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...
D&O 2022: Prices Down; Loss Ratios Up; Top Carriers Ranked March 27, 2023 By Susanne Sclafane Although analysts at Fitch Ratings estimate that combined ratios for the directors and officers liability line remained below breakeven in...
Global Reinsurers to Bear Bulk of Losses From Turkey-Syria Earthquake: Fitch February 9, 2023 Most insurance payouts due to the earthquake that hit Turkey and Syria ultimately will be borne by global reinsurers, according...
Property Cat Reinsurance Rates Likely to Rise by More Than 10% in January Renewals November 23, 2022 Reinsurance rates for property catastrophe business should increase by well over 10% when contracts are renewed in January 2023, according...