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UK climate stress test for banks, insurers is the toughest yet: Fitch

by AIP Online Bureau | May 23, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Life, Non-Life

Non-life insurers and reinsurers are exposed to physical risk through property and catastrophe losses, which are becoming more frequent and severe due to climate change Life insurers are more exposed to the transition risk that affects the assets in their investment...

Reinsurers return more capital on very strong 2021 results: Fitch

by AIP Online Bureau | Mar 17, 2022 | International News, Non-Life, Reinsurance

The strong increase in earnings in 2021 allows reinsurers to overcompensate for a rise in excess mortality losses linked to Covid-19, above-average natural catastrophe claims and a lower investment income Paris/Frankfurt: The four major European reinsurers – Hannover...

Market volatility is Ukraine war’s main risk for European insurers: Fitch

by AIP Online Bureau | Mar 17, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“We estimate that global reinsurers’ coverage of risks in Russia typically accounts for less than 2% of their gross written premiums (GWP). The exposure is mostly from specialty lines, such as energy, marine and aviation, typically written through Lloyd’s of...
Fitch downgrades Sri Lanka’s sovereign rating to ‘CC’

Fitch downgrades Sri Lanka’s sovereign rating to ‘CC’

by AIP Online Bureau | Dec 18, 2021 | Eco/Invest/Demography, International News, Risk Management

”The downgrade reflects our view of an increased probability of a default event in coming months in light of Sri Lanka’s worsening external liquidity position, underscored by a drop in foreign-exchange reserves set against high external debt payments and...
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