November 6, 2023
Ratings agency Moody’s is creating a unit to research and rate private credit, the firm said on Monday. The unit will be headed by Ana Arsov, who will coordinate research and rating initiatives in the field, Moody’s Investors Service said …
October 10, 2023
Budgets and insurance policy costs have increased exponentially despite doubts surrounding efficacy of cyber practices, according to a recent survey gauging cybersecurity practices among global debt issuers conducted by Moody’s Investors Service. Increased C-suite focus on cyber risk has led …
September 12, 2023
Executive summary: Reinsurance underwriting is all about finding equilibrium between reinsurers’ reason for being—reducing the volatility of cedents earnings—and producing stable profits in their own businesses. With new laws promising to change a Florida litigation environment that was out of …
September 5, 2023
S&P Global has raised its view of the global reinsurance sector to stable from negative, it said on Tuesday, due to higher reinsurance rates and increasing investment income, while rival Moody’s kept its outlook for the sector stable. The COVID-19 …
August 3, 2023
With 46 straight days of 100-degree heat and coastal waters approaching hot-tub temperatures, Miami can seem like a clear example of the costs of a warming world. But analysts at S&P Global Inc. aren’t sweating it. They recently upgraded Miami’s …
February 23, 2023
The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as damage information and data keeps pouring in. The catastrophe risk modeling firm Moody’s RMS estimated on Feb. 23 that economic …
February 7, 2023
Moody’s Investors Service downgraded the Insurance Financial Strength Rating (IFSR) of SCOR SE and its key operating entities to A1 from Aa3 while at the same time changing the company’s outlook to stable from negative. On Oct. 13, 2022, Moody’s …
January 23, 2023
Aircraft leasing companies, which own most of the world’s passenger jets, face a tricky balance between risks and rewards after losing 400 planes in Russia, but have made no “knee-jerk” withdrawal from any major market yet, executives said. The lessors …
January 12, 2023
Reinsurers are increasingly reconsidering their business in natural disaster-prone locations including California and Florida as losses mount, according to Moody’s Investors Service. Climate change has increased wildfire risk in California while hurricane losses in Florida have already seen a number …
January 10, 2023
Economic and political turbulence caused by the COVID-19 pandemic and Russia’s invasion of Ukraine will be likely to heighten environmental, social and governance (ESG) credit risks this year, credit rating agency Moody’s said on Monday. The cost-of-living crisis stemming from …