Reinsurance News
ratings
Ratings are a critical component of the insurance and reinsurance market, providing important indications of financial strength and creditworthiness for insurers and reinsurers.
Read all of our insurance and reinsurance ratings news below.
Resilient profits underpin stable Chinese life outlook: Moody’s
21st December 2020
Moody's Investors Service has assigned a stable outlook to the Chinese life insurance industry for 2021, citing resilient profitability and capitalisation. Large recurring premiums, which reflects the industry's earlier efforts to shift its product focus to long-term regular premium policies, will also improve overall income stability, Moody’s said. And business growth could ... Read the full article
AM Best ends IRB Brasil Re review as management improves
10th December 2020
Am Best has removed IRB Brasil Re’s ‘under review with negative implications’ status following improvements in the company’s enterprise risk management (ERM) and underwriting practices. The rating agency also affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of IRB, although the outlook of ... Read the full article
Global reinsurance outlook remains stable: AM Best
7th December 2020
Rating agency AM Best has maintained a stable outlook on the global reinsurance industry for 2021, as positive pricing momentum and tighter terms and conditions continue to offset negative factors. Analysts currently believe that market hardening will continue for at least two more years, which should help to balance against uncertain ... Read the full article
Fitch stays negative on US life
4th December 2020
Fitch Ratings has maintained its negative outlook on the US life insurance industry for 2021 due to ongoing concerns about the economic fallout from the COVID-19 pandemic. Analysts explained that the economic shock could cause deterioration in key credit metrics over the next one to two years. "Fitch's negative rating outlook for ... Read the full article
Turkish insurance ratings under pressure: Fitch Ratings
16th November 2020
Fitch Ratings has released a new report which shows that Turkish insurers' Financial Strength ratings are under pressure from the Negative Outlooks on the Turkish sovereign and Turkish banks' ratings. Insurers have limited exposure to lira volatility as policyholder liabilities are mostly denominated in local currency, and the sector's technical profitability ... Read the full article
AM Best turns negative on Singapore Re
9th November 2020
Rating agency AM Best has revised its outlook for Singapore Reinsurance Corporation Limited (Singapore Re) from stable to negative, reflecting increasing pressure on the firm’s business profile assessment. In particular, analysts noted that Singapore Re may be overly reliant on a small number of concentrated local cedants, some of which have ... Read the full article
S&P upgrades Flood Re ratings
9th October 2020
S&P Global Ratings has announced that it has now raised its long-term issuer credit and insurer financial strength ratings on Flood Re Ltd. to 'A' from 'A-', resulting in a stable outlook. The upgrade reflects upon the rating agency’s increased confidence in the success and effectiveness of the Flood Re scheme. The ... Read the full article
AM Best reports mixed credit rating changes over H1
6th October 2020
Analysts at AM Best say credit rating activity was mixed over the first half of 2020 with upgrades mostly outnumbering downgrades. Nevertheless, the rating agency found that the percentage of upgrades for US P&C carriers’ Issuer Credit Ratings through mid-year 2020 were down modestly, to 5.1% of rating actions, compared with ... Read the full article
AM Best confirms SCOR ratings
28th September 2020
AM Best has decided to confirm the Financial Strength Rating and Issuer Credit Rating of SCOR as ‘A+ Superior’ and ‘aa-‘, respectively. The rating agency said the move reflects SCOR’s strong balance sheet strength, as well as its operating performance, very favourable business profile and enterprise risk management. In particular, analysts noted ... Read the full article
Market conditions & remedial actions to boost Lloyd’s performance: AM Best
17th July 2020
AM Best has affirmed the credit ratings of Lloyd’s, reasoning that improving market conditions and robust remedial actions will support improvements in performance over the next few years. Analysts maintained the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of ‘a+’ of Lloyd’s (United Kingdom), Lloyd’s Insurance ... Read the full article
Asset stress main driver for rating downturns: Fitch
30th June 2020
Following a review of the impact of COVID-19 on North American re/insurers, Fitch Ratings has determined that asset stress has contributed the most to its recent negative rating outlook changes. Fitch reviewed its entire portfolio of rated North American insurers over the last couple of months, and took rating actions on ... Read the full article
Spinnaker’s ratings placed under review by AM Best following Hippo deal
5th June 2020
A.M. Best has placed the credit ratings of Spinnaker Insurance Company under review with developing implications after it was announced the company is to be acquired by InsurTech firm Hippo. As we wrote recently, Hippo has entered into a definitive agreement to acquire Spinnaker as the InsurTech looks to expand ... Read the full article
AM Best revises Nat Re outlook to stable on improved underwriting results
2nd June 2020
A trend of sustained improvement in underwriting performance has seen A.M. Best revise the outlook to stable from negative of National Reinsurance Corporation of the Philippines (Nat Re). As well as the revised outlook, the ratings agency has also affirmed Nat Re's Financial Strength Rating of B++ (Good) and the Long-Term ... Read the full article
S&P turns negative on AXIS after Q1 loss
12th May 2020
S&P Global Ratings has revised its outlook from stable to negative for AXIS Capital Holdings Ltd. and its core operating subsidiaries following the company’s underperformance in the first quarter of 2020. AXIS reported a net loss of $185 million and a combined ratio of 119.8% in Q1 2020, as pre-tax ... Read the full article
Fitch upgrades Hiscox outlook after capital raise
12th May 2020
Fitch Ratings has revised the outlook on Hiscox and its core entities to stable from negative to reflect the company’s recent £375 million capital raise. Hiscox completed the capital raise last week through the issuance of 57,693,425 new Ordinary Shares. The proceeds will be used to “to respond to future ... Read the full article
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