Reinsurance Prices Expected to Harden at Jan. 2022 Renewals – with Less Momentum August 24, 2021 Global reinsurers’ underwriting performance will continue to improve in 2022 as premium rate increases take hold, with further rate hikes...
Fitch Sees No Ratings Change, ‘Modest Benefit’ for Liberty Mutual in State Auto Buy July 29, 2021 Fitch Ratings said it does not expect Liberty Mutual Holding Co. Inc.’s ratings to be impacted by its planned acquisition...
Germany’s Floods Will See ‘Sizable’ Protection Gap. Could Insurance Demand Increase? July 22, 2021 By L.S. Howard With an insured price tag of €4 billion to €5 billion (US$4.7 billion to $5.9 billion), economic losses from Germany’s...
German Floods Will Be Expensive but Unlikely to Burn Through Insurers’ Earnings: Fitch July 20, 2021 The recent severe floods in Germany could add up to 5 percentage points to German non-life insurers’ net combined ratios...
Olympics Ban on Spectators to Cost Reinsurers Far Less Than Cancellation: Fitch July 13, 2021 Japan’s decision to bar spectators from the Tokyo Olympics is likely to cost the global reinsurance sector $300 million to...
Workers’ Compensation Profit Picture Looks Good in Short Term: Fitch June 15, 2021 With favorable results driven by recent reductions in claims frequency and further recognition of material reserve redundancies, workers’ compensation underwriting...
Fitch Affirms Intact’s Ratings After RSA Acquisition; RSA Subsidiary Upgraded to ‘AA-‘ June 2, 2021 Fitch Ratings has affirmed the Insurer Financial Strength (IFS) ratings of Intact Financial Corp.’s insurance subsidiaries at ‘AA-‘ (very strong),...
Cyber Insurers Hike Rates But Worry About Pricing Long-Term As Losses Mount: Fitch May 27, 2021 U.S. insurers offering cyber coverage have been implementing significant pricing and underwriting actions in 2021 in response to a spike...
What 3 Experts Are Saying About Pipeline Attack and Cyber Insurance May 18, 2021 Here is what AM Best, Fitch Ratings and CyberCube think about the recent ransomware attack that shut down Colonial Pipeline:...
Commercial Auto Insurance Business on Road to Break-Even in 2021: Fitch May 13, 2021 The commercial auto insurance segment posted its best underwriting result in a decade in 2020, thanks to continued big rate...