News

Insurance

European corporate default rate could spike to 11% in 'pessimistic' COVID-19 scenario - S&P

Recession has taken hold in Europe at a time when the speculative-grade market is already vulnerable.   31 March 2020

Insurance

AXIS Insurance bolsters US E&S property with hires from ACE/Chubb/Ethos

The firm said the hires will enable it to further expand the business within local areas.   18 August 2021

Insurance

Everest reveals new E&S excess casualty national leader

The executive will be responsible for developing and driving strategy and underwriting discipline in five cities.   11 November 2020

Insurance

‘Opportunistic’ M&A to dominate LatAm in 2019, says S&P

Jesus Palacios, director of financial institutions ratings at S&P, told FIDES Today that merger and acquisition (M&A) activity in Latin America this year will be “opportunistic” in most markets or where regional operations are part of the package in larger deals among international players.   10 September 2019

Insurance

S&P praises improved underwriting discipline of Asia Capital Re

Asia Capital Re has improved its underwriting discipline and is in good shape to achieve stable growth over the next two years, according to rating agency S&P Global Ratings (S&P), which has affirmed the reinsurer’s financial strength rating at ‘A-’, and maintained its outlook for the Singapore-headquartered reinsurer at ‘Stable’.   19 August 2019

Insurance

Re/insurers struggling with California wildfire risk despite rate hikes: S&P

The market for re/insuring California wildfire risk remain in disarray with no consensus on what constitutes adequate rates and little comfort with the risk despite substantial updates to wildfire risk models.   19 August 2019

Insurance

Genstar-backed Obsidian secures A- rating for new E&S carrier

Obsidian is targeting the hardening E&S market that is seeing an increase in MGA activity.   12 November 2020

Insurance

Low interest rates bigger worry for insurers than no-deal Brexit: S&P

Prolonged lower interest are rates a bigger worry than Brexit for insurers.   8 October 2019

Insurance

Reinsurers in for a major stress test if Hurricane Dorian losses exceed Irma's: S&P

Reinsurers and alternative capital will bear the majority of losses caused by Hurricane Dorian if the Category 4 storm makes landfall in densely populated areas of the Florida peninsula, warned rating agency S&P Global.   2 September 2019

Insurance

Accounting standard IFRS 17 highlights how low interest rates hurt insurers: S&P

Accounting standard IFRS 17 is more realistic and consistent than the standard it replaces, IFRS 4, and will show how lower interest rates are hurting insurers.   19 September 2019

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