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.
Cyber risk to intensify in 2025 as attackers switch tactics: Moody’s
12th December 2024
Cyber risk is set to intensify next year as attackers switch tactics in response to better corporate cyber defences, and as advances in artificial intelligence (AI) increase the volume and effectiveness of their strikes, says Moody's Ratings. According to Moody's 2025 cybersecurity outlook, ransomware attackers are expected to shift to targeting ... Read the full article
Lloyd’s expected to maintain strong earnings over 2025, says Moody’s
12th December 2024
Lloyd's of London is expected to continue producing strong earnings and capital over the next 12-18 months, due to underwriting discipline, favourable market conditions and robust investment returns, according to Moody's Ratings. However, analysts have warned that its profitability could wind up falling short of the strong results seen in 2023 and ... Read the full article
Moody’s assigns A3 Rating to Fortitude Re’s operating subsidiaries
11th December 2024
The three main operating subsidiaries of Bermuda-based Fortitude Reinsurance Company Ltd. (Fortitude Re) have been assigned A3 Insurance Financial Strength Ratings by Moody's, with a stable outlook. The rating actions concern Fortitude Reinsurance Co. Ltd., Fortitude International Reinsurance Co. Ltd., and Fortitude Life Insurance and Annuity Co. As well as these assignments, ... Read the full article
Moody’s maintains stable outlook on US life insurance
9th December 2024
Moody's Ratings has issued a stable outlook for the US life insurance sector in 2025, citing steady economic growth, and sustained high interest rates as key drivers. Moody's forecasts that the US economy will grow at a pace of 2% in 2025 and 1.8% in 2026, while also expecting long-term interest ... Read the full article
Potential acquisition of Direct Line by Aviva a credit positive for both groups: Moody’s
2nd December 2024
Analysts at Moody's Ratings have suggested that the potential acquisition of Direct Line by Aviva could bring credit positive benefits to both firms. Late last month, Direct Line rejected Aviva’s £3.28 billion 100% acquisition proposal, stating that it does not adequately reflect the company's standalone value, describing the offer as ... Read the full article
Flooding risk presents major credit challenges for Eastern and Southern US: Moody’s
27th November 2024
Destructive flooding recently caused by hurricane Helene highlights an increasing flood risk for local economies and tax bases, notably across the Eastern and Southern United States, says Moody's Ratings. However, according to analysts, as coastal and inland flooding events are beginning to become more frequent and severe, this growing hazard poses ... Read the full article
Moody’s changes outlook to stable for Italian life insurance, P&C remains stable
12th November 2024
Ratings agency Moody's has changed its outlook for the Italian life insurance sector to stable from negative, and maintained its stable outlook for Italian property and casualty (P&C) insurers. Analysts highlighted how Italian life insurers were hit by record net outflows in 2023, which was a reflection of high surrenders of ... Read the full article
Insurance premiums for CMBS properties rise 16% in 2023, says Moody’s Ratings
1st November 2024
According to Moody's Ratings, a financial services firm specialising in credit ratings, research, and risk analysis, insurance premiums for commercial mortgage-backed securities (CMBS) properties rose by 16.4% in 2023, far outpacing the 3.4% US consumer price inflation. Rising insurance costs, driven by extreme weather events, are becoming a major financial strain ... Read the full article
Reinsurers to hold firm on T&Cs following back-to-back hurricanes: Moody’s
24th October 2024
A new report from Moody's has noted that the large losses incurred from Hurricanes Helene and Milton will provide support for the stabilisation of property catastrophe reinsurance pricing going into the January 2025 renewals. "Earlier this year, it appeared that reinsurance pricing momentum had stalled as pricing for higher attaching layers ... Read the full article
Moody’s remains stable on Nordic P&C and Life insurance sectors
23rd October 2024
Moody's outlook remains stable for the Nordic property and casualty (P&C) and life insurance sectors, which according to the firm, reflects both sectors' robust overall profitability and solvency. Analysts at Moody's have suggested that improving economic conditions will drive growth in sales of both P&C and life products. The firm explained: "In ... Read the full article
Moody’s downgrades Saga Plc’s ratings
22nd October 2024
Moody’s Ratings has downgraded Saga Plc's corporate family rating (CFR) and backed senior unsecured debt ratings to B3 from B2 and the probability of default rating to B3-PD from B2-PD. The rating agency has also changed the company’s outlook to stable from negative. According to the announcement, this downgrade reflects Saga’s constrained ... Read the full article
Moody’s upgrades Hub’s corporate family rating with stable outlook
21st October 2024
Moody’s Ratings has upgraded Hub International Limited’s corporate family rating to B2 from B3, and its probability of default rating to B2-PD from B3-PD. According to Moody’s this decision was based on Hub’s steady credit metrics and our expectation that the company will maintain financial leverage toward the low end of ... Read the full article
Insurance pool PAID selects Moody’s to help model and manage earthquake risk in Romania
18th October 2024
Pool-ul de Asigurare împotriva Dezastrelor Naturale (PAID), an insurance pool against natural disasters established in Romania in 2009, has chosen Moody’s to help the company model and manage earthquake risk in Romania. PAID is an insurance organisation that consists of twelve insurers forming a pool to provide Romanian homeowners with compulsory ... Read the full article
As industry losses from Milton rise, more will flow to reinsurers: Moody’s
11th October 2024
A new report from Moody's has suggested that insured losses from Hurricane Milton will affect both primary insurers and the reinsurance sector, with the proportion of losses ceded to reinsurers increasing as losses increase. Milton made landfall on the 9th of October in Florida’s Sarasota County as a Category 3 hurricane, ... Read the full article
CoreLogic & Moody’s highlight billions in property exposure as Milton nears Florida
9th October 2024
Separate data analysis from CoreLogic and Moody's has revealed that 500,000 single-family and multifamily homes in Florida's Tampa Bay and Sarasota areas, with a reconstruction cost value of $123 billion, are at risk of storm surge from Hurricane Milton, while over 235,000 commercial properties in the state, worth $1.1 trillion, ... Read the full article
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