S&P Puts SiriusPoint on CreditWatch Neg. After CEO, COO Exits; SiriusPoint Comments June 29, 2022 SiriusPoint, the Bermuda-based global specialty insurer and reinsurer, has responded to the recent decision by S&P Global Ratings (S&P) to...
S&P Upgrades Fairfax Operating Subsidiaries to ‘A’; Outlook Stable June 1, 2022 S&P Global Ratings raised the financial strength ratings on the core insurance and reinsurance subsidiaries of Fairfax Financial Holdings Ltd....
S&P Global Heeds Warnings, Withdraws Proposal for Insurer-Rating Changes May 9, 2022 S&P Global Ratings said it is withdrawing a proposal to change the way it assesses risk-based capital adequacy for insurers...
Climate Change Could Put 4% of Global GDP at Risk by 2050: S&P Study April 27, 2022 By Marc Jones Climate change could see 4% of global annual economic output lost by 2050 and hit many poorer parts of the...
AM Best and S&P Ratings Suspend All Commercial Operations in Russia March 30, 2022 AM Best announced it has suspended all commercial activities to clients in Russia and has withdrawn all credit ratings on...
Viewpoint: Climate Change Litigation – Why Better Disclosure Is Vital as Cases Rise February 2, 2022 By Thomas Englerth With the effects of climate change becoming more palpable, a rise in climate litigation cases could have significant financial and...
Reinsurer Natural Disaster Losses to Exceed Budget Expectations for 5th Year: S&P October 15, 2021 For the fifth consecutive year, insured losses from natural catastrophes are expected to be at or above global reinsurers’ budget...
Re/Insurance Cyber Rates Could Double Before 2023, as Attacks Skyrocket: S&P September 30, 2021 By L.S. Howard The pandemic caused economic and insured losses from cyber attacks to skyrocket, which has heightened awareness of the risk and...
Global Reinsurers Could Be Greatly Underestimating Exposure to Climate Risk: S&P September 24, 2021 Reinsurers’ estimates of their exposure to natural catastrophe risk could be underestimated by 33%-50%, according to a report published by...
Insurance Industry Will Withstand Ida’s Losses in Louisiana, Neighboring States: Analysts September 2, 2021 Though estimates of Hurricane Ida’s impact on the insurance industry vary, both AM Best and S&P Global Ratings say losses...