What 3Q Catastrophe Losses Mean for U.S. P/C Results October 16, 2020 Driven by an elevated frequency of events during the quarter, third quarter natural catastrophe losses for the U.S. property/casualty insurance...
D&O Insurers Under Pressure But Big Enough to Handle Pandemic Claims, Says Fitch September 28, 2020 As claims related to the economic fallout from the pandemic emerge in the U.S. directors & officers (D&O) liability insurance...
Formation of More ‘Class of 2020’ Reinsurers Unlikely September 25, 2020 By Susanne Sclafane The Class of 2020 already has a new member, but it’s not a true startup, the chair of the company...
What to Expect in 2021: Reinsurance Market Moving From ‘Timid’ to ‘Hard’ September 18, 2020 By Susanne Sclafane Speaking at one of the many virtual conferences that took place in early September, Dan Malloy, chief executive officer of...
Fitch’s Reinsurance Outlook Remains Negative, Despite Entry into Hard Market Phase September 11, 2020 By Adrian Leonard Fitch Ratings said yesterday its ratings outlook for companies in the global reinsurance sector will continue to remain negative as...
Natural Catastrophe Claims Cost Insurers More Than Coronavirus in First Half: Fitch August 26, 2020 COVID-19-related claims were not the biggest driver of the North American property/casualty insurance industry’s overall combined ratio during the first...
Pandemic Boosted Personal Auto Insurers’ Profits in the Short-Term August 17, 2020 As bad as the coronavirus pandemic has been for many insurance lines, personal automobile profits have soared thanks to reduced...
Pandemic-Hit Re/insurers Expect a Costly Hurricane Season – and Rates Are Rising June 1, 2020 By Carolyn Cohn The official start of the Atlantic hurricane season on Monday could signal more steep losses for insurers and reinsurers, already...
Reinsurers Will Fail to Earn Cost of Capital in 2020, Leading to More Rate Hikes: Fitch May 27, 2020 Global reinsurers will fail to earn its cost of capital in 2020 amid the coronavirus crisis, which will help maintain...
Fitch Sees Little Stress on Insurer Ratings From Pandemic. Thus Far. May 14, 2020 By Andrew G. Simpson Having reviewed 70% of all of the North American insurers it rates for the effects of the coronavirus and economic...