May 17, 2024
The U.S. cyber insurance market saw what Fitch Ratings called an unexpected 1% decline in direct written premiums in 2023 following a 160% increase from 2020 to 2022. According to Fitch Ratings’ U.S. Cyber Å˽ðÁ«´«Ã½Ó³» Market Update, standalone cyber written …
April 16, 2024
The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled amid renewed pricing pressure, according to a Fitch Ratings analysis. For standalone cyber coverage, the direct incurred …
April 9, 2024
Inflation is bringing rising loss costs for US commercial property/casualty insurers, according to Fitch Ratings, which reviewed reports from three US insurers — Cincinnati Financial Corp., HCC Å˽ðÁ«´«Ã½Ó³» Holdings Inc., and Selective Å˽ðÁ«´«Ã½Ó³» Group Inc. — to gauge trends for …
April 4, 2024
The U.S. directors and officers (D&O) liability insurance segment’s strong underwriting profit of 2023 is unlikely to be sustainable, according to Fitch Ratings in a report. Fitch attributed this reality to declining premium revenues from lower premium rates, as well …
February 29, 2024
Fitch Ratings said it expects underwriting results for U.S. personal auto insurer to continue to improve this year but the pace to profitability will vary. Auto insurers Progressive and GEICO were the only two of 10 publicly traded carriers analyzed …
February 23, 2024
U.S. homeowners’ insurance is in position to improve in 2024, according Fitch Ratings. The rating agency said premium revenue growth, tied to recent substantial price increases and more diligent underwriting to manage risk concentrations and aggregations, points to improvement in …
January 25, 2024
Reinsurers’ underwriting margins are expected to peak in 2024 on the significant price rises and tighter terms and conditions achieved during 2023 and in the January 2024 renewals, which will likely lead to softer market conditions in 2025, according to …
January 19, 2024
Not all analysts think an underwriting profit is out of reach for 2024. While a recent forecast from Fitch Ratings puts the 2024 combined ratio above 100, an improvement from 2023, a report by Swiss Re Institute projects both 2024 …
November 21, 2023
Lower natural catastrophe losses, a better investment result and strong revenue growth in property/casualty reinsurance led to strong earnings’ increases for the four main European reinsurers in the nine month-period of 2023, according to Fitch Ratings in a new report. …
November 2, 2023
Fitch Ratings expects Hurricane Otis’ effects on Mexico’s insurance industry to be controlled and within its current ratings expectations, the agency said in a statement on Wednesday. “Fitch Ratings expects that the credit impact will be negligible on the Mexican …