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 upgrades Talcott Financial Group & subsidiaries outlook to positive
16th August 2024
Moody’s Ratings has upgraded the insurance financial strength (IFS) ratings of Talcott Resolution Life Insurance Company and Talcott Resolution Life and Annuity Insurance Company from Baa2 to Baa1. The company also upgraded the senior unsecured debt rating of Talcott Resolution Life, Inc. and the issuer rating of Talcott Financial Group, Ltd. ... Read the full article
Moody’s RMS puts Hurricane Debby US private market insured loss at less than $1.5bn
15th August 2024
The U.S. private market insurance industry loss from Hurricane Debby is not expected to exceed $1.5 billion, while losses to the National Flood Insurance Program (NFIP) from the event will be less than $300 million, according to Moody’s RMS Event Response. Hurricane Debby was the fourth named storm of the 2024 ... Read the full article
Hurricane Debby losses to largely fall within reinsurance retentions: Moody’s
6th August 2024
The majority of insured losses from Hurricane Debby are anticipated to fall within primary insurers’ retentions under their reinsurance coverages, as per James Eck VP-Senior Credit Officer, Financial Institutions Group at Moody’s Ratings. Hurricane Debby is the second hurricane to form in the Atlantic basin this season, having recently made landfall ... Read the full article
Cyber insurance losses from CrowdStrike outage to be driven by business interruption: Moody’s
29th July 2024
Cyber insurance losses related to the CrowdStrike outage will be driven by business interruption, Moody’s has highlighted in a recent report, who also warned that determining final losses for the industry will be a lengthy process due to cyber insurance policy language not being standardised. Caused by a flawed software update ... Read the full article
Hurricane Beryl US insured losses to fall between $2.5bn & $4.5bn: Moody’s RMS
16th July 2024
Moody’s RMS Event Response has estimated that U.S. insured losses from Hurricane Beryl will likely fall between $2.5 billion and $4.5 billion, encompassing damage from wind, storm surge, and precipitation-induced flooding. At the same time, according to the firm, losses to the National Flood Insurance Program (NFIP) from this event are ... Read the full article
Commercial real estate risks still emerging, especially in the office segment, Moody’s
9th July 2024
Commercial real estate (CRE) remains a large exposure for US life insurers, which hold over $900 billion in CRE, or roughly 17% of total invested assets, mostly in commercial mortgage loans (CMLs) and commercial mortgage backed securities (CMBS), however in the past few years, weak spots have begun to emerge ... Read the full article
MSCI and Moody’s partner to enhance ESG and sustainability solutions
2nd July 2024
Research provider MSCI and global ratings agency, Moody’s Corporation, have entered a strategic partnership aimed at enhancing transparency in ESG and sustainability and improving decision-making capabilities by leveraging each other's strengths. Under the agreement, MSCI will provide its ESG ratings and content, which evaluate how companies manage financially significant ESG risks ... Read the full article
HD flood modelling vital for mitigating risk: Moody’s RMS
28th June 2024
After the severe flooding in central Europe between late May and early June, it is crucial for insurers and reinsurers to understand and manage this complex risk, which can be achieved using the latest generation of high-definition (HD) catastrophe risk models, according to Moody’s RMS. Moody’s RMS Event Response estimates that ... Read the full article
Insurers continue to face capital challenges: Aon
18th June 2024
Aon, a global insurance and reinsurance broking group, has released its latest capital poll, highlighting the capital challenges and growth prospects for insurers. The challenges faced in 2023 significantly reduced the financial buffers that many insurers previously benefitted, leading to a heightened focus on capital management and diverse funding sources. Despite robust ... Read the full article
Intensified regulatory scrutiny on EU life insurers potentially hitting profits: Moody’s
17th June 2024
Moody's, a credit rating agency, has released a report emphasising intensified regulatory scrutiny on European Union life insurers to ensure their products deliver "value for money," potentially impacting profitability and operational strategies, particularly for unit-linked and hybrid products. Since 2018, reports from the European Insurance and Occupational Pensions Authority (EIOPA) have ... Read the full article
European P&C insurers vulnerable with reinsurers unlikely to restore coverage levels: Moody’s
12th June 2024
Moody's, a credit rating agency, has released a report highlighting that European property and casualty (P&C) insurers are facing a structural, rather than cyclical, increase in vulnerability to weather events. This change is primarily due to the steep reduction in reinsurance availability and rising costs, forcing primary insurers to bear a ... Read the full article
An active hurricane season could have profound effects on the re/insurance industry: Moody’s
11th June 2024
A very active Atlantic hurricane season is predicted for 2024, which could potentially have profound effects on the re/insurance, CRE, and supply chain sectors, as well as on credit worthiness and general economic strength for particular global regions and for broader markets, according to Moody’s. Since 2017, when the 12-year hurricane ... Read the full article
Insurers’ private credit holdings set to keep growing, Moody’s
6th June 2024
Insurers are set to keep increasing their private credit holdings throughout the coming years, with almost 80% saying they plan to increase their holdings of at least one class of private credit over the long term, according to a recent analysis by Moody's. Private credit accounts for 36% of insurers' total investments ... Read the full article
Moody’s changes outlook of US P&C personal insurance sector to stable
5th June 2024
Moody's has changed the outlook for the US property & casualty (P&C) personal insurance sector to stable from negative, reflecting continued improvement in underwriting results. According to the rating agency, insurers in this sector have "significantly increased pricing" in both personal auto and homeowners to address high auto repair and construction ... Read the full article
The rise of private credit in life insurers’ investment strategies: Moodys
3rd June 2024
The growing use of private credit by life insurers to optimise investment portfolios and align asset allocation with product liabilities is garnering heightened attention from regulators globally, including those highlighted in a recent report by financial research firm, Moody's. However, the regulation of insurers' investments often varies significantly by jurisdiction. In their ... Read the full article
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