Pricing improvements over several years in underwriting portfolios have propelled returns for U.S. regional property and casualty insurers, according to Fitch Ratings. The ability to implement further pricing actions in a more competitive market environment will have a significant influence …
Underwriting profitability for private passenger automobile insurance has deteriorated in 2015 for many leading US writers, says Fitch Ratings. The weakening results through the first nine months of the year reverse a trend in underwriting profitability improvement since 2012. The …
The insurance market underwriting cycle is turning unfavorable in many U.S. commercial market segments, including directors and officers (D&O) liability insurance, Fitch Ratings says. Premium rates in property lines have been declining for some time in response to a lack …
Medical professional liability insurance for the U.S. property/casualty industry continued its years-long decline in 2014 in terms of net written premium volume, hammered by everything from worsening accident-year results to a rapidly evolving healthcare market, Fitch Ratings found. Fitch said …
Severe winter weather is causing large losses for property/casualty insurance companies in early 2014, however there should be no rating impact as a result, according to Fitch Ratings. The severe winter weather from Jan. 1 to Feb. 21 has generated …
Enough capacity remains available in the (re)insurance markets to provide sufficient coverage and withstand potential losses from hurricane related perils as the U.S. tropical storm season approaches, according to Fitch Ratings’ annual hurricane season desk reference report. This is the …