Reinsurance News
Standard & Poor’s
M&A dance to continue as reinsurers navigate difficult conditions: S&P
13th August 2019
The ongoing convergence of the insurance, reinsurance, and insurance-linked securities (ILS) markets is expected to persist, and combined with continued pressure on earnings and an increasing need for scale and relevance, is expected to drive further reinsurance sector consolidation, according to S&P Global Ratings. Despite the global reinsurance sector taking advantage ... 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
Swiss insurers’ solid performance aided by underwriting discipline: S&P
29th May 2018
Swiss domiciled property and casualty (P/C) insurers continue to show underwriting discipline and cost efficiency, which in turn is driving solid performance with 2017 results showing continued strength, reports S&P Global Ratings. In an effort to increase their resilience to a challenging operating environment underlined by minimal organic growth opportunities, low ... Read the full article
Robust reinsurance use to support profitable 2018 for Australian P&C insurers: S&P
24th April 2018
Australian property and casualty (P&C) insurers are expected to record solid returns in 2018, aided by a combination of prudent risk management and comprehensive reinsurance utilisation, both of which offset the impacts of 2017 catastrophe events, according to Standard & Poor's (S&P). Despite the impacts of 2017 catastrophe events driving higher ... Read the full article
Stable ratings and organic growth for brokers in 2018: S&P
5th March 2018
Standard & Poor's (S&P) Global Ratings has recently released a report that predicts better organic growth and margins for brokers in the coming year, and says ratings for brokers and service providers remain stable. The ratings agency reports that companies have successfully adapted to evolving but overall stable business conditions, and ... Read the full article
Reinsurance rate increases to continue throughout 2018: S&P
25th January 2018
Global ratings agency Standard & Poor's (S&P) expects average rate increases of between 0% to 5% across the board in the reinsurance industry throughout 2018, maintaining the momentum seen at the January 1st renewals. S&P notes that following the high level of catastrophe losses in 2017, reinsurance pricing increased, on average, ... Read the full article
Rate increases at 1/1, Q3 losses a capital event for reinsurance sector: S&P
16th October 2017
Third-quarter 2017 catastrophe losses are likely to erode the reinsurance sector's earnings and become a capital event for the space, resulting in rate increases of up to 5% at 1/1, according to rating agency Standard & Poor's (S&P). Global reinsurers have started to release loss estimates for the third-quarter of 2017, ... Read the full article
Hurricane Irma could drive higher insured losses than Harvey, warns S&P
10th September 2017
While the potential impact of hurricane Irma on the state of Florida remains uncertain as the storm tracks towards the U.S. coast, Standard & Poor's (S&P) has warned that the insured loss could "much higher" than that seen with hurricane Harvey. In a recent report, global ratings agency S&P has warned ... Read the full article
Low interest rate environment to pressure global multiline insurers through 2017: S&P
6th September 2017
The ongoing low interest rate environment is expected to pressure the operating performance of global multiline insurers (GMIs) throughout the remainder of 2017, but superior capital adequacy has helped the sector outperform the industry average, according to ratings agency S&P Global Ratings. Interest rates have remained low for some time now, ... Read the full article
Reinsurers’ failure to return above cost of capital edging closer: S&P
5th September 2017
The ability of global reinsurers to earn returns above their cost of capital has declined significantly in the soft market environment, as low interest rates and a series of underwriting headwinds persistently erode the profitability of the sector, according to Standard & Poor's (S&P). International ratings agency, S&P, in a recent ... Read the full article
Life reinsurers’ strong risk management to assist emerging market growth: S&P
22nd August 2017
Advanced and strong risk management and underwriting capabilities will support reinsurers as they navigate the challenges of the expanding life reinsurance industry in emerging markets, according to ratings agency, Standard & Poor's (S&P). S&P expects emerging life insurance markets to drive the expansion of the global life reinsurance sector in ... Read the full article
S&P predicts continued profits in life reinsurance driven by market concentration
15th August 2017
The concentration of the global life reinsurance market and high barriers to entry for new players will contribute to the continued profitability of the sector, according to analysis from rating agency Standard & Poor's (S&P). In its latest global life reinsurance market report, S&P noted the impressive profitability of the sector in ... Read the full article
Global life reinsurance industry poised for continued growth momentum: S&P
8th August 2017
Global ratings agency Standard & Poor's (S&P) expects emerging life insurance regions, such as the Asia-Pacific, and continued growth in the longevity risk transfer space to drive the expansion of the international life reinsurance sector. Over the last three years S&P has observed strong growth momentum in the longevity risk transfer space, ... Read the full article
SCOR hit as reinsurer ratings linked to sovereign downgrade in Brazil
30th May 2017
International financial rating agency Standard & Poor's (S&P) has placed its 'BBB+' financial strength rating of French re/insurer SCOR's Brazilian subsidiary, SCOR Brasil Resseguros S.A. (SCOR Brasil), on CreditWatch negative. The move comes in response to the rating agency placing its 'BB' long-term foreign and local currency sovereign credit ratings on ... Read the full article
Bermudian reinsurers’ underwriting “still-rational” as challenges persist: S&P
12th May 2017
"Still-rational" underwriting practices across the Bermudian insurance and reinsurance sector so far in 2017 has helped the majority of firms manage the soft market cycle, but higher losses and the impact of the Ogden rate change dented the sector's profitability in Q1 2017, says Standard & Poor's (S&P). Global ratings agency ... Read the full article