A significant P&I claim that may trigger the International Group of P&I Clubs reinsurance arrangements is...
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
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 / 5 months 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
Reinsurers Diverge on Appetite for Catastrophe Risk
Reinsurers’ appetites to offer cover for property-catastrophe risk are diverging as climate change makes weather-related losses increasingly frequent, severe and volatile...
Reinsurers’ appetites to offer cover for property-catastrophe risk are diverging as climate change makes weather-related losses increasingly frequent, severe and volatile...
Article / 2 years ago
French Insurers Face Unprecedented Natural Catastrophe Losses
French non-life insurers face natural catastrophe losses on an unprecedented scale this year, exacerbating the pressure on profitability from claims inflation...
French non-life insurers face natural catastrophe losses on an unprecedented scale this year, exacerbating the pressure on profitability from claims inflation...
Article / 2 years ago
Cyber Insurance Premium Hikes to Support Returns Amid Rising Claims
Market expansion for cyber insurance, a rapidly growing product line of the global property casualty (P/C) insurance industry...
Market expansion for cyber insurance, a rapidly growing product line of the global property casualty (P/C) insurance industry...
Article / 2 years ago
Reinsurance Challenged by Inflation and Climate Change
Covid-19 pandemic-related claims are likely to linger for the remainder of the year, but Fitch Ratings expects claim severity to subside as the world continues to adapt...
Covid-19 pandemic-related claims are likely to linger for the remainder of the year, but Fitch Ratings expects claim severity to subside as the world continues to adapt...
Article / 2 years ago
Korean Flooding Losses to Burden Non-Life Insurers’ Earnings
Preliminary industry estimates indicate that insurance claims from the flooding, which has not abated due to the continued downpour, are likely to exceed KRW150 billion...
Preliminary industry estimates indicate that insurance claims from the flooding, which has not abated due to the continued downpour, are likely to exceed KRW150 billion...
Article / 2 years ago
Business Interruption Insurance Would Not Cover Gas Cut-Off
The insurance sector is not materially exposed to the business interruption (BI) losses that could arise due to a cut-off in Russian gas supplies to Europe, Fitch Ratings says...
The insurance sector is not materially exposed to the business interruption (BI) losses that could arise due to a cut-off in Russian gas supplies to Europe, Fitch Ratings says...
Article / 2 years ago
Turkish Insurers Are Under Severe Strain
Turkish insurers are facing one of their most challenging operating environments of the past decade, Fitch Ratings says in a new report...
Turkish insurers are facing one of their most challenging operating environments of the past decade, Fitch Ratings says in a new report...
Article / 2 years ago