New report sheds light on why insurers are heading for the exit…...
European Insurers More Exposed to Weather Losses as Reinsurers Retreat
European insurers have become more exposed to weather-related losses due to reinsurers providing less cover against medium-sized natural catastrophe risks, Fitch...
European insurers have become more exposed to weather-related losses due to reinsurers providing less cover against medium-sized natural catastrophe risks, Fitch...
PR / 4 months ago
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
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 / 12 months 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
Fitch Ratings Comments on Insurance Losses from Turkiye-Syria Earthquake
Most insurance payouts due to the earthquake that tragically hit Turkiye and Syria will ultimately be borne by global reinsurers, Fitch Ratings says. The earthquake...
Most insurance payouts due to the earthquake that tragically hit Turkiye and Syria will ultimately be borne by global reinsurers, Fitch Ratings says. The earthquake...
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
Hurricane Ian Fallout Will Test Cat Bond Investor Appetite
Reinsurers facing shrinking balance sheets amid rising rates and increasingly volatile catastrophic losses have effectively utilized the insurance-linked securities (ILS) market to...
Reinsurers facing shrinking balance sheets amid rising rates and increasingly volatile catastrophic losses have effectively utilized the insurance-linked securities (ILS) market to...
PR / 1 year ago
Florida (Re)Insurers to Withstand Hurricane Ian, Specialists at Risk
Hurricane Ian, which made landfall on Florida’s Gulf Coast and has since been downgraded to a tropical storm, is expected to generate substantial economic and insured losses in affected...
Hurricane Ian, which made landfall on Florida’s Gulf Coast and has since been downgraded to a tropical storm, is expected to generate substantial economic and insured losses in affected...
PR / 1 year ago