Fitch upgrades Italian insurance market
Fitch Ratings has revised the rating outlook for the Italian non-life insurance market to stable from negative, on the grounds of improving profitability driven by premium rises and better risk selection.
Fitch said in a newly-published report that trading conditions in the Italian non-life insurance market are improving, after two years of weak operating performance.
"There is a stronger degree of consensus among market participants regarding the need to raise tariffs to restore profitability, as well as more evidence that the operating environment, and regulatory aspects in particular, could support the non-life industry in its recovery," said Federico Faccio, senior director in Fitch's insurance team.
"However, the speed at which non-life insurers have responded to the sharp deterioration of the underwriting conditions in 2009 and 2010 has varied between market participants, with higher rated companies having been quicker to respond."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Broker
Lucy Clarke, WTW
Lucy Clarke leads WTW’s risk and broking business, covering more than 14,000 colleagues across 140 countries.
Jane Kielty, Aon
Jane Kielty, CEO of Aon UK, Ireland and South Africa, is redefining what leadership in insurance looks like in 2026.
Michael Rea, Gallagher
Michael Rea’s first full year as CEO of Gallagher’s UK & Ireland broking business has reinforced his reputation as one of the nation’s biggest movers and shakers in insurance.
Robert Kennedy, Howden UK & Ireland
A fresh face on Insurance Post’s Power List in 2026, on 1 October 2025 Robert Kennedy succeeded Carl Shuker as CEO of Howden UK & Ireland, reporting to CEO David Howden.
Ones to watch in 2026: Future Power List contenders
These industry leaders narrowly missed out on a place in Insurance Post’s 2026 Power List, but based on their role, career to date and growing influence look set to feature in future rankings.
Why now is the time to introduce a new Financial Services Bill
Trade Voice: Graeme Trudgill, CEO of the British Insurance Brokers Association, says the time is now for a new Financial Services Bill to help supercharge the broking sector.
Rob Worrell, Everywhen
Rob Worrell has been CEO of Everywhen, formerly known as Ardonagh Advisory, since December 2017 and leads an organisation that spans networks, general insurance, employee benefits and MGAs.
Kevin Spencer, Markerstudy
Kevin Spencer has built Markerstudy into a UK insurance powerhouse with millions of policyholders, but is now working under a Financial Conduct Authority-imposed cap on customer numbers while concerns raised by the regulator are addressed.