Climate disasters in France cost insurers €6.5 billion in 2023 – a worrying increase in claims that comes...
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 / 6 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 / 7 months ago
2023 Q1 Florida Market Watch Report
The selected insurance companies derive a majority of their premiums from the Florida personal property insurance market....
The selected insurance companies derive a majority of their premiums from the Florida personal property insurance market....
PR / 10 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
AXIS Capital Comments on Impact of Catastrophe and Other Weather-Related Losses on Third Quarter 2022 Financial Results
AXIS announced that it expects to report a small operating income for the third quarter of 2022. The Company's results are impacted by a pre-tax net loss estimate for catastrophes and other weather-related events of $212 million...
AXIS announced that it expects to report a small operating income for the third quarter of 2022. The Company's results are impacted by a pre-tax net loss estimate for catastrophes and other weather-related events of $212 million...
PR / 1 year ago
Arch Capital Group Ltd. Announces Catastrophe Loss Estimates
Estimated pre-tax net catastrophe losses of $530 million to $560 million across the property casualty insurance and reinsurance segments in the 2022 third
Estimated pre-tax net catastrophe losses of $530 million to $560 million across the property casualty insurance and reinsurance segments in the 2022 third
PR / 1 year ago
Robust Premium Growth, But Reinsurer Results in the First Half of 2022 Highlight Earnings and Capital Challenges
Hurricane Ian to impact full year underwriting results...
Hurricane Ian to impact full year underwriting results...
PR / 1 year ago