Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
Reinsurers’ Cyber Rates Expected to Rise as They Seek to Regain Profitability: S&P
Aug 29 2023 // More cyber reinsurance rate increases can be expected as reinsurers seek to regain underwriting profits in their cyber portfolios, according to a report published by S&P Global Ratings. “Reinsurers had a...
S&P Revises Outlooks for Munich Re, Swiss Re While Affirming AA- Ratings
Aug 18 2023 // S&P Global Ratings has revised its outlooks for Munich Re and Swiss Re, affirming both reinsurers’ “AA-” issuer credit and financial strength ratings. Munich Re’s outlook was revised to positive...
Ray of Sunshine: Florida Insurers Show Profit as Citizens Takeouts Rise – S&P Global
Aug 2 2023 // Republished from S&P Global Market Intelligence For the first time in three years, Florida’s struggling domestic residential property insurers have posted a quarterly profit, according to an analysis by S&P...
Will S&P Change ‘Negative’ Reinsurance Outlook to ‘Stable’ in 2023?
Jul 14 2023 // While no one directly asked the question of this article’s headline at the S&P Global Ratings June annual insurance conference, the prospect that an outlook change is near came into view during the industry...
P/C Market Won’t See Underwriting Profit Until 2024: S&P
Jul 14 2023 // After four years of unparalleled underwriting profitability ending in 2021, the property/casualty market is headed for a second straight year of underwriting losses, according to the newly released S&P Global Market...
Insurance Costs Rapidly Rising for Rental Properties: S&P
Jul 3 2023 // The recent upticks in the frequency and severity of weather events has affected insurance premiums for rental properties. According to S&P Global Ratings, insurance is an increasing percentage of total expenses for...
Insurance Costs Rapidly Rising for Rental Properties: S&P
Jun 14 2023 // The recent upticks in the frequency and severity of weather events has also affected insurance premiums for rental properties. According to S&P Global Ratings, insurance is an increasing percentage of total expenses...
U.S. P/C Industry Posts Record Q1 Underwriting Loss: S&P
May 24 2023 // An analysis from S&P Global Market Intelligence found that the finger can be pointed at personal lines carriers for most of the property/casualty industry underwriting red ink during the first quarter. The U.S. P/C...
Auto Insurance Results ‘Historically Bad’ in 2022: S&P
May 12 2023 // In 2022, the U.S. private auto insurance industry reported its worst underwriting results in over two decades, according to a S&P Global Market Intelligence analysis. The net combined ratio for the sector — when...
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 to elude personal auto insurers—probably until 2024, analysts at Standard & Poor’s...
S&P Predicts Reinsurers Will Continue Pricing Momentum During 2023
Jan 30 2023 // A hard market in short-tail lines – such as property and property catastrophe – across global geographies is likely to continue throughout 2023, after beginning the year with multi-decade-high pricing increases during...
Insurance M&A Activity Slowed in 2022: S&P
Dec 29 2022 // Berkshire Hathaway’s $11.6 billion acquisition of Alleghany Corp. was the largest insurance transaction in 2022 but insurance M&A activity dropped this year, according to an S&P Global Market Intelligence...
U.S. E&S Premiums Continue Growth in 2022: S&P
Nov 30 2022 // According to an analysis by S&P Global Market Intelligence, the U.S. excess and surplus market continued to grow in 2022, surging $37.6 billion in premiums during the first six months. Direct written premiums in the...
Persistent ‘Underperformance’ at SCOR Prompts S&P Downgrade to ‘A+’
Nov 21 2022 // S&P Global Ratings announced that the rating agency is lowering the “AA-” financial strength and long-term issuer credit ratings for global reinsurer SCOR SE and its operating subsidiaries, highlighting...
Assets of World’s Largest Companies at Growing Risk of Climate Impact: S&P
Sep 19 2022 // Over 90% of the world’s largest companies will have at least one asset highly exposed to the physical impacts of climate change by the 2050s, data and analysis from index and ratings provider S&P Global showed on...
Still Negative: S&P Isn’t Budging on Reinsurance Outlook
Sep 16 2022 // Since May 2020, S&P Global Ratings has had a negative credit outlook on the global reinsurance sector—and analysts said it isn’t time to change that view during a webinar last week. Taoufik Gharib, senior...
Reinsurers Adopt Divergent Strategies About Natural Catastrophe Exposures: S&P
Aug 31 2022 // The natural catastrophe business of global reinsurers has been reshaped by five years of higher-than-expected losses, which is leading reinsurers to adopt divergent strategies – either diving in to write more business at...
P/C Industry to Finish 2022 With Combined Ratio Over 100: S&P
Jul 18 2022 // For the first time since 2017, the calendar-year combined ratio for the property/casualty industry will eclipse 100 in 2022 due to inflation, according to S&P Global Market Intelligence. “We expect that growth...
P/C Industry to Finish 2022 in the Red With Combined Ratio Over 100: S&P
Jun 30 2022 // For the first time since 2017, the calendar-year combined ratio for the property/casualty industry will eclipse 100 in 2022 due to inflation, said S&P Global Market Intelligence. “We expect that growth rates in...
S&P Puts SiriusPoint on CreditWatch Neg. After CEO, COO Exits; SiriusPoint Comments
Jun 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 place the company and its core subsidiaries on CreditWatch, with negative...
