All rating agency articles
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NewsReinsurers increasingly directly deploying capital into primary market - AM Best
‘It’s not an existential moment for the industry, but it does highlight that primary markets will question whether they’re getting value for money or sufficient coverage,’ says AM Best’s managing director for analytics.
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NewsChanges in terms ‘as or more important’ than pricing – AM Best
Indicators are moving in the right direction and showing the positive position the sector is in, said the rating agency’s director of global reinsurance, speaking at RVS 2024 in Monte Carlo.
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NewsWhere are all the new reinsurers?
A hardening market usually heralds the arrival of new reinsurers, but this has not happened in 2023 and 2024. Two analysts from AM Best recently sat down with Global Reinsurance to try to explain why.
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NewsRapid premium growth among US MGAs ‘warrants greater oversight’ – AM Best
The rating agency suggests that US managing general agents (MGAs) need closer supervision from their capital providers, as their premium increased by 14.9% last year to reach $81.4bn.
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NewsStronger results at Hannover Re, Munich Re, SCOR, Swiss Re – Moody’s report
Improved underwriting results have driven strong earnings and improved resilience at the four biggest continental European reinsurers, according to rating agency Moody’s.
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NewsReinsurance pricing to peak in 2024, but claims inflation and cat risk persist – Moody’s
Moody’s expects continued strong demand for reinsurance and higher investment yields, to drive attractive RoEs for the sector in 2024, assuming no large catastrophe events.
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NewsMoody’s expects “firm” April and July renewals
1/1 reinsurance renewals showed moderate price increases across most lines due to balanced supply and demand, according to ratings firm Moody’s.
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NewsFitch upbeat on Bermuda reinsurance market in 2024
Bermuda reinsurers’ “returns peaking”, to remain favourable in 2024, the rating agency said.
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NewsAM Best keeps stable outlook on global reinsurance, positive outlook for MGAs
The rating agency said uncertainty is mounting for reinsurers, despite “generational” hard market opportunities.
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News2022 fourth-costliest year on record for cat losses – S&P
A new report on catastrophe risk appetite among global reinsurers has found last year to be the fourth-costliest on record for annual global insured catastrophe losses.
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NewsAM Best’s ranks top 50 reinsurers: Munich Re, Swiss Re make up a quarter of GPW
Munich Re was ranked top, across non-life and life business, followed by Swiss Re, Hannover Re, Canada Life Re and Berkshire Hathaway.
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NewsUS P&C industry sustains $8.2bn Q1 underwriting loss
Underwriting losses, revealed in a Best report from the rating agency, follow $3.4bn underwriting profit in the same quarter of the preceding year.
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NewsS&P expects new criteria to affect 10% of re/insurance ratings
The credit ratings agency has published a revised version of its proposed methodology.
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NewsThree factors keeping global non-life reinsurance outlook stable – AM Best
Positive pricing momentum leads the list of reasons why rating agency AM Best has maintained a positive view on the non-life reinsurance sector globally.
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NewsWarning for London insurance market despite ‘stable’ rating issued
’Failure to prepare for risks could have capital implications,’ says rating agency
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NewsMunich Re retains position as world’s largest reinsurer
Together, Munich Re and Swiss Re accounted for 24.3% of reinsurance gross premiums written in 2021 - AM Best
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NewsFLOIR's warning as Demotech moves to downgrade 17 carriers
Florida Office of Insurance Regulation slams the move; says rating agency is exerting ’coercive influence’
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NewsSiriusPoint responds to S&P’s negative watch
The departure of the Bermuda reinsurer’s chief executive and COO has prompted the credit watch
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NewsMoody’s places Peak Re on negative review
Contagion risks to Peak Re could “increase as Fosun’s credit profile weakens”
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NewsFlorida property insurers under “immense pressure”
Elevated reinsurance costs, coupled with higher loss and litigation costs, are challenging Florida property insurers - AM Best
