Industry Segments: Ratings Page 14 / 18
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- December 28 2021
PartnerRe to diversify Covéa’s business profile: AM Best
The deal is expected to broaden the French mutual insurer's product offering and geographic footprint.
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- December 28 2021
Sompo Japan’s overseas premium rates to increase in 2022: Moody’s
Sompo saw 26% increase of overseas premium in the first half of 2021.
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- December 22 2021
Guoren P&C’s reduced motor exposure to boost performance
Fitch tells IAN the insurer’s auto business was much lower than the industry average of 54%.
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- December 21 2021
New motor regime to impact CPPIC profits: Moody’s
The insurer also faces competition in the A&H market as well as volatility in its growing agricultural line.
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- December 17 2021
Tugu Re’s CR up on overseas, health claims: Fitch
The reinsurer's non-life combined ratio increased to 107.5% by the end of September after averaging 105.2% between 2018-20.
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- December 16 2021
Peak Re eyes US casualty expansion: AM Best
The Hong Kong-based reinsurer also plans to continue growing its non-proportional treaty business.
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- December 16 2021
China’s insurers ready for C-Ross roll out: Fitch webinar
The new solvency framework comes in to force in January 2022.
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- December 15 2021
Suncorp’s premium growth offsets high nat cat costs: Fitch
The Australian giant has had an average combined ratio of 94% over the past three years.
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- December 15 2021
China’s P&C market to see low single-digit growth in 2022: Moody’s
Motor pricing reform continues to affect premium growth in China.
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- December 10 2021
Malaysian Re posts improved underwriting results: AM Best
The reinsurer plans to expand into non-traditional products, new markets and distribution channels.
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- December 10 2021
Korean Re’s commercial lines portfolio improves
The reinsurer is also aiming to cut its personal lines business to boost overall profitability.
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- December 9 2021
Labuan Re faces GWP decline amid Lloyd’s rollback: AM Best
The rating agency also upgraded its outlook for the Malaysian reinsurer from negative to stable.
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- December 7 2021
FWD GI gets outlook upgrade
Fitch report says the Hong Kong P&C player plans to expand its device protection retrocession business.
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- December 6 2021
Qianhai Re’s underwriting progress faces nat cat pressure
AM Best tells IAN the reinsurer’s underwriting margin improved from 107.8% to 102.5% between 2019-20.
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- December 3 2021
Malaysia’s Lonpac gets lockdown boost: AM Best
Movement restrictions during the pandemic led to lower loss ratios for some business lines.
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- December 2 2021
Reinsurance rates to rise as large cat losses hit: S&P webinar
Panelists predict any new lockdown measures would have only a limited impact on the global P&C market.
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- December 2 2021
Indonesia’s Tugu ‘dominates’ energy, aviation and marine: AM Best
The company has "high reinsurance usage" to support the underwriting of large commercial risks.
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- December 1 2021
Japan property rates to keep rising: Fitch
The increases are set to continue in part due to higher reinsurance costs.
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- November 25 2021
Indonesia’s Wahana Tata faces Covid rules hit: Fitch
The insurer's COR averaged at 97% between 2018-20 due to reduced motor claims following travel restrictions.
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- November 25 2021
Sri Lanka’s P&C players face motor fee burden
Fitch report says a government charge on vehicles involved in traffic accidents may have to be reimbursed by insurers.
