Reinsurance News
UK Life Insurers
Moody’s: UK life and P&C insurers maintain stability amid economic pressures
15th October 2025
According to Moody’s Ratings, the outlook for the UK life insurance and property and casualty (P&C) sectors remains stable, even as economic challenges continue to weigh on the broader market. Moody’s notes that while slower economic growth may dampen demand for discretionary life protection and savings products, strong pension activity and ... Read the full article
Swiss Re finds reinsurance reduces solvency capital and enhances liquidity for UK life insurers
1st October 2025
According to Swiss Re, the global reinsurer, insurers can use reinsurance strategically to improve balance sheet efficiency and manage liquidity in response to ongoing market volatility. Swiss Re observes that in 2025, UK life insurers face pressures from foreign exchange exposures, inflation-linked liabilities, and the widening spread between gilt yields and ... Read the full article
2025 robust bulk annuity market to benefit UK life insurers: Fitch
25th April 2025
Strong bulk annuity volumes are expected for 2025, which will continue to benefit UK life insurers despite potential challenges from regulatory changes, according to a recent Fitch Ratings report. Driven by favourable market conditions and significant capital inflows, analysts expect transactions to exceed GBP40 billion for the third year in a ... Read the full article
July election to catalyse positive regulatory change in UK insurance industry: J.P. Morgan
23rd May 2024
Analysts at J.P. Morgan highlight a potential positive of the July general election in the UK, stating that it could accelerate positive regulatory change that could ultimately support the country's insurance industry. Although neither manifesto commitment from the two parties states any major change or immediate impact on UK insurers ... Read the full article
Fitch anticipates surge in UK life insurers’ bulk annuity sales and funded re
22nd April 2024
Fitch Ratings anticipates UK life insurers’ bulk annuity volumes to continue rising in 2024, surpassing £60 billion, with funded reinsurance (funded re) becoming increasingly prevalent. In 2023, bulk annuity sales reached a record high of nearly £50 billion, reflecting a remarkable increase of over £20 billion compared to 2022. Fitch explains, “Demand ... Read the full article
UK life insurers buying more illiquid assets to match long term liabilities: Moody’s
7th June 2023
UK life insurers are buying more illiquid assets to match their growing long term liabilities as they insure more pension risk through bulk purchase annuity (BPA) contracts, suggest analysts at Moody's. The rating agency notes that UK life insurers invested significantly in the asset class to boost returns when interest rates ... Read the full article
AM Best maintains stable outlook on UK life insurance segment
18th April 2023
In a new report from AM Best, the rating agency has announced that it is maintaining its Stable market segment outlook for the UK life insurance segment. The report highlights that the positive factors underpinning the stable outlook for the UK life insurance segment include a strong pipeline for pension risk ... Read the full article
UK life insurance fundamentals for 2022 resilient despite volatile markets: Fitch
12th April 2023
Fitch Ratings' new report on UK life insurers’ fundamentals for 2022 indicates the market has remained strong, despite financial market volatility and elevated inflation. “Insurers’ new business volumes and underlying operating performance were resilient, while the rising interest rates benefitted companies’ Solvency II (S2) ratios,” commented Fedor Smolyakov, Director of ... Read the full article
UK L&H insurers to benefit from “booming” bulk annuity market in 2023: Moody’s
29th March 2023
Analysts at Moody's have suggested that the UK's Life & Health insurers will continue to benefit from sustained bulk purchase annuities (BPA) growth at still attractive margins in 2023 and beyond. According to the analysts, BPA transfers have strengthened insurers' earnings in the past, and are set to help offset lower ... Read the full article
UK insurers’ set to face slowing premium income growth in 2023: EY
8th February 2023
According to a recent EY ITEM Club report, UK insurers’ are set to face slowing premium income growth this year, as high inflation, cost of living pressures and a rise in borrowing costs continue to impact product demand. The report suggests that both non-life and life sectors are expected to experience ... Read the full article
UK life insurers remain resilient despite market turbulence: AM Best
12th October 2022
A new report from AM Best states that the balance sheets of UK life insurers have proved resilient through a period of market turbulence in financial markets due to the sharp and rapid rise in yields on UK gilts towards the end of September 2022. Sharp moves in yields have placed ... Read the full article
No ratings impact on life insurers’ following UK outlook revision: Fitch
10th October 2022
According to Fitch Ratings, the recent revision of the UK’s outlook to negative has no immediate impact on UK life insurers’ ratings. Fitch expects the sector’s strong business profile and capital headroom to continue to underpin ratings in the hypothetical scenario of the UK sovereign rating being downgraded by one notch ... Read the full article
Changes in Government spell positives for UK life insurers, says JP Morgan
22nd September 2022
According to a recent report from JP Morgan, there may be positive implications ahead of changes in Government for UK life insurers. The report suggests that Liz Truss is pursuing a policy of fiscal easing, and may announce a further reduction or reversal of planned tax increases, alongside wishes to accelerate ... Read the full article
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