Australia’s Insured Losses From Cyclone Alfred Could Top US$1.3 Billion: S&P March 5, 2025 Australia’s largest property and casualty (P/C) insurers should be well placed to manage claims stemming from tropical cyclone Alfred, which...
Viewpoint: New Year, Old Challenges for European Insurers February 13, 2025 By Volker Kudszus The European insurance sector saw high levels of claims inflation in 2024. In motor-related material damage in particular, claims inflation...
LA Fires Could Consume 30% of European Reinsurers’ Natural Disaster Budgets: Fitch January 24, 2025 By L.S. Howard The Los Angeles wildfires could consume more than 30% of the aggregate natural catastrophe budgets set for 2025 by Europe’s...
Update: Re/Insurer Losses From LA Wildfires Expected to Be Significant but Manageable January 10, 2025 By L.S. Howard Insurers are facing significant losses from the catastrophic Los Angeles wildfires — given the high value of homes and businesses...
Central European Insurers’ Financial Strength to Remain Solid Despite Severe Floods September 25, 2024 By L.S. Howard The heavy rains and severe floods of Storm Boris, which inundated Central and Eastern Europe during the second week in...
Reinsurers’ Appetite for Natural Catastrophe Risks Grows – But Discipline Remains September 4, 2024 By L.S. Howard Top reinsurers are showing increasing – but disciplined – appetite for natural catastrophe risks as a result of rising demand,...
S&P Upgrades Lloyd’s Financial Strength Rating to AA- December 15, 2023 S&P Global Ratings has revised its financial strength rating for Lloyd’s of London to “AA–”, outlook stable, from “A+”, outlook...
Parent of Key SiriusPoint Shareholder Goes Into Receivership; Ratings Impact Neutral December 14, 2023 By L.S. Howard SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced that the parent company of a key shareholder has been taken...
S&P Raises Reinsurance Sector View to Stable From Negative as Rates Keep Rising September 5, 2023 By Carolyn Cohn S&P Global has raised its view of the global reinsurance sector to stable from negative, it said on Tuesday, due...
Reinsurers’ Cyber Rates Expected to Rise as They Seek to Regain Profitability: S&P August 29, 2023 By L.S. Howard More cyber reinsurance rate increases can be expected as reinsurers seek to regain underwriting profits in their cyber portfolios, according...