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Fitch Ratings


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Canadian non-life insurance market poised for 2017 profit recovery: Fitch

January 25, 2017 by Canadian Underwriter

The Canadian non-life insurance industry is likely to return to an underwriting profit in 2017, according to Fitch Ratings’ new report on the Canadian non-life insurance market. Following a significant improvement in 2015 underwriting performance, the market in aggregate will

News InsuranceMarkets / Coverages

U.S. insurance broker profitability to persist in 2017, be supplemented by organic revenue growth: Fitch

December 2, 2016 by Canadian Underwriter

Fitch Ratings expects insurance broker earnings and revenue south of the border to likely to modestly improve in 2017 compared to the first nine months of 2016. “In 2017, Fitch expects brokers will continue to supplement organic revenue growth through

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Fitch changes U.S. P&C insurance industry outlook to negative from stable

November 30, 2016 by Canadian Underwriter

Fitch Ratings has changed the fundamental sector outlook for the United States property and casualty insurance industry to negative from stable, reflecting recent declines in profitability and anticipated further earnings deterioration in 2017 due to more competitive market conditions. Fitch

News CatastrophesInsuranceMergers and AqcuisitionsReinsurance

PERILS AG almost doubles initial property loss estimate for Central Italy earthquake

November 24, 2016 by Canadian Underwriter

PERILS AG’s second loss estimate for insured property loss associated with Central Italy’s earthquake in August has almost doubled from 34 million euros to 66 million euros. The third loss estimate for the quake is scheduled to be published Feb.

News InsuranceMergers and AqcuisitionsTechnology

Aon cyber coverage to include business interruption resulting from network failure

September 28, 2016 by Canadian Underwriter

Aon plc announced Wednesday its Cyber Enterprise Solution, suggesting that the policy wording on the insurance policy is proprietary to Aon and could cover property damage arising out of a network security breach. Aon Cyber Enterprise Solution “can address emerging

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

U.S. excess and surplus underwriters likely to outperform P&C industry: Fitch

September 26, 2016 by Canadian Underwriter

Excess and surplus (E&S) underwriters in the United States will likely outperform standard market underwriters in 2017 even if underwriting profitability weakens next year, according to Fitch Ratings’ latest U.S. Excess and Surplus Lines Market Review report. E&S underwriters outperformed

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

Insured losses from Hurricane Hermine will likely not exceed US$400 million: RMS

September 19, 2016 by Canadian Underwriter

Global catastrophe risk management firm Risk Management Solutions, Inc. (RMS) estimated on Monday that the insured loss associated with wind and coastal flooding from Hurricane Hermine will not exceed US$400 million. This figure includes property damage and business interruption caused

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Weakening reinsurance environment leaving more reinsurers vulnerable to takeover in 2017: Fitch

September 13, 2016 by Canadian Underwriter

Weak profitability is likely to leave more reinsurers worldwide vulnerable to takeover in 2017, reinvigorating mergers and acquisitions (M&A) activity as healthier firms seek growth and efficiency savings, Fitch Ratings said on Monday. Consolidation in the sector has stalled after

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Industry must more effectively harness potential of satellite, drone and aerial technologies: Guy Carpenter’s head of cat planning & response

September 12, 2016 by Canadian Underwriter

Advances in the development of “visual intelligence” based on multiple data sources, including satellite imagery and drone footage, have the potential to significantly enhance claims and catastrophe response processes and underwriting decision making when companies harness that potential effectively, according

News CatastrophesEarnings / RatingsInsuranceMarkets / CoveragesReinsurance

Hermine expected to have “modest” impact on P&C, cat bond markets: Fitch

September 8, 2016 by Canadian Underwriter

Hurricane Hermine is expected to have a “modest” impact on the property and casualty and catastrophe bond markets, according to ratings agency Fitch Ratings. Insured losses for reinsurers from this event will also likely be limited, but Fitch said in

News Insurance

Latest container shipping defaults expected to be followed by more M&A: Fitch Ratings

September 6, 2016 by Canadian Underwriter

Fitch Ratings expects more defaults and mergers and acquisitions activity in both the short and medium terms for container shipping, but adds this “will only restore equilibrium and boost freight rates if they prompt capacity reduction.” The comments follow Korean

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

North American P&C insurers’ operating profitability declines in first half of 2016: Fitch

August 29, 2016 by Canadian Underwriter

North American property and casualty insurers’ operating earnings decreased in the first half of 2016, as results were challenged by modest underwriting deterioration and low investment yields, according to a new report released on Friday by Fitch Ratings. For a