Workers’ Comp Underwriting Looks Strong for 2019 But Rates Are Dropping: Fitch July 16, 2019 The workers’ compensation market is on track for a fifth consecutive year of underwriting profits in 2019 despite recent weakening...
Fitch Downgrades Ratings of Alabama-Based ProAssurance’s HoldCo; Affirms IFS Ratings June 6, 2019 Fitch Ratings has affirmed the Insurer Financial Strength (IFS) ratings of Birmingham, Ala.-based ProAssurance Corporation’s (PRA) subsidiaries at ‘A’ and...
Fitch Upgrades Mitsui Sumitomo Insurance to ‘A+’ February 14, 2019 Fitch Ratings has upgraded the insurer financial strength (IFS) ratings of Japanese insurer Mitsui Sumitomo Insurance to “A+” (Strong) from...
Tokio Marine’s Sale of Reinsurance Units to Boost Operational Efficiency: Fitch November 16, 2018 Tokio Marine Holdings Inc.’s (TMHD) sale of two European reinsurance subsidiaries is likely to streamline its holdings and boost operational...
Some UK Insurers May Be Forced to Adjust Motor, Home Insurance Prices: Fitch November 7, 2018 Some UK insurers may be forced to change how they set their prices for motor and home insurance as a...
Market Changes Not Expected From Hurricane Michael; Florida Insurers ‘Heavily’ Reinsured October 15, 2018 By Amy O'Connor Losses to the insurance industry from Hurricane Michael, a Category 4 storm that hit the Florida Panhandle before continuing a...
P/C Insurance Industry Delivered Improved Results in First Half August 29, 2018 Mid-year results for U.S. property/casualty insurers and reinsurers show they are on the mend following a trying 2017, according to...
Fitch Sees Small Profit But Still Negative on U.S. Commercial Lines Outlook May 18, 2018 After a tumultuous 2017, the U.S. commercial lines market should eke out a small underwriting profit in 2018 assuming catastrophe...
Fitch Affirms Negative Outlook for London Market April 27, 2018 Fitch Ratings said in a recent report that the sector outlook for London market insurance remains negative in 2018, reflecting...
From Bermuda to Switzerland, Reinsurers Lure Variety of Potential Investors February 9, 2018 By Katherine Chiglinsky and Sonali Basak The $500 billion reinsurance industry is experiencing a flurry of deal talks. One reason: Companies are finally for sale as...