'There is no doubt that climate change increases volatility, frequency and also severity,' says senior di...
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
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
Reinsurers’ Earnings Down on High Natural Catastrophe Losses
Higher natural catastrophe losses, a weaker investment result and reserve strengthening led to the earnings of the four main European reinsurers falling in 9M22 from the same period last...
Higher natural catastrophe losses, a weaker investment result and reserve strengthening led to the earnings of the four main European reinsurers falling in 9M22 from the same period last...
PR / 1 year ago
US P/C Insurance Statutory Profits Slip on Rising Auto Losses
Statutory financial performance for U.S. property/casualty (P/C) insurers deteriorated in the first half of...
Statutory financial performance for U.S. property/casualty (P/C) insurers deteriorated in the first half of...
Article / 2 years ago
Japanese Non-Lifers’ Profitability Remains Robust; Limited Natural Cat Loss
Overall credit fundamentals of Japanese non-life insurance groups are likely to remain healthy in the fiscal year ending March 2023 (FYE23), says Fitch Ratings...
Overall credit fundamentals of Japanese non-life insurance groups are likely to remain healthy in the fiscal year ending March 2023 (FYE23), says Fitch Ratings...
Article / 2 years ago
UK Non-Life Company Market Maintains Strong Results in 2021
The UK non-life insurers monitored by Fitch Ratings had reduced pandemic-related losses on business interruption and travel policies in their commercial lines in 2021...
The UK non-life insurers monitored by Fitch Ratings had reduced pandemic-related losses on business interruption and travel policies in their commercial lines in 2021...
Article / 2 years ago
