Company: Fitch Page 1 / 2
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- December 4 2024
Despite challenges, Asia Pacific non-life insurers to benefit from rate hikes, costs control: Fitch
The rating agency has assigned a neutral outlook for the Asia Pacific insurance sector.
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- November 28 2024
Malaysian Re’s focus on volatility of non-voluntary cession, overseas businesses key to underwriting performance stability: Fitch
The rating agency affirmed Malaysian Re’s insurer financial strength rating at 'A' (strong) with a stable outlook, reflecting its 'moderate' company profile and 'very strong' capitalisation.
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- November 22 2024
Fidelidade Macau improves ROE on China border reopening, light rail transit project: Fitch
The rating agency has affirmed the P&C carri rating at 'A' (strong) with a stable outlook driven by the insurer's strategic importance to its Portuguese parent company.
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- November 21 2024
Seoul Guarantee Insurance could see decline in underwriting performance on a rise in paid claims: Fitch
The rating agency has affirmed SGI’s rating at 'AA-' (very strong) with a stable outlook taking into account its strong capitalisation, financial performance, and the support it receives from the government.
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- November 18 2024
Tugu Re’s property, credit businesses adds volatility as 2023 COR rises to 107%: Fitch
The global rating agency has affirmed Tugure’s rating at 'A+(idn)' with a stable outlook.
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- November 15 2024
Emerging capital standards to increase Korea, HK and Taiwan insurance consolidation: Fitch Ratings
Regulators in the Asia Pacific region are upgrading existing solvency frameworks with a growing emphasis on aligning with ICS, IFRS 17 and other global regimes.
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- November 8 2024
Fitch upgrades QBE Insurance as profitability, capital buffer improve
The rating agency has affirmed QBE's insurer rating 'A-' taking into account its improving financial performance and solid capitalisation metrics.
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- November 8 2024
Fitch downgrades Suncorp Group following banking exit, higher reinsurance retentions
The group’s main non-life arm AAI’s financial strength rating has been changed to A+ from AA-.
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- November 4 2024
Capital management, technology key to adapting to changing reinsurance landscape: Fitch
The reinsurance sector is undergoing significant transformations, driven by regulatory changes, emerging risks, and evolving investment strategies, says Jeffrey Liew of Fitch.
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- October 15 2024
Stable pricing trend for Asia Pacific reinsurers in 2024: Fitch
The report also stated that the rising frequency and severity of extreme weather events could increase reinsurance claims, potentially disrupting recent pricing stability.
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- August 30 2024
Indonesian carrier Artarindo’s capital buffer sufficient to support expansion: Fitch
The rating agency also assigned a first-time national insurer financial strength rating of "A+(idn)" to the carrier with a stable outlook.
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- August 2 2024
China United Property Insurance removed from negative rating watch, downgraded: Fitch
The rating action is due to potential reduction in support from parent China Orient Asset Management and the insurer's weakening capital strength, the rating agency said.
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- June 20 2024
Japanese carriers walk a thin line on ESG underwriting: Fitch
While the major non-life insurers have incorporated sustainability considerartions, they may face pressure from foreign investors who consider them inconsistent with global environmental standards.
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- June 13 2024
KFINCO vulnerable to cyclical construction sector, economy: Fitch
The ratings agency affirmed Korea Finance for Construction Insurance's financial strength rating at 'A' (strong), with a stable outlook.
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- April 23 2024
Korean insurers remain resilient to overseas commercial real estate deterioration: Fitch
A steady increase in the release of contractual service margins, driven by sound underwriting performance, will continue to support Korean insurers’ profitability despite volatility in their investment returns, Fitch said.
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- March 21 2024
China United Property Insurance put on negative rating watch: Fitch
The rating action is due to potential reduction in support from parent China Orient Asset Management and the insurer's weakening capital strength.
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- February 22 2024
New capital norms to drive consolidation in Indonesia’s takaful and retakaful sector: Fitch
Almost half the companies will have to raise capital to meet the requirement by end-2026 based on their latest equity levels, and almost two-thirds of them by end-2028, as capital generated through growth is unlikely to be sufficient, the rating agency said.
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- February 21 2024
Taiwan’s green power credit guarantee to mitigate default risk, eases up project financing: Fitch
With reinsurance provided by the National Credit Guarantee Administration and backed by EximBank, the new credit guarantee scheme will facilitate financing to wind project operators, Fitch said.
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- February 9 2024
Fitch slashes Indonesian insurer Eka Lloyd’s outlook on lower capitalisation
The Indonesian insurer's “BBB+” rating is affirmed. Still, credit insurance, which accounts for the bulk of its premium, could add volatility to its reserve.
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- February 6 2024
Indonesia’s tougher minimum capital rules for (re)insurers to drive consolidation: Fitch
About 62% of Fitch's rated carriers, all non-life and reinsurers, will need to raise new capital to meet the minimum equity requirement, which could unleash a wave of M&A.
