Reinsurance Rates to Rise in 2024, Soften in 2025: Fitch September 8, 2023 Reinsurance rates are likely to continue to rise in 2024, though at a slower pace than in 2023, and prices...
E&S Market Lines Expand, Outperform Broader P/C in 2022 September 6, 2023 By Jahna Jacobson The U.S. excess and surplus (E&S) lines market had a good year in 2022, growing to account for nearly 9%...
Conditions Are Challenging, Claims Are Elevated, but Reinsurers’ Profits Return: Reports August 22, 2023 By L.S. Howard Despite extremely challenging conditions, with persistent and elevated claims activity, the global reinsurance segment returned an underwriting profit in 2022,...
Rate Hikes Not Bringing Profit to US Auto Insurers: Fitch August 18, 2023 By Susanne Sclafane Jumps in rates and written premiums did little to move the needle on underwriting profits for U.S. personal auto insurers,...
Fitch Downgrades Kemper’s Trinity Universal P/C Subsidiary August 17, 2023 By Chad Hemenway Fitch Ratings said it has downgraded the financial strength rating of Kemper Corp’s Trinity Universal Insurance Company to A- (Strong)...
Ratings Firms Struggle With Climate Risk in $133 Trillion Market August 3, 2023 By Gautam Naik With 46 straight days of 100-degree heat and coastal waters approaching hot-tub temperatures, Miami can seem like a clear example...
The Pros and Cons of Going Private June 21, 2023 By L.S. Howard In the days before hedge fund manager Daniel Loeb decided to drop the buyout of SiriusPoint, Carrier Management asked analysts...
Fitch: Hardening Commercial Lines Market to Continue Through 2023 June 13, 2023 This year will mark the fourth year of a hardening market for commercial lines underwriting cycle, according to the latest...
Fitch Downgrades Allstate’s IFS Ratings to ‘A’ May 23, 2023 Citing declines in statutory capital and poor underwriting results in personal auto, Fitch Ratings has downgraded the insurer financial strength...
U.S. P/C Underwriting Profit in 2023? Not Yet, Fitch Predicts April 17, 2023 Analysts at Fitch Ratings predict a better underwriting result for U.S. property/casualty insurers in 2023 than 2022, but the combined...