Fitch Ratings
Towergate assigned B- rating amid free cash flow pressures
Fitch has assigned TIG Finco, the new holding company for Towergate Group, a long-term issuer default rating of 'B-' with a stable outlook.
Fitch assigns Ageas Insurance A+ 'strong' IFS rating
Ageas Insurance has been assigned the A+ ‘strong’ insurer financial strength rating by Fitch, with a ‘stable’ outlook.
Big data tipped to impact insurers' credit ratings
Harnessing big data will be key to insurers' profitability, competitiveness and, in the long term, credit ratings, according to a Fitch Ratings report.
Household pressure to offset improved motor climate in 2015, says Fitch
A halt in motor premium declines and improved commercial performance is expected to see the UK non-life market stabilise in 2015 but this could be offset by increased pressure in the household space, according to Fitch Ratings.
Fitch predicts more consolidation among smaller European insurers
Merger and acquisition activity among smaller European insurers is likely to gather momentum as the countdown to Solvency II continues and profitability remains under pressure, according to Fitch Ratings.
Fitch downgrades Towergate to B-
Fitch Ratings has downgraded Towergate to B- and placed the consolidator's rating on rating watch negative.
Fitch warns of Towergate downgrade if cost-saving measures fail
Fitch Ratings has cast doubt over Towergate's ability to execute its change programme in the wake of group CEO Mark Hodges resigning.
Fitch affirms Lloyd’s IFS rating at AA-
Ratings agency Fitch has decided to confirm the Insurer Financial Strength rating of Lloyd’s and it’s Chinese operation at AA-, with a stable outlook.
German motor market to turn a profit in 2014
Premium increases in the German motor market are expected to trigger a sub-100% net combined operating ratio for the first time in seven years, according to a report by Fitch Ratings.
Lloyd’s upgraded to ‘AA-‘ by Fitch
Lloyd’s has been handed an improved insurer financial strength rating by Fitch, moving from “A+” to “AA-“.
Telematics to improve motor profitability, claims Fitch report
Telematics devices are likely to improve the profitability of motor insurers by assisting in the better pricing of risks, according to Fitch Ratings.
Turkey in general insurance turnaround, says Fitch
The Turkish general insurance market made a profit of $357m (€260m) in 2013 after four years of poor results.
Catastrophes 'manageable' as global reinsurers post solid profits
Global reinsurers posted solid underwriting gains in 2013, as catastrophe-related losses were manageable and loss reserve development remained favorable, according to Fitch.
Fitch predicts pressure on Flood Re due to public funds uncertainty
Uncertainty around UK government spending on flood defences could lead to Flood Re facing higher-than-expected claims in the future, according to Fitch Ratings.
Concerns remain despite RSA CEO Hester unveiling strategic action plan
S&P upgrades insurer to ‘A’ as boss pledges to transform firm’s fortunes.
2013 results: insurers’ CORs boosted by benign weather but RSA takes £244m hit
Insurers’ full‑year results were bolstered by largely benign weather conditions last year as many firms sacrificed market share in motor and home segments to retain profitability.
UK storm and flood losses manageable for insurers says Fitch
The losses relating to the 2013/2014 winter floods and storms will be manageable for UK non-life insurers, according to a report by Fitch Ratings
Fitch keeps RSA on negative watch
Fitch has said it will keep RSA's 'A' insurer financial strength on rating watch negative amid capital raising measures by the firm.
Fitch affirms Generali at A- with negative outlook
Fitch has confirmed the ratings of Italian insurance giant Generali, locking the insurer and its core subsidiaries’ Insurer Financial Strength score at A- with a negative outlook.
Ukrainian market shows signs of strong recovery
Profitability in the Ukrainian non-life insurance sector has recovered strongly in recent years but standards of regulation and financial reporting continue to act as a drag on ratings, according to Fitch’s market update.
Riskier investments may hit ratings warns Fitch
Increasingly risky investments by European insurers could see the firms suffer in their ratings, Fitch has warned.
External candidate expected to replace Lee at RSA as sale speculation mounts
Analysts say firm could seek to raise capital by selling international operations
Fitch puts RSA ratings on negative watch
Fitch has placed RSA’s 'A' insurer financial strength rating on watch negative following the announcement of further reserve strengthening in relation to its Irish business.
Dutch non-life market “stable” says Fitch
Non-life insurers in the Netherlands face a stable environment in 2014, in spite of continued pressure on the health market.