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Fitch revises Markel’s rating outlook to negative
22nd April 2020
The ratings for Markel Corporation's core property and casualty insurance subsidiaries have been affirmed by Fitch Ratings, although the Rating Outlook has been revised to Negative from Stable. Specifically, Fitch has affirmed the 'A+' (Strong) Insurer Financial Strength (IFS) ratings for Markel Corporation's principal P/C insurance subsidiaries, and the firm's senior ... Read the full article
Despite headwinds, A.M. Best holds stable outlook on US health insurance
9th April 2020
Ratings agency A.M. Best has maintained its stable outlook on the U.S. health insurance market despite the impacts of the ongoing COVID-19 coronavirus pandemic. A.M. Best has held its stable outlook on the sector in light of positive market trends that were evident through year-end 2019 and into the first-quarter of ... Read the full article
Coface placed on Rating Watch Negative by Fitch
1st April 2020
Global financial services ratings agency, Fitch Ratings, has placed Coface on Rating Watch Negative amid expectations that the trade credit insurance industry will be negatively impacted by the ongoing COVID-19 coronavirus pandemic. According to Fitch, the impacts and uncertainty being created by the virus outbreak means that it is now more ... Read the full article
Sirius International’s ratings downgraded, placed under review by A.M. Best
5th March 2020
International financial services ratings agency A.M. Best has downgraded the credit ratings of Sirius International Insurance Group, Ltd. and its main rated subsidiaries, and, at the same time, has placed these ratings under review with negative implications. Specifically, A.M. Best has downgraded the Financial Strength Ratings (FSR) to A- (Excellent) from ... Read the full article
AM Best’s post-Brexit arrangements will apply irrespective of EU trade deal
3rd February 2020
A.M. Best has said that measures it has implemented to prepare for a post-Brexit environment will apply irrespective of the UK's ability to reach a trade with the European Union (EU) by December 2020. Like many other global organisations within the UK financial services sector, ratings agency A.M. Best has taken ... Read the full article
A.M. Best turns negative on Sirius International
22nd November 2019
Global financial services ratings agency, A.M. Best, has revised its outlooks to negative from stable for Sirius International Insurance Group, Ltd. and its main rated subsidiaries, citing the deterioration of the firm's operating performance metrics since 2017. Specifically, A.M. Best has revised the outlooks to negative and affirmed the Financial Strength ... Read the full article
Moody’s upgrades AmWINS ratings, outlook stable
28th October 2019
Moody’s Investors Service has upgraded the corporate family rating and first-lien credit facility ratings of AmWINS Group, Inc. and changed its ratings outlook from positive to stable. The corporate family rating was changed from B2 to B1, based on the company’s strong credit metrics, while the first-line credit facility ratings moved ... Read the full article
Competitive landscape likely to pressure returns for reinsurers: A.M. Best
13th September 2019
Global ratings agency A.M. Best has maintained a stable outlook for the reinsurance sector, but has warned that the competitive nature of the market suggests that returns are likely to fall below the historical mean. After holding a negative outlook for the reinsurance sector for a number of years, stabilised pricing ... Read the full article
AM Best upgrades IGI’s rating to ‘A’ from ‘A-‘
11th September 2019
International financial services rating agency, A.M. Best, has upgraded the financial strength and credit rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to "a" from "a-" of International General Insurance Co Ltd., (IGICL) (Bermuda) and International General Insurance Company (UK) Limited. According to A.M. Best, the ... Read the full article
Underwriting discipline to prevail, but earnings volatility could be on rise: S&P
7th August 2019
As the majority of large, global reinsurance companies opted to increase their natural catastrophe exposure in light of the improved rate environment, analysts at S&P have warned that while discipline is expected to persist, earnings and capital volatility could be on the rise for some. After a prolonged soft market cycle, ... Read the full article
ESG risks increasingly important for re/insurers, says Moody’s
9th July 2019
The potential and unknown impacts of climate change, social pressures and governance issues can all have an impact on insurers and reinsurers, resulting in an increased focus on environmental, social, and governance (ESG) risks amongst regulators, investors and clients, reports Moody's. The financial services ratings agency warns that ESG risks can ... Read the full article
Positive momentum suggests a shift towards more desired risk-adjusted pricing: S&P
25th June 2019
S&P Global Ratings maintains that it would not characterise the reinsurance market as a hard one, but more of a firm one as improved rate momentum in both April and June signals a shift towards more desired risk-adjusted pricing. 2019 renewals have been fairly promising, with reinsurance rate movement throughout the ... Read the full article
AM Best revises Doha Insurance outlook to negative, reinsurance initiatives a factor
21st June 2019
A.M. Best has revised the outlooks from stable to negative of Doha Insurance Group Q.P.S.C., reflecting the continued deterioration of its underwriting performance, combined with concerns around its underwriting risk management practices. At the same time, A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer ... Read the full article
A.M. Best changes credit ratings of INTEGRAND following regulatory action
6th June 2019
A.M. Best has changed the credit ratings of Puerto Rico-based P&C re/insurer, INTEGRAND Assurance Company, following a recent court decision that placed the firm under regulatory supervision primarily as a result of Hurricane Maria loss development. In response to the regulatory action, A.M. Best has removed from under review with negative implications ... Read the full article
Activity in the European insurance run-off market to increase, says S&P
21st May 2019
International financial services rating agency, S&P Global Ratings, expects stable to gradually increasing activity in Europe's property and casualty (P&C) run-off market. More so for longer tail lines, S&P expects annual growth in liabilities in run-off of between 1% and 2% until the year 2020. Over the next few years, the ratings ... Read the full article
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