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UK non-life insurers will probably not get a profit boost despite a likely reduction in fraudulent insurance claims, Fitch Ratings says. We expect insurers to use the savings stemming from tighter...
Bermuda-based (re)insurers continue to be tested by challenging market conditions, including heightened catastrophic losses and diminishing competitive advantage resulting from U.S. tax reform, according to Fitch Ratings...
The automotive, aerospace, retail, real estate and airline sectors are all exposed to a "no-deal" Brexit, Fitch Ratings says. The risk to individual issuers varies with their size, diversification and financial strength...
Following a trying 2017, operating performance moderately improved for P/C (re)insurers during the first half of the year thanks to improved core loss ratios, lower catastrophe-related losses and lower taxes along with favorable movement in loss reserves...
A change in accounting for equity securities is adding volatility to 2018 net earnings for many (re)insurance companies that report under U.S. GAAP, particularly those with significant allocations to equity investments, Fitch Ratings says...
Fitch Ratings says in a new report that motor premium rate increases helped improve UK non-life insurers' 2017 earnings. The majority of UK non-life companies reported improved underwriting results...
Bermuda's major (re)insurers will report elevated combined ratios for 2017, averaging around 108%-109%, including more than 20 percentage points from catastrophe losses, Fitch Ratings says. This would exceed the 107.1% posted in 2011, the last year with significant insured...
Turkish motor insurers' earnings are likely to decline significantly in 2018 following the government's decision to continue its cap on motor third-party liability (MTPL) insurance premiums, Fitch Ratings says. As a result, we expect the Turkish non-life...
New incentives for customers in Italy to include natural catastrophe cover when they buy home insurance are a small credit positive for the country's non-life insurers. Fitch Ratings says. We expect a small increase in business as more customers choose cover for natural catastrophe (flood/earthquake) losses...
U.S tax reforms set to take effect in 2018 are credit negative for the Bermuda (re)insurance market, Fitch Ratings says. The cut in the U.S. corporate tax rate to 21% from 35% and a new tax on premiums ceded by U.S. insurers to...
