News
Insurance
Rating agency AM Best has added nine insurers to its 2015 list of impaired insurers in its latest update on the long-term impairment rates of AM Best rated US-domiciled insurance companies. 1 December 2016
Insurance
Further declines in profitability and earnings driven by competitive market conditions has prompted rating agency Fitch to revise its sector outlook for the US property/casualty insurance sector to negative from stable. 1 December 2016
Insurance
The US National Flood Insurance Program (NFIP) has tested the transfer of flood risk to the private reinsurance sector, paving the way for a large-scale privatisation of US flood risk. While the potential business for reinsurers is significant, it is likely to be a long and complex process. 30 November 2016
Insurance
US property/casualty insurers can expect losses from third-party liability asbestos claims to increase 18 percent to $100 billion, according to an AM Best report. 29 November 2016
Insurance
European insurers are modifying their product structures to take account of lower rate expectations, according to a report from S&P Global Ratings. 28 November 2016
Insurance
S&P Global Ratings has revised its outlook on Deutsche Rueckversicherung Group from negative to stable. Furthermore, the ratings agency has affirmed Deutsche Rück’s long-term insurer financial strength to ‘A+’. 28 November 2016
Insurance
The UK government’s recent proposal to raise insurance premium tax (IPT) from 10 percent to 12 percent, as laid out in its Autumn Statement, has created a backlash within the insurance sector. 24 November 2016
Insurance
The competitive landscape for reinsurance in China and India are changing significantly through the introduction of a new regulatory regime and the liberalisation of the market, said S&P Global Ratings. 24 November 2016
Insurance
As the UK government proposes to cap compensation for whiplash injuries, motor insurance premiums are likely to fall, according to Fitch Ratings. 23 November 2016
Insurance
Nine Merchants Re, the new reinsurer backed by First Seafront Financial, has confirmed that it is in discussions with the Hong Kong regulator and rating agency AM Best. 23 November 2016
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