News

Insurance

Australian MGA Agile gets approval to begin underwriting from Lloyd’s

Asta-managed Agile ‘syndicate-in-a-box’ will commence underwriting in May.   1 May 2024

Insurance

Cost cuts stabilise profitability of Dutch life insurers, non-life improvements expected

Cost cuts have offset low interest rates and declining premium volumes on legacy portfolios, stabilizing profitability of Dutch life insurers, according to Fitch Ratings.   6 July 2017

Insurance

M&A activity in re/insurance on the rise

The combination of continued competitive pressures, the effects of US tax reform and catastrophe losses in 2017 is leading to speculation of more mergers and acquisitions (M&A) among re/insurers in 2018, especially in the Bermuda market, says Fitch Ratings.   12 February 2018

Insurance

SCOR faces another downgrade as concerns over performance mounts

It’s the fourth downgrade for the global giant following a tone set by S&P, Fitch & Moody’s.   10 March 2023

Insurance

Protectionist regimes are a challenge to reinsurers targeting growth in Asia

Asian regulators are continuing to enhance and improve their regimes, and several Asian countries are adopting protectionist measures to expand their domestic reinsurance market, Christopher Han, associate director at Fitch Ratings, told SIRC Today.   30 October 2017

Insurance

Foreign ventures save Japanese insurers from home market woes: Fitch

‘Steady growth’ and underwriting profitability in North America and UK are bulwarks.   20 June 2024

Insurance

Largest German run-off life deal paves way for more

The Generali deal which will see the Italian insurer sell its unit Generali Leben would be the largest run-off deal in Germany to date in what will be a growing theme in the German life insurance market, according to Fitch Ratings.   6 July 2018

Reinsurance

Striking a hard bargain: re/insurers react to COVID-19

The re/insurance market is hardening, that is now a given. During virtual Monte Carlo 2020, industry professionals shared their thoughts on how this hardening market will play out and how the impacts of COVID-19 will feed into this ever shifting picture.   1 October 2020

Insurance

UK non-life insurers to raise premiums to offset claims inflation

UK non-life insurers are set to increase motor and household premiums to counteract claims inflation, Fitch Ratings said on Aug. 24.   24 August 2017

Insurance

XL Group benefits from acquisition by AXA

Fitch Ratings has placed the ratings of XLIT (XL, a Cayman Islands subsidiary of XL Group) and its property/casualty re/insurance subsidiaries on Rating Watch Positive from Negative Outlook following the planned acquisition by AXA.   7 March 2018

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