Reinsurance News
S&P
U.S. P&C industry outlook is stable, but pricing levels severely strained: S&P
6th February 2018
Backed by a build-up of excess capital from years of benign hurricane activity, the U.S. property/casualty (P&C) insurance industry has made it through the 2017 record catastrophe losses relatively "unscathed," but pricing levels are now on shaky grounds and 2018 could bring the inflection point, according to a recent S&P ... Read the full article
2018 financial services outlook “stable” but underlying headwinds grow: S&P
22nd December 2017
S&P expects 2018 to be a "stable" year for global financial services, with continued economic growth and the still cautious stance of the major central banks driving stable financial conditions in most regions. However, analysts warned that underneath the mostly sanguine market conditions, downside risks to financial stability have increased. Shifting dynamics ... Read the full article
S&P warns reinsurers’ earnings based on “luck”
2nd October 2017
S&P analysts have warned that reinsurers earnings are based partly on luck, supported heavily by benign catastrophe experience and significant prior-year reserve releases. Reinsurers have been able to maintain a thin margin of profitability levels in excess of cost of capital, but these are artificial returns buoyed up by reliance on ... Read the full article
Reinsurers well-placed for long-term reinsurtech success: S&P
30th August 2017
Reinsurers have been expanding their product range and reach with reinsurtech investments and developments, and are using technology as an interface to pass on risks to the capital markets - factors which show the industry is choosing to embrace and flow with the changes instead of buck the tide of ... Read the full article
Harvey impact on reinsurance pricing to be regionally limited
30th August 2017
Impact on reinsurance pricing from hurricane Harvey is likely to be limited to the regions and policies directly affected by the storm as the heaviest losses are expected to be felt by property & casualty re/insurers with a strong regional focus, according to S&P. Experts had previously predicted that reinsurance pricing ... Read the full article
Reinsurers’ earnings increasingly volatile due to catastrophe risk
15th August 2017
Exposure to natural catastrophe risk has raised reinsurers' earnings volatility as firms are now twice as likely to report a natural catastrophe related underwriting loss than in 2012 and profit margins are challenged by soft market prices, said S&P. While reinsurers' balance sheet exposure to extreme natural events remains largely unchanged, ... Read the full article
Hedge fund reinsurers’ performance lags behind traditional players: S&P
8th August 2017
Despite increasing numbers of hedge fund reinsurance (HFRs) start-ups entering the soft P&C reinsurance marketplace, their performance lags behind that of traditional Bermudian reinsurers with many yet to generate an underwriting profit, Standard & Poor's (S&P) said in a recent report. This calls into question how sustainable the HFR strategy will be ... Read the full article
S&P skeptical on P&C reinsurers’ use of M&A to offset market challenges
2nd August 2017
S&P Global Ratings has set its outlook for P&C re/insurance M&A as neutral with a slight negative bias, while re/insurers often see M&As as a viable growth option, the agency remains skeptical as to how effective this strategy of upscaling to offset market challenges really is. As global property and casualty ... Read the full article
S&P revises AXIS outlook to negative after planned takeover of Novae Group
11th July 2017
International financial services rating agency, S&P Global Ratings, has revised its outlook on AXIS Capital Holdings Ltd. to negative from stable, after its recently announced planned acquisition of Novae Group for $604 million. S&P has revealed that while it's affirmed its 'A-' long-term counterparty credit and senior debt ratings on AXIS ... Read the full article
CCR Re begins operations
9th January 2017
French reinsurer Caisse Centrale de Reassurance (CCR) today revealed that its state-backed subsidiary, CCR Re, is fully funded and commenced operations from the 1st of January, 2017. The subsidiary was established from January 1st with treaty renewals and the transfer of CCR’s open market portfolio. Chairman and Chief Executive Officer (CEO) of CCR ... Read the full article
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