April 3, 2020
Fitch Ratings has placed Lloyd’s of London’s ‘AA-‘ Insurer Financial Strength (IFS) ratings on rating watch negative, on the uncertainty and increased risk to Lloyd’s earnings and underwriting performance due to claims from the COVID-19 pandemic. The negative rating watch …
April 1, 2020
Fitch Ratings has revised the rating watch to evolving from negative on all ratings for Sirius International Group, Ltd. and its operating subsidiaries, including its ‘A-‘ (Strong) Insurer Financial Strength (IFS) rating, its ‘BBB’ Long-Term Issuer Default rating (IDR), and …
March 30, 2020
North American property/casualty insurers reported improved 2019 operating performance, but near-term performance will likely be more challenging with the onset of coronavirus and the resulting economic impact, according to a report from Fitch Ratings. Fitch’s rating outlook for the U.S. …
March 24, 2020
Fitch Ratings has revised its outlook for the underlying fundamentals of the London market insurance sector to negative from stable. The sector outlook revision reflects increased concerns over the COVID-19 disruption and the related impacts on the credit quality of …
March 23, 2020
Fitch Ratings announced a dimmer “sector outlook” for global reinsurers—changing it to negative from stable, pointing to increased concerns over COVID-19. Rating agencies like Fitch offer two types of outlooks for segments of the insurance and reinsurance markets—sector outlooks and …
March 3, 2020
The coronavirus (COVID-19) outbreak is not currently anticipated to have a meaningful adverse impact on financial results reported by U.S. property/casualty companies, nor their ratings, according to Fitch Ratings. The nature of insured commercial exposures along with restrictive language embedded …
February 21, 2020
Losses from storms Ciara and Dennis, which brought strong winds, torrential rain and widespread flooding to the UK, will increase pressure on UK household insurers’ profits in 2020, said Fitch Ratings. While the claims are unlikely to exceed £500 million …
October 29, 2019
Typhoon Hagibis is likely to be an earnings event for Japan’s three main non-life insurance groups, MS&AD Insurance Groups Holdings, Sompo Japan Nipponkoa Insurance and Tokio Marine & Nichido Fire Insurance Co. (TMNF), with no material effects on capital and …
October 24, 2019
Positive pricing momentum—it’s the favorite phrase of many reinsurance executives, who are hoping that the momentum they’ve seen in 2019 will continue during the coming January renewals and beyond. The question is whether they will be disappointed, once again. Over …
September 30, 2019
Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since 2012, increasing 11% and representing the eighth consecutive year of premium growth, according to Fitch Ratings. The trend continued its …