The 18 non-life reinsurers monitored by Fitch Ratings posted solid underwriting profits in 1H23 with an aggregate reinsurance combined ratio of 88%. This included moderate losses of 6.7pp from catastrophes.
Tag: Fitch Ratings
U.S. Commercial Insurance Revenue Growth, Profits to Moderate in 2023
The U.S. commercial lines insurance segments are being challenged by slower revenue growth, inflation-based claim uncertainty and less favorable loss reserve experience, Fitch Ratings says.
US Cyber Insurers See Favorable Premium Growth, Results in 2023
The US cyber insurance market is anticipated to maintain favorable premium growth and underwriting results through 2023.
U.S. Property Casualty Insurance Underwriting Losses to Moderate in 2023
U.S. property/casualty industry underwriting results are likely to improve in 2023 as premium rates rise significantly in underperforming automobile and property segments, Fitch Ratings says.
U.S. Directors and Officers Liability Market Update
Longer-term increases in litigation activity, defense costs and settlement trends, offset by a pandemic-induced disruption in claim trends, drove directors and officers (D&O) liability underwriting volatility recently.
Workers’ Comp Insurance Faces Pricing, Loss Severity Uncertainty
Unfavorable pricing trends, competitive market conditions and potential for worsening loss trends amid inflation and macroeconomic pressures may lead to rising loss severity in Workers’ Comp.
Fitch Outlook Neutral on North American Life Insurers
Fitch Ratings has a neutral sector outlook for North American life insurers for 2023.
Reinsurance Rates for Catastrophe Property Expected to Rise by 10%: Fitch
Reinsurance rates for property catastrophe business should rise by more than 10% when contracts are renewed in January 2023.
Fitch: U.S. Insurers to Navigate a More Precarious Economy in 2023
The U.S. economy is headed for a mild recession next spring, with different outcomes for all major insurance sectors.
Fitch Ratings: D&O Premium Increases to Slow Down
According to Fitch Ratings, a three-year trend of steep premium increases in the US directors and officers (D&O) insurance market, along with lower limits, higher retentions, and more coverage exclusions, is beginning to subside. These trends have resulted in an improvement in the financial performance of US D&O insurers over a three-year period. According to… Continue reading Fitch Ratings: D&O Premium Increases to Slow Down