Given three consecutive years of net underwriting losses in the U.S. homeowners insurance segment combined with other ongoing market challenges, AM Best has revised its outlook on the segment to negative from stable.
Tag: negative outlook
U.S. P&C Sector Weathers S&P Downgrade
Despite S&P’s downgrade of the U.S. P&C market to negative, the sector stocks continue to fare well.
Fitch Ratings Revises London Market Insurance Sector Outlook to Negative
Fitch Ratings said the move reflected the “disruption and the related impacts on the credit quality of London Market insurers” caused by the outbreak Fitch Ratings has revised its outlook for the underlying fundamentals of the London Market to negative as a result of the ongoing coronavirus pandemic that has killed thousands across the globe.… Continue reading Fitch Ratings Revises London Market Insurance Sector Outlook to Negative
Fitch Ratings: Rating Outlook for U.S. Life Insurance Industry Revised to Negative
Fitch Ratings has revised the rating outlook for the U.S. life insurance industry to negative from stable. The outlook revision is due to increased concerns over the Coronavirus and related impacts on the credit quality of life insurers. Today’s rating outlook revision to negative reflects significantly increased uncertainties facing life insurers associated with the material… Continue reading Fitch Ratings: Rating Outlook for U.S. Life Insurance Industry Revised to Negative