Insurers in the emirate typically buy low-attaching reinsurance....
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
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
Prolonged Inflation Could Weaken Reinsurers’ Credit Profiles
Reinsurers’ credit profiles could be weakened if current high levels of inflation persist as the world emerges from the coronavirus pandemic, Fitch Ratings says in a new report...
Reinsurers’ credit profiles could be weakened if current high levels of inflation persist as the world emerges from the coronavirus pandemic, Fitch Ratings says in a new report...
Article / 2 years ago
Suez Canal Blockage a Large Loss Event for Global Reinsurers
The blocking of the Suez Canal and resulting disruption to global shipping is likely to cause a large loss...
The blocking of the Suez Canal and resulting disruption to global shipping is likely to cause a large loss...
Article / 3 years ago
US P/C Insurer Coronavirus Business Interruption Uncertainty Lingers
Incurred pandemic losses for U.S. property/casualty (p/c) insurers increased only modestly in 4Q20 from earlier quarterly reported results in the year...
Incurred pandemic losses for U.S. property/casualty (p/c) insurers increased only modestly in 4Q20 from earlier quarterly reported results in the year...
Article / 3 years ago
US Property Casualty Insurers See Record Losses from Texas Storms
U.S. property/casualty insurers are expected to face record 1Q21 catastrophic losses due to extensive property damage...
U.S. property/casualty insurers are expected to face record 1Q21 catastrophic losses due to extensive property damage...
Article / 3 years ago
Reinsurer Ratings Unaffected by UK Business Interruption Ruling
The ratings of the four major European reinsurers are likely to be unaffected by the UK Supreme Court ruling on...
The ratings of the four major European reinsurers are likely to be unaffected by the UK Supreme Court ruling on...
Article / 3 years ago
Business Interruption Claims Pressure Australian Insurers' Earnings
Fitch Ratings says that business interruption (BI) claims are likely to be the largest source of pandemic-related...
Fitch Ratings says that business interruption (BI) claims are likely to be the largest source of pandemic-related...
Article / 3 years ago
UK Insurers' Ratings Unaffected by Business Interruption Ruling
he ratings of UK non-life insurers are likely to be unaffected by today's Supreme Court...
he ratings of UK non-life insurers are likely to be unaffected by today's Supreme Court...
Article / 3 years ago
Belgian Non-Life Insurers Resilient to Pandemic; Life Insurers Under Pressure
Fitch Rating says that Belgian non-life insurers' profitability will improve in 2020 compared with 2019...
Fitch Rating says that Belgian non-life insurers' profitability will improve in 2020 compared with 2019...
Article / 3 years ago