All Fitch Ratings articles
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NewsReinsurers’ underwriting margins to expand in 2023
Fitch believes some property catastrophe risks could become uninsurable as industry capital shrinks by 15%
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Profitability of Italian insurers under pressure as inflation bites
The rating agency expects the year end-2022 combined ratio to deteriorate year on year
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Hurricane Ian will test cat bond capacity
ILS-trapped capital from Hurricane Ian is estimated at $15 billion to $18 billion
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Major reinsurance market correction ahead - SCOR
The challenging macro-economic landscape will be a net positive for both risk carriers and “volatility takers”
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Fitch maintains neutral outlook for reinsurance sector
Despite increasingly challenging macro financial headwinds, global reinsurers have improved GWPs and combined ratios
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Sri Lanka riot losses to hit excess layers
Widespread riots broke out in Sri Lanka following an attack on anti-government protests in Colombo on 9 May
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UK BoE climate stress test is toughest yet
The results could see capital ratios fall close to, or even below, regulatory minimums, warns Fitch
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Fitch warns of spillover cyberattacks
Cyberattacks on businesses and government agencies have increased following the Russian invasion of Ukraine
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Fitch: Olympics without crowds to cost Reinsurers USD300m–400m
Fitch Ratings says. However, this is only 10%–15% of the amount reinsurers would have faced had the Olympics been cancelled, and its impact on earnings should be limited, leaving capital and ratings unaffected.
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Fitch Ratings: Reinsurance Sector Poised to Post Slight Underwriting Profitability in 2021
Fitch Ratings forecasts a 2021 reinsurance combined ratio of 99.1%, reflecting 9.0pp average catastrophe losses, 1.5pp for additional coronavirus losses and 1.0pp of reserve releases.
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FCA fair pricing report will ‘reduce profitability’ for insurers – Fitch Ratings
Furthermore, the home insurance market will be more affected than motor insurance as around ‘80% of premiums comes from renewal business’
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Fitch: Bermudian re/insurers raise $7.7bn of new capital
Fitch added that there had been some disappointment among carriers at the extent of reinsurance rate rises during the January 1 renewal season.
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The Next Phase: North American Insurance (Pandemic Accelerates Change in the Insurance Landscape)
As the “longest year” enters its final weeks, Fitch provides its view of the possible longer term implications of the coronavirus pandemic for the North American insurance industry.
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Fitch: New Supervisory Framework to Enhance HK Insurance Groups’ Risk Management
The proposed new group-wide supervisory (GWS) framework in Hong Kong will strengthen the ability of the regulator to oversee Hong Kong-based internationally active insurance groups (IAIGs), which will push insurance groups to strengthen the sophistication of their risk management and improve the management of their group-wide capital adequacy, Fitch Ratings ...
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Fitch Special Report: APAC Insurance Regulators’ Response During Coronavirus Crisis
Fitch Ratings believes the prompt response by most insurance regulators across the APAC region will help insurers weather some of their key business risks during the coronavirus crisis. Some insurers’ capitalisation, earnings and liquidity positions could come under pressure from the financial-market disruption and economic strain caused by the pandemic. ...
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Fitch Ratings Revises London Market InsuranceSector Outlook to Negative on COVID-19 Concerns
Fitch Ratings has revised its outlook for the underlying fundamentals of the London market insurance sector to negative from stable (the sector outlook)
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Fitch Ratings: Global Reinsurance Sector Outlook Negative On Coronavirus Concerns
Fitch Ratings has revised its outlook for the underlying fundamentals (sector outlook) of the global reinsurance sector to negative from stable. The sector outlook revision is due to increased concerns over COVID-19, the disease caused by the coronavirus, and related impacts on the credit quality of reinsurers. Fitch’s outlook for ...
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Fitch Ratings: Markets, Not Coronavirus Mortality, Is the Risk to European Reinsurers
Financial market disruption stemming from the spread of the coronavirus is the main threat to the credit profiles of European reinsurers, Fitch Ratings says.
