Fitch Ratings News
U.S. Workers Comp On Track for a Fifth Consecutive Year of Underwriting Profits: Fitch
The U.S. workers compensation insurance market is likely to post a fifth consecutive year of underwriting profits in 2019 after stellar results in 2018, Fitch Ratings is predicting in a new report. ...
U.S. Personal Lines Is on an Upswing, Driven by Auto Insurance Gains
U.S. personal lines insurance saw strong premium growth of 8 percent in 2018. What's more, the sector's statutory combined ratio of 99 for 2018 represented the market's best results since 2013, ...
Down From Heady Highs, the U.S. Cyber Insurance Market Still Grew 8 Percent in 2018
The U.S. cyber insurance market dropped from robust, double-digit growth in 2017 to a still-healthy single-digit increase in 2018, Fitch Ratings said. For 2018, direct written cyber premiums grew 8 ...
Bermuda Market ‘Resilient’ Despite Higher Cat Losses, U.S. Tax Reform Changes: Fitch
Bermuda-based insurers and reinsurers continue to be tested by challenging market conditions, including heightened catastrophic losses and diminishing competitive advantage resulting from U.S. tax ...
Workers Comp Is Ongoing Target for Technology Investments: Fitch Ratings
Workers compensation insurers are ongoing targets for technology investments designed to keep the sector competitive and boost performance. Without it, market consolidation is likely, Fitch Ratings ...
Big 3 Drive Personal Auto Insurance Recovery; Signs of Rate Hike Fatigue Ahead
Steady improvement for U.S. personal auto insurance companies has culminated in the sector's best underwriting performance in 10 years, according to a report from Fitch Ratings. The market ...
Excess Capacity Is Keeping London Market Insurers’ Profits Under Pressure: Fitch
The profitability of London market and Lloyd's insurers is expected to remain under pressure in 2018, despite the fact that rates improved slightly following the catastrophe losses in the second ...
NFIP, Private Flood Insurance Carriers, Auto Writers Will Handle Brunt of Florence Losses
The National Flood Insurance Program, private flood insurance carriers and auto insurance writers will likely deal with the bulk of insured losses from Hurricane Florence, Fitch Ratings said in a new ...