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Environmental, social credit risks to rise in 2023, Moody’s says

by AIP Online Bureau | Jan 11, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Policy

“The rapid crystallization of climate change-related risks have highlighted the need for rapid decarbonisation and scaling up of adaptation finance, bringing longer-term environmental risks into sharper relief,” Rebecca Karnovitz, vice president – senior credit...

Moody’s cuts Fosun International’s credit rating, raises concerns over asset sales

by AIP Online Bureau | Oct 27, 2022 | Eco/Invest/Demography, International News, Non-Life

Fosun’s insurance shareholdings include AmeriTrust Group, Peak Re, Fosun Insurance Portugal, and Pramerica Fosun Life Insurance. Global credit rating agency Moody’s downgraded Fosun International Ltd. by one notch on Tuesday and revised its outlook to “negative” from...

Hospitals and infrastructure are most vulnerable to Cyber risks: Moody’s

by AIP Online Bureau | Oct 4, 2022 | International News, Non-Life, Reinsurance, Risk Management

“We view not-for-profit hospitals as being highly attractive, data-rich targets with average mitigation measures in place to reduce the impact of a potential cyber event,” the report said Around $22 trillion of global debt rated by Moody’s has a “high” or “very high”...

MOODY’s unveils new ESG insurance underwriting solution for P&C insurers

by AIP Online Bureau | Sep 9, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance

As insurers are seeking to measure the ESG impact of their portfolio, alongside the assessment of traditional insurance risks, this new offering is a great example of how our integrated risk-assessment strategy helps meet our customers’ needs,” said Colin Holmes,...

Rating Action: Moody’s places Peak Re’s ratings on review for downgrade

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

The review for downgrade on Peak Re’s A3 IFSR follows Moody’s rating action on June 14, 2022 to place on review for downgrade the Ba3 corporate family rating of Peak Re’s majority shareholder, Fosun International Limited (Fosun, Ba3 review for...
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