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 enhances risk management with TomTom’s precise location data
31st May 2024
Moody’s has selected TomTom’s global location data to enhance the accuracy and relevance of geocoding analyses across various workflows in its risk management solutions. This data will be integrated into Moody’s Insurance Geocoder, combining TomTom’s highly accurate location data with Moody’s modelling capabilities. This integration will provide organisations in the insurance, ... Read the full article
Moody’s downgrades American Family’s IFS with stable outlook
30th May 2024
Moody's Ratings (Moody's) has downgraded the insurance financial strength (IFS) rating of American Family Mutual Insurance Company from A1 to A2, assigning a stable outlook for the company and its subsidiaries. Additionally, Moody’s downgraded the senior unsecured notes rating of AmFam Holdings, a subsidiary of American Family Insurance Mutual Holding Company, ... Read the full article
US homeowners looking to boost profits as weather-related losses & inflation take toll, Moody’s
9th May 2024
US homeowners insurers are raising premiums and tightening policies to help offset weakening profitability from weather-related losses, as well as exposure to catastrophe-prone areas and inflation, according to a Moody's report. Firstly, it is important to note that the the profitability of the US homeowners lines has been volatile over the ... Read the full article
Moody’s upgrades Assured Guaranty’s IFS with stable outlook
9th May 2024
Moody’s Ratings (Moody’s) has upgraded Assured Guaranty Corp.’s (AGC) insurance financial strength (IFS) rating to A1 from A2, and assigned an stable outlook for the firm and its subsidiaries. According to the announcement, the upgrade of AGC’s IFS rating reflects the company’s strong risk-adjusted capital adequacy, the significant improvement in the ... Read the full article
Moody’s and Bitsight launch new cyber risk solution
26th April 2024
Cyber risk manager Bitsight and Moody’s have launched a new cyber risk solution that will cover over 300 million organisations worldwide. The Implied Cyber Threat (ICT) is an offering built on Bitsight's cyber risk analytics engine and Moody's Orbis company database. It was designed to provide cyber risk insights and valuable market ... Read the full article
Louisiana’s property insurance market faces rising costs and climate risks: Moody’s
25th April 2024
The property insurance market in hurricane-prone Louisiana faces escalating challenges due to rising premiums and the expenses of claims following severe weather events, according to analysts at Moody’s Ratings. Moody’s recent report highlights Louisiana's vulnerability to destructive storms, prompting insurers to exit the market. Consequently, premiums in the state rank highest ... Read the full article
Regulators to increase US life insurers’ capital risks transparency, use of offshore reinsurance a concern: Moody’s
24th April 2024
In its latest US Life & Health Insurance update, Moody’s analysts have highlighted improving capital risks transparency as regulators top priority as well as their concern regarding the increase in the use of offshore reinsurance by life insurers. “This year will be another active one on the regulatory front for US ... Read the full article
April storms expected to increase claims & reinsurance costs for GCC insurers: Moody’s
23rd April 2024
The April storms that struck the United Arab Emirates, Oman, Saudi Arabia and other Gulf Cooperation Council (GCC) countries are expected to "push up" local insurers’ claims and reinsurance costs, say's Moody's. Analysts noted that smaller insurers with more marginal profitability will be most impacted. However, while insurers are expected to only ... Read the full article
Moody’s predicts strong growth in UK BPA market in 2024, boosting life insurers
22nd April 2024
Analysts at Moody’s Investors Service anticipate robust growth in the UK bulk purchase annuities (BPAs) market, projecting strong profits and capital gains for life insurers throughout 2024. Despite the influx of new capital, Moody’s predicts that the balance between supply and demand will remain favourable for current participants, resulting in a ... Read the full article
Moody’s changes Peak Re’s outlook to stable from negative
19th April 2024
Moody's has changed the outlook of Peak Reinsurance Company Ltd. to stable from negative along with affirming the firm's insurance financial strength rating (IFSR) as Baa1. The outlook change is attributed to Moody's view that contagion risk from the reinsurer's majority shareholder Fosun International Limited, particularly in the form of strain ... Read the full article
European insurers’ CFOs maintain cautious profit optimism amid challenges: Moody’s
17th April 2024
Moody’s Investors Service analysts highlight that chief financial officers (CFOs) from leading European insurers maintain a cautious sense of optimism regarding profitability, despite facing challenges such as sluggish economic growth and increased competition. According to Moody’s report, the three primary concerns for CFOs in 2024 are sluggish economic growth, financial market ... Read the full article
Moody’s forecasts strong underwriting discipline for trade credit insurers in 2024
28th March 2024
Analysts at Moody’s Investors Service anticipate that trade credit insurers will maintain strong underwriting discipline in 2024, supported by robust financial reserves, despite an increase in insolvencies and claims resulting from a global economic downturn. Moody’s observes a persistent increase in corporate defaults in early 2024, which is expected to lead ... Read the full article
Europe’s big four reinsurers doubled combined earnings in 2023, says Moody’s
27th March 2024
Analysts at Moody’s Investors Service report that the four largest European reinsurers—Munich Re, Swiss Re, Hannover Re, and SCOR — achieved a combined earning of €10.2 billion in 2023, more than double their earnings in 2022, attributed to higher prices and improved investment returns. Moody’s report underscores that all four companies ... Read the full article
Global insurance broker’s outlook stable for 2024 on strong organic growth: Moody’s
22nd March 2024
Moody’s predicts a 2024 stable outlook for the insurance brokerage sector, underpinned by constructive global economic growth, a favourable commercial property & casualty (P&C) rate environment, and stable EBITDA margins. According to Moody’s report, organic growth is to remain in the mid-single digits or higher as economic growth stabilises and P&C ... Read the full article
IRRD will positively impact policyholders, says Moody’s
21st March 2024
Moody’s Investors Service analysts underscore the positive impact of the EU’s Insurance Resolution and Recovery Directive (IRRD) on policyholders. The IRRD, an EU-wide legislative framework set to be implemented in 2026, aims to uphold financial stability and safeguard policyholders during insurer financial turmoil. According to Moody's report, the IRRD mandates EU member ... Read the full article
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