Standard & Poor’s News

China Insurers Face Shadow Banking Default Risk: Ratings Agencies

A doubling in the trust holdings of China’s insurers has prompted ratings companies to warn the industry may be taking on too much shadow banking default-risk. Insurers held 281 billion yuan ($46 billion) of trust products on June 30, surging …

S&P Report Urges ‘Disaster Resilience’ with Governments for Reinsurers’ Growth

Standard & Poor’s Rating Services announced the publication of its “Global Reinsurance Highlights” to coincide with the 2014 Reinsurance Rendezvous in September. S&P described the report as providing “a detailed perspective on the market, focusing on the competitive pressures that …

S&P Report Finds Volume Increases as Prices Drop in the ILS Market

Standard & Poor’s Ratings Services will publish its annual “Global Reinsurance Highlights” publication to coincide with the 2014 Reinsurance Rendez-Vous in September. S&P said the report would “provide a detailed perspective on the market, focusing on the competitive pressures that …

S&P Green Lighting Climate Risk Mitigation

The scope of how a company manages its risk in the face of a changing global climate will become an ever-greater factor in the company’s worth. Whether or not they believe in climate change, business leaders face having to take …

Climate Change Bottom-Line Talk Grows, S&P Director Says

Companies and governments worldwide are changing their behaviors and examining their risks in the face of climate change, a managing director for Standard & Poor’s said as he held up the insurance industry as a good example of how to …

P/C Insurers Must Manage Emerging Risks Including the Next Big One

Learning how to manage increasingly complex and evolving risks is essential if property/casualty insurers are to serve the needs of their customers in a changing world. According to analysts and industry executives at Standard & Poor’s Ratings Services’ Insurance 2014: …

S&P Report Finds Companies Are Starting To Assess Climate Risks

A report – “Dealing With Disaster: How Companies Are Starting To Assess Their Climate Event Risks” – from Standard & Poor’s London office points out that the “increasing frequency of extreme weather events such as flooding, intense storms, heat waves, …

S&P Reinsurance Report Warns of ‘Negative Rating Actions’

Standard & Poor’s latest report – “Past The Tipping Point: Competition And Soft Pricing Could Lead To Rating Pressure For Global Reinsurers” – on the state of the global reinsurance sector, notes that “reinsurers are experiencing increased competition and curtailed …

Standard & Poor’s Report Reviews Global Insurance Ratings

A report from S&P’s rating services notes that “after revising its insurance criteria earlier this year”, the rating agency “affirmed more than 91 percent of its global ratings, raised 7 percent, and lowered 2 percent. The regional and global differences …

QBE Bond Risk Surges as U.S. Expansion Sours: Australia Credit Risk

Bond risk on QBE Insurance Group Ltd. halved in the first 11 months of the year before surging this month as the company said it would lose money. Credit-default swaps on QBE have climbed 41 basis points since Nov. 30 …