuations. The ... Read the full article
LA wildfire insured losses could exceed $20bn: J.P. Morgan
9th January 2025
The destructive wildfires engulfing Los Angeles continue to burn and with containment efforts currently yielding little success, analysts at J.P. Morgan have doubled their preliminary insured loss estimate for the event to $20 billion or more, which would make it the costliest insured wildfire loss event in California's history. As analysts ... Read the full article
Aon partners with Moody’s to enhance credit risk management solutions
8th January 2025
Aon, a global professional services firm, has formed a partnership with Moody’s to provide insurance and risk management solutions for clients. This collaboration allows Aon’s Credit Solutions teams to connect their clients with Moody’s, helping them unlock valuable credit risk insights using Moody’s credit data and analytics. By combining Aon’s client expertise ... Read the full article
Moody’s adjusts global P&C insurance outlook to stable
31st December 2024
Ratings agency Moody’s has changed its outlook for the global property and casualty (P&C) insurance sector to stable from negative for 2025. The stable outlook is driven by factors such as improved personal lines pricing adequacy, commercial lines pricing remaining supportive of healthy results, and the fact investment income is expected ... Read the full article
OAK Re teams up with Moody’s to enhance global risk modelling for 2025 underwriting launch
17th December 2024
Reinsurance provider Oak Reinsurance (OAK Re), authorised to underwrite business beginning January 1, 2025, through its Lloyd’s Syndicate 2843, has partnered with Moody’s to integrate applications from the Moody’s Intelligent Risk Platform (including Risk Modeller and ExposureIQ). This collaboration enables OAK Re to gain a comprehensive, high-definition view of risks across ... Read the full article
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