A.M. Best’s ‘A-‘ Rating Not as Good as It Seems: Fitch July 14, 2016 Fitch Ratings this week warned that users of insurance ratings from four large credit rating agencies (CRAs) fail to understand...
S&P and Fitch Chop Britain’s ‘AAA’ Rating After Brexit Vote June 28, 2016 By Andy Bruce Britain suffered further blows to its economic standing on Monday as two top ratings agencies downgraded its sovereign credit score,...
‘Systemically Important’ Label Can Be Avoided: Fitch June 23, 2016 By Mark Hollmer Fitch Ratings said that newly established transparency about the designation process for globally systemically important insurers (G-SIIs) could help more...
UK’s Insurance Act May Lead to More Intense Rate Competition: Fitch Wire June 22, 2016 By L.S. Howard A new U.K. law, designed to make it harder for insurers to dispute commercial insurance claims, could lead to more...
Tornado Hits Hamburg – Latest in Europe’s Destructive Summer Storms June 8, 2016 By Nicholas Brautlecht A tornado tore through the northeast of Hamburg on Tuesday evening, blowing off the roofs of several buildings, uprooting dozens...
Update: German Flood Claims Estimated at $1.1B, Says Fitch Ratings June 7, 2016 By Jan-Henrik Förster and Oliver Suess Insurers will face higher-than-expected claims related to floods in Germany, according to Fitch Ratings, dealing another blow to an industry...
Solvency II Will Increase Reinsurance Buying Demand: Fitch June 6, 2016 By L.S. Howard Solvency II will increase insurers’ demand for reinsurance products as they seek to strengthen their capital positions via risk transfer,...
Fitch Expecting P/C Commercial Insurance Business to Deteriorate May 19, 2016 Underwriting performance for the commercial lines sector of the U.S. property/casualty (P/C) insurance industry is likely to deteriorate in 2016,...
Global Reinsurer Profits Expected to Dip in 2016 as Soft Market Takes Toll: Fitch May 9, 2016 Global reinsurance sector profits in 2016 will fall below 2015 levels as soft market rates, low investment income and an...
White Mountains Closes $2.6B Sale of Sirius to China Minsheng Investment April 19, 2016 White Mountains Insurance Group Ltd. completed its $2.6 billion sale of Sirius International Insurance Group to a division of China...