Insurance Costs Rapidly Rising for Rental Properties: S&P June 14, 2023 The recent upticks in the frequency and severity of weather events has also affected insurance premiums for rental properties. According...
Wait ‘Til Next Year: Auto Profit Unlikely to Return in 2023: S&P May 2, 2023 In spite of continued actions to raise prices of coverage, auto loss cost continue to climb and profits will continue...
Lloyd’s Expects 2022 Loss of $947.6M on Investments; Underwriting Results ‘Strong’ March 9, 2023 By L.S. Howard Lloyd’s reported an interim full-year 2022 loss before tax of £800 million ($947.6 million) as a result of investment losses...
Rising Costs of Secondary Perils Force Reinsurers to Require Higher Attachment Points January 31, 2023 By L.S. Howard Economic and insured losses from secondary perils from natural catastrophes are accelerating and surpassing the loss totals from primary perils,...
Persistent ‘Underperformance’ at SCOR Prompts S&P Downgrade to ‘A+’ November 21, 2022 S&P Global Ratings announced that the rating agency is lowering the “AA-” financial strength and long-term issuer credit ratings for...
Assets of World’s Largest Companies at Growing Risk of Climate Impact: S&P September 19, 2022 By Juliette Portala Over 90% of the world’s largest companies will have at least one asset highly exposed to the physical impacts of...
Still Negative: S&P Isn’t Budging on Reinsurance Outlook September 16, 2022 Since May 2020, S&P Global Ratings has had a negative credit outlook on the global reinsurance sector—and analysts said it...
Reinsurers Adopt Divergent Strategies About Natural Catastrophe Exposures: S&P August 31, 2022 By L.S. Howard The natural catastrophe business of global reinsurers has been reshaped by five years of higher-than-expected losses, which is leading reinsurers...
S&P Puts SiriusPoint on CreditWatch Neg. After CEO, COO Exits; SiriusPoint Comments June 29, 2022 SiriusPoint, the Bermuda-based global specialty insurer and reinsurer, has responded to the recent decision by S&P Global Ratings (S&P) to...
S&P Upgrades Fairfax Operating Subsidiaries to ‘A’; Outlook Stable June 1, 2022 S&P Global Ratings raised the financial strength ratings on the core insurance and reinsurance subsidiaries of Fairfax Financial Holdings Ltd....