Emerging risks associated with corporate use of artificial intelligence can be quantified and transferred...
Delicate Balancing Act for North American Insurers in 2024
With recession at bay and inflation cooling, North American insurers will balance growth opportunities while weathering potential impediments to growth this year, according to Fitch Ratings...
With recession at bay and inflation cooling, North American insurers will balance growth opportunities while weathering potential impediments to growth this year, according to Fitch Ratings...
PR / 3 months ago
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 / 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 / 9 months ago
CA Homeowners Insurer Retreat Signals Regulatory, Economic Challenges
The continued retreat of larger insurance carriers from the California residential property insurance market, including State Farm’s announced move to...
The continued retreat of larger insurance carriers from the California residential property insurance market, including State Farm’s announced move to...
PR / 12 months ago
Florida a Top Focus for U.S. Insurers as Below-Average Hurricane Season Nears
With early forecasts pointing to a modestly below-average hurricane season in 2023, Fitch Ratings’ latest annual ‘U.S. Hurricane Season’ report says U.S. property...
With early forecasts pointing to a modestly below-average hurricane season in 2023, Fitch Ratings’ latest annual ‘U.S. Hurricane Season’ report says U.S. property...
PR / 12 months ago
European Reinsurers’ Profits Above Expectations in 1Q23
The 1Q23 results of the four major European reinsurers revealed a stronger-than-expected improvement in profits, Fitch Ratings says in a new dashboard...
The 1Q23 results of the four major European reinsurers revealed a stronger-than-expected improvement in profits, Fitch Ratings says in a new dashboard...
PR / 12 months ago
Fitch Affirms California Earthquake Authority's IDR at'A-'; Outlook Stable
Fitch Ratings has affirmed the California Earthquake Authority's (CEA) Issuer Default Rating (IDR) at 'A-'and revenue bonds at'A-'. The Rating Outlook is Stable....
Fitch Ratings has affirmed the California Earthquake Authority's (CEA) Issuer Default Rating (IDR) at 'A-'and revenue bonds at'A-'. The Rating Outlook is Stable....
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
Higher Prices, Yields Portend Stabilized 2023 P/C Insurance Results
U.S. property/casualty (p/c) insurers should see stabilizing to modestly better industry operating performance in 2023, supported by commercial and personal...
U.S. property/casualty (p/c) insurers should see stabilizing to modestly better industry operating performance in 2023, supported by commercial and personal...
PR / 1 year ago
Hard Property Catastrophe Reinsurance Market to Support 2023 Margins
Reinsurance rates for property catastrophe business should increase by well over 10% when contracts are renewed in January 2023, Fitch Ratings says,...
Reinsurance rates for property catastrophe business should increase by well over 10% when contracts are renewed in January 2023, Fitch Ratings says,...
PR / 1 year ago
