Fitch Ratings
Greek debt swap manageable for European insurers
Insurers have written down Greek sovereign debt in line with falling market prices, according to Fitch.
No rating impact on QBE after HSBC acquisitions
QBE Insurance Group's ratings will not be affected by the proposed acquisition of HSBC Holdings' general insurance businesses in Argentina and Hong Kong.
Eurozone crisis biggest challenge for life insurers
Continued eurozone crisis will affect insurers in 2012, but it is difficult to quantify how severely, according to Fitch senior director Federico Faccio.
Fonsai downgraded to 'BB' along with main subsidiary
Italy’s second largest motor insurer Fondaria-Sai has been downgraded from ‘B+’ to ‘BB’ along with its main subsidiary Milano Assicurazioni.
Mapfre IDR downgraded following sovereign
Fitch Ratings has downgraded the issuer default rating for Spanish insurer Mapfre SA and its core subsidiaries from ‘A-‘ to ‘A’.
Towergate 'financially rock solid' despite IDR downgrade warning
Towergate chief financial officer Ian Patrick has described his firm as being “comfortably within the expected range” after Fitch Ratings reaffirmed the broker’s issuer default rating at ‘B’, but changed the outlook from stable to negative.
Fitch: eurozone stress analysis concludes further rating actions unlikely
Fitch Ratings says that it does not expect to take any further rating actions on European insurers as a result of its most recently updated eurozone stress test analysis.
Eurozone woes dictate global credit outlook
The intensification of the Eurozone crisis in H211 triggered an overall rise in the proportion of negative rating outlooks assigned by the agency, according to Fitch Rating’s latest bi-annual global credit outlook report.
Solvency II capital proposals bad for captives, says Fitch
The latest QIS5 Solvency II regulatory capital proposals could significantly increase the capital and compliance burden of the European captive market, according to a report by ratings agency Fitch.
Fitch launches Indonesian portal
Fitch Ratings has launched a website specifically for Indonesia.
Russian Insurance Centre's 'B' IFS rating affirmed
Fitch has affirmed Russian Insurance Centre's insurer financial strength rating at 'B' and national IFS rating at 'BBB-', reflecting the "relatively strong" operational profile of the commercial property and casualty specialist.
Ace Russia achieves 'BBB+' IFS rating
The Russian subsidiary of Ace Insurance Company has had its Insurer Financial Strength and national IFS ratings upgraded by Fitch.
Fitch Ratings gives referral fee ban its seal of approval
Fitch Ratings has approved measures to ban UK motor insurers from receiving any type of referral fees, saying represents a more meaningful step towards combating the rise in fraudulent claims.
Zurich's 'A+' IFS rating affirmed
Zurich Insurance Company's has had its ‘A+’ insurer financial strength rating and 'A' issuer default rating affirmed by Fitch.
Ageas's Asian subsidiary has ratings affirmed
Ageas Insurance Company (Asia) has had it’s long-term foreign currency issuer default rating affirmed at 'BBB+', and insurer financial strength rating affirmed at 'A-' by Fitch.
Beazley interest in Hardy underlines 2012 consolidation, claims Fitch
Fitch Ratings has reiterated its expectation that 2012 will signal an increased consolidation in the non-life insurance sector, following the news of Beazley's renewed interest in buying Hardy Underwriting Bermuda.
Allianz's 'AA-' IFS rating affirmed
Allianz SE has had its insurer financial strength rating and long-term issuer default rating affirmed at 'AA-' by Fitch
Fitch positive on Tokio Marine's Delphi swoop for enhancing overseas earnings
Fitch Ratings has said that there will be limited immediate impact on Tokio Marine & Nichido Fire Insurance, a core company in Tokio Marine Group, from Tokio Marine Holdings's proposed acquisition of Delphi Financial Group.
Mapfre placed on Rating Watch Negative
Mapfre’s ‘A’ Issuer Default Rating and its core operating subsidiaries’ ‘A+’ Insurer Financial Strength (IFS) rating have been placed on rating Watch Negative (RWN) by Fitch Ratings.
Solvency II will drive UK M&A, Fitch predicts
Fitch Ratings expects Solvency II and low valuations to result in further merger and acquisition activity in the UK non-life insurance sector in 2012.
Europa placed on positive watch ahead of acquisition
Europa has had its rating watch upgraded in high of its proposed takeover by Talanx.
Generali's German subsidiaries downgraded
Generali Group's three German non-core subsidiaries have been downgraded by Fitch, following the downgrade of their parent company.
UK insurers wait on developments following PM Cameron EU Treaty veto
Standard and Poor’s downgrade warning on 15 insurers should have been “no surprise” but the market is still in the same position it was a week ago given the lack of “concrete activity” at the weekend, according to an industry analyst.
Generali and Mapfre among insurers downgraded by Fitch
Several Italian and Spanish insurers have been downgraded following assessments of their pro-forma capital adequacy amid challenging investment conditions.