Rating Agencies
P/C Insurers Positioned for Underwriting Improvement, But Longer-Term Challenges Await
U.S. property/casualty insurers represent a source of stability amid the recent tumult of socioeconomic disruption from the coronavirus pandemic. The industry strengthened its capital base and ...
S&P Upgrades Fairfax Operating Subs to ‘A’; Outlook Stable
On Monday, S&P Global Ratings said it raised the financial strength ratings on the core insurance and reinsurance subsidiaries of Fairfax Financial Holdings Ltd. to "A" from "A-" with a stable ...
U.S. P/C Q1 2022 Underwriting Income Up 5 Percent: AM Best
AM Best reported Friday that first-quarter net underwriting income for the U.S. property/casualty industry rose 4.6 percent to $3.3 billion. Explaining the result, AM Best said that a 10.5 percent ...
Self-Fulfilling Rankings Boost Rating Agency Power: Researcher
Agencies that rate and rank nations, corporations and colleges wield enormous power, influencing investment flows and prompting leaders to pursue policies that might improve their standing. But the ...
S&P Global Heeds Warnings, Withdraws Proposal for Insurer-Rating Changes
After receiving a number of concerned comments, S&P Global Ratings said it is withdrawing a proposal to change the way it assesses risk-based capital adequacy for insurers and reinsurers. For the ...
DOJ Antitrust Chief Warns S&P Global Over Insurer Ratings Tweak
The Justice Department's antitrust division said in a letter dated last Friday that a proposed methodology change by S&P -- the world's largest credit ratings company -- could raise barriers for ...
Innovation Boosts Carrier Top Lines: AM Best
Insurers with well-developed innovation initiatives have much higher levels of top-line growth than those who lag behind on the innovation curve, AM Best reported last month. In a special report ...
AM Best and S&P Ratings Suspend All Commercial Operations in Russia
AM Best announced it has suspended all commercial activities to clients in Russia and has withdrawn all credit ratings on Russia-based re/insurance companies, subject to sanctions imposed by the ...