'There is no doubt that climate change increases volatility, frequency and also severity,' says senior di...
Property Catastrophe Reinsurance Market Dynamics to Slow in 2024
Reinsurance rate increases for property catastrophe business are likely to slow to below 10% on average when contracts are renewed in January 2024, Fitch...
Reinsurance rate increases for property catastrophe business are likely to slow to below 10% on average when contracts are renewed in January 2024, Fitch...
PR / 5 months ago
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 / 5 months ago
External Support May Help Offset Fiscal Impact of Morocco’s Earthquake
Recovery efforts in the wake of the earthquake that struck Morocco in early September will drive higher public expenditure, widening fiscal deficits in the near term, but...
Recovery efforts in the wake of the earthquake that struck Morocco in early September will drive higher public expenditure, widening fiscal deficits in the near term, but...
PR / 7 months ago
World Growth Outlook for 2024 Deteriorates as China Risks Rise
The world economy is likely to grow a bit faster in 2023 than Fitch Ratings expected in its June Global Economic Outlook (GEO), but the deepening slump in China’s property market is casting a...
The world economy is likely to grow a bit faster in 2023 than Fitch Ratings expected in its June Global Economic Outlook (GEO), but the deepening slump in China’s property market is casting a...
PR / 7 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 / 8 months ago
Risks to Vietnam Sovereign from Property Sector Stress Recede
Uncertainty around the possible fallout for the Vietnamese sovereign from property-sector stresses associated with a tightening of policy has eased, says Fitch Ratings. However,...
Uncertainty around the possible fallout for the Vietnamese sovereign from property-sector stresses associated with a tightening of policy has eased, says Fitch Ratings. However,...
PR / 9 months ago
Recurring Weather Events Test Brazil's Catastrophic Profile
The recent events caused by heavy tropical rains and which brought a wave of tragedies causing floods and landslides in several Brazilian States and Municipalities, once again test Brazil's profile in...
The recent events caused by heavy tropical rains and which brought a wave of tragedies causing floods and landslides in several Brazilian States and Municipalities, once again test Brazil's profile in...
PR / 1 year ago
National State of Disaster Declaration Highlights Credit Risks Facing South Africa
South African President Cyril Ramaphosa’s declaration of a national state of disaster during his State of the Nation Address (SoNA) illustrates the challenges...
South African President Cyril Ramaphosa’s declaration of a national state of disaster during his State of the Nation Address (SoNA) illustrates the challenges...
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
