Property/casualty (P/C) insurance statutory earnings will materially improve in 2024 amid recovery in per...
Insured Losses from Japan’s Noto Peninsula Earthquake Likely to Be Small
Insured losses from the 7.6 magnitude earthquake that struck the Ishikawa prefecture on the Noto Peninsula, Japan, on 1 January 2024 are likely to be...
Insured losses from the 7.6 magnitude earthquake that struck the Ishikawa prefecture on the Noto Peninsula, Japan, on 1 January 2024 are likely to be...
Article / 3 months ago
European Insurers More Exposed to Weather Losses as Reinsurers Retreat
European insurers have become more exposed to weather-related losses due to reinsurers providing less cover against medium-sized natural catastrophe risks, Fitch...
European insurers have become more exposed to weather-related losses due to reinsurers providing less cover against medium-sized natural catastrophe risks, Fitch...
PR / 5 months ago
Mexico (Re)insurers Not Materially Affected by Hurricane Otis
The landfall of Hurricane Otis in Mexico, while resulting in the tragic loss of life and significant economic losses in affected areas, is expected to have a negligible...
The landfall of Hurricane Otis in Mexico, while resulting in the tragic loss of life and significant economic losses in affected areas, is expected to have a negligible...
Article / 6 months ago
U.S. Commercial Auto Insurance Profits Struggle Amid Inflation, Litigation
Fitch Ratings expects the U.S. commercial auto insurance segment to remain unprofitable in 2023, with rising claims severity from inflation and burgeoning...
Fitch Ratings expects the U.S. commercial auto insurance segment to remain unprofitable in 2023, with rising claims severity from inflation and burgeoning...
PR / 7 months ago
Global Reinsurers Pull Back from Natural Catastrophe Cover
Global reinsurers are cutting back on the cover they provide against medium-sized natural catastrophe risks due to investor pressure after several years of large catastrophe losses and improved profitability...
Global reinsurers are cutting back on the cover they provide against medium-sized natural catastrophe risks due to investor pressure after several years of large catastrophe losses and improved profitability...
PR / 8 months ago
Global Reinsurers: Mid-Year 2023 Results
The 18 non-life reinsurers monitored by Fitch Ratings posted solid underwriting profits in 1H23 with an aggregate reinsurance combined ratio of 88%. This included moderate losses of...
The 18 non-life reinsurers monitored by Fitch Ratings posted solid underwriting profits in 1H23 with an aggregate reinsurance combined ratio of 88%. This included moderate losses of...
Report / 8 months ago
Reinsurers’ 2022 Results Hit by Weaker Underwriting and Investment Losses
The four major European reinsurers Hannover Rueck SE (Insurer Financial Strength Rating AA-/Stable), Munich Reinsurance Company (AA/Stable), SCOR SE...
The four major European reinsurers Hannover Rueck SE (Insurer Financial Strength Rating AA-/Stable), Munich Reinsurance Company (AA/Stable), SCOR SE...
PR / 1 year ago
Italian Motor Insurers’ Price Rises Outpaced by Claims Inflation
Italian motor insurance underwriting profitability is deteriorating due to insurers’ inability to raise prices enough to keep pace with claims inflation,...
Italian motor insurance underwriting profitability is deteriorating due to insurers’ inability to raise prices enough to keep pace with claims inflation,...
PR / 1 year ago
Fitch Ratings Comments on Insurance Losses from Turkiye-Syria Earthquake
Most insurance payouts due to the earthquake that tragically hit Turkiye and Syria will ultimately be borne by global reinsurers, Fitch Ratings says. The earthquake...
Most insurance payouts due to the earthquake that tragically hit Turkiye and Syria will ultimately be borne by global reinsurers, Fitch Ratings says. The earthquake...
PR / 1 year ago
Reinsurers’ Underwriting Margins to Expand by 4pp in 2023
Reinsurers’ underwriting margins are likely to expand by 4pp on average in 2023 due to significant price rises, tighter terms and conditions and the withdrawal of cover related to the war in...
Reinsurers’ underwriting margins are likely to expand by 4pp on average in 2023 due to significant price rises, tighter terms and conditions and the withdrawal of cover related to the war in...
PR / 1 year ago
