Reinsurance News
S&P Global Ratings
No-deal Brexit not yet a “base case for rating purposes”: S&P Global
20th February 2019
While the likelihood of Brexit ending in a no-deal scenario remains high, it does not yet warrant becoming a base for rating purposes, according to S&P Global analysts. S&P points to a strong incentive for both the UK and European Union (EU) to successfully negotiate a more favourable exit as the ... Read the full article
European re/insurers prepared for economic uncertainty, reports S&P
13th February 2019
The biggest risk to European re/insurers’ balance sheets in 2019 is the potential for economic disruption, although most companies are well-positioned and prepared to withstand volatility, according to analysts at S&P Global Ratings. A report by the rating agency highlighted the changing nature of the risk landscape ten years after the ... Read the full article
S&P notes orderly but somewhat disappointing renewals
29th January 2019
Targeted price increases limited to loss-affected policies and regions were evident at the recent January 1st renewals, and while the overall process was orderly, it was somewhat of a disappointment following recent industry losses, says ratings agency S&P. The ratings agency states that during the most recent renewal period, it witnessed ... Read the full article
S&P maintains stable outlook on U.S health in 2019
10th January 2019
S&P Global Ratings has maintained a stable outlook on the U.S health insurance sector for 2019, with a combination of favourable business conditions and financial factors offsetting key concerns and risks. Analysts noted that strong payroll employment continues to bolster the commercial segment, with the ageing U.S population driving Medicare Advantage ... Read the full article
Reinsurance sector struggling to keep pace with cost of capital: S&P
30th November 2018
With only modest pricing increases experienced over 2018 and momentum set to fade in 2019, the global reinsurance sector may find it increasingly difficult to keep pace with its cost of capital, according to S&P Global Ratings. The rating agency noted that last year the reinsurance sector generated returns on capital ... Read the full article
Re/insurers to absorb wildfire losses but the future a concern: S&P Global
19th November 2018
While primary re/insurers will be able to absorb losses associated with the recent California wildfires, limiting them to an earnings event, S&P Global Ratings has stated that the increasing costs attached to such events - in tandem with an unfavourable regulatory environment that limits the ability to raise rates - may ... Read the full article
Stagnant pricing trends unlikely to shift significantly in 2019: S&P
16th November 2018
This year's catastrophe losses may cause some reflection within the sector and could provide support to current pricing levels, but the underlying prognosis for relatively stagnant pricing trends looks unlikely to shift significantly in 2019, according to S&P Global Ratings. Furthermore, In the aftermath of last year's record catastrophe losses the ... Read the full article
Reinsurers need to expand their growth efforts: Industry execs
13th November 2018
Industry executives speaking at the annual S&P Global Ratings 2018 Bermuda Reinsurance Conference have called on market players to expand their businesses and turn their focus from pricing. Executives said that global reinsurance companies would benefit from moving away from a decade-long focus on pricing, which remains competitive and pressured, and ... Read the full article
S&P affirms Marsh’s A- rating following JLT acquisition, outlook negative
8th October 2018
Marsh & McLennan has had its A- long-term issuer credit rating affirmed by S&P Global following its $5.6 billion acquisition of JLT, although its outlook is negative. Following an in depth business and financial review, S&P believes Marsh will likely be committed to and able to de-lever back to a range ... Read the full article
2018 Typhoons may impact creditworthiness of Japan’s insurers: S&P
4th October 2018
The recent run of large natural disasters to hit Japan such as typhoon Jebi and typhoon Trami has likely put downward pressure on the creditworthiness of the nation's three largest non-life insurance groups, says S&P Global Ratings. Japan's three largest non-life insurance groups - Tokio Marine Group, MS&AD Insurance Group, ... Read the full article
Berkshire Hathaway’s insurance units outlook returns to stable: S&P
28th September 2018
S&P Global Ratings has revised its outlook of the operating insurance subsidiaries of Warren Buffett's Berkshire Hathaway from negative to stable, due to improved capitalisation. The revision incorporates S&P’s view that Hathaway’s insurance subsidiaries will maintain combined capital adequacy that is redundant at the AA confidence level on a prospective basis, ... Read the full article
Reinsurers to come out “unscathed” if US/EU Covered Agreement unravels: S&P
3rd May 2017
Standard & Poor's (S&P) Global Ratings said the U.S. - EU Covered Agreement (CA), which it called a "milestone in improving transparency and regulatory cooperation" could come under threat from fierce U.S. opposition and the Trump administration's preference for deregulation, but this isn't expected to have a significant material impact ... Read the full article
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