Last week's devastating attack on Moscow's Crocus City Hall is insured by Russian state-backed insurer In...
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
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
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
Losses from Sri Lanka’s Riots Manageable for Insurers
Sri Lanka’s state-owned National Insurance Trust Fund Board’s (NITF, A+(lka)/Rating Watch Negative) Strike, Riot, Civil Commotion and Terrorism (SRCCT) fund will bear the brunt...
Sri Lanka’s state-owned National Insurance Trust Fund Board’s (NITF, A+(lka)/Rating Watch Negative) Strike, Riot, Civil Commotion and Terrorism (SRCCT) fund will bear the brunt...
Article / 2 years ago
Australian Insurer Ratings Resilient to Floods’ Impact
Recent flooding and severe storms in south-east Queensland and New South Wales will affect insurers’ earnings...
Recent flooding and severe storms in south-east Queensland and New South Wales will affect insurers’ earnings...
Article / 2 years ago
Insured Losses From Japan’s March 2022 Earthquake Manageable
Insured losses from the powerful 7.4 magnitude earthquake that struck north eastern Japan on 9 March 2022 are likely to be manageable...
Insured losses from the powerful 7.4 magnitude earthquake that struck north eastern Japan on 9 March 2022 are likely to be manageable...
Article / 2 years ago
German, UK and Dutch Non-Life Insurer Profits Dented by Storms
We expect gross insured losses to be as much as EUR5 billion. However, reinsurance should reduce this to under EUR2 billion and, in most cases, we do not expect the losses...
We expect gross insured losses to be as much as EUR5 billion. However, reinsurance should reduce this to under EUR2 billion and, in most cases, we do not expect the losses...
Article / 2 years ago
APAC Corps Neutral Outlook Overall, China Property Worsening
Fitch Ratings expects improving operating sentiment following Covid-19-related restrictions to drive revenue growth and stable leverage for corporate issuers in APAC in 2022...
Fitch Ratings expects improving operating sentiment following Covid-19-related restrictions to drive revenue growth and stable leverage for corporate issuers in APAC in 2022...
Article / 2 years ago