Credit FAQ: How We Use IFRS 17 Accounting Metrics In Our Analysis Of Insurers And Re-Insurers
Mar 18, 2025 -… For example, Hannover Re and SCOR use the net-net approach in calculating their combined ratio under IFRS 17. …
Balancing Act: Hybrid Capital Usage Among European Insurers
Mar 4, 2025 -… RT1 issuances from La Mondiale, AXA S.A., ASR Nederland N.V., NN Group N.V., Gjensidige, and SCOR SE in 2024 and Achmea B.V. and Storebrand ASA in early 2025 underline the trend of refinancing grandfathered debt with RT1s or refinancing RT1s on a like-for-like basis. …
Reinsurance Renewals For January 2025 Show Ample Capacity Amid Elevated Catastrophes And Adverse Casualty Trends
Jan 29, 2025 -… Significant adverse reserve developments have been reported by major reinsurance players including Swiss Reinsurance Co. Ltd., SCOR SE, and Everest Group Ltd.. We believe unfavorable developments in casualty loss reserves remain a key risk to the reinsurance sector. …
EMEA Insurers Ratings List: Financial Strength Ratings And Scores
Jan 20, 2025 -… Strong Strong M. low Neutral a- Neutral Adequate 0 a- 0 A- Stable SCOR SE V. strong V. strong Low Strong V. strong M. high Neutral a+ Neutral Adequate 0 a+ 0 A+ Stable Seib Insurance and Reinsurance Co. …
Corporate, Financial Institution, And Government Ratings That Exceed The Sovereign Rating
Nov 22, 2024 -… AA/Stable/- Brazil BB+ BB/Stable/B BB/Stable/B SCOR Brasil Resseguros SA A+/Stable/- China A+ A+/Stable/A-1 A+/Stable/A-1 Chubb Insurance Co. ...BB/Stable/- Santam Ltd. BB/Stable/- SCOR Africa Ltd. A+/Stable/- Swiss Re Africa Ltd. …
Insurance Industry And Country Risk Assessment: Global Property/Casualty Reinsurance
Nov 15, 2024 -… Chart 1 Chart 2 Table 1 Reinsurers' strong and improving operating performance (%) 2021 2022 2023 2024f 2025f 2026f Net combined ratio 96.6 96.2 91.5 92-96 92-96 92-96 (Favorable)/unfavorable reserve developments (2.8) (1.7) (2.0) (1)-(2) (1)-(2) (1)-(2) Net natural catastrophe losses' impact on the combined ratio 9.5 9.2 4.4 8-10 8-10 8-10 Accident-year combined ratio, excluding natural catastrophe losses, reserve developments, and pandemic losses 90.0 88.7 89.1 86-87 86-87 86-87 Return on equity 9.3 2.5 21.4 Low to mid teens Low to mid teens Low to mid teens Net investment yield 2.3 1.9 3.4 3.5-4.0 3.5-4.0 3.5-4.0 The top 19 global reinsurers are Arch, Ascot, Aspen, AXIS, China Re, Convex, Everest, Fairfax, Fidelis, Hannover Re, Hiscox, Lancashire, Lloyd's, Markel, Munich Re, RenaissanceRe, SCOR, Sirius, and Swiss Re. Return on equity in 2024f, 2025f, and 2026f will depend on investment performance. 2021-2022 data is based on generally accepted accounting principles and International Financial Reporting Standard (IFRS) 4. …
EMEA Insurers Ratings List: Financial Strength Ratings And Scores
Oct 16, 2024 -… V. strong V. strong M. low Neutral a Neutral Excep. 0 a 0 A Stable SCOR SE V. strong V. strong Low Strong V. strong M. high Neutral a+ Neutral Adequate 0 a+ 0 A+ Stable Seib Insurance and Reinsurance Co. …
Hurricane Milton: The Implications For Rated U.S. Insurers And Global Reinsurers
Oct 9, 2024 -… Zone 3: Florida, Georgia, North Carolina, South Carolina; top 19 global reinsurers are: Arch, Ascot, Aspen, AXIS, China Re, Convex, Everest, Fairfax, Fidelis, Hannover Re, Hiscox, Lancashire, Lloyd's, Markel, Munich Re, RenaissanceRe, SCOR, Sirius, and Swiss Re. We think reinsurers are approaching their annual natural catastrophe budgets. ...Table 3 Reinsurers' base case earnings assumptions remain unchanged (%) 2018 2019 2020 2021 2022 2023 2024f 2025f Net combined ratio 100.6 100.6 104.7 96.6 96.2 91.5 92-96 92-96 (Favorable)/unfavorable reserve developments -4.8 -1.3 -2.1 -2.8 -1.7 -2 (1)-(2) (1)-(2) Net natural catastrophe losses' impact on the combined ratio 9.7 7.4 6.1 9.5 9.2 4.4 8-10 8-10 Accident-year combined ratio, excluding natural catastrophe losses, reserve developments, and pandemic losses 95.7 94.5 91.9 90 88.7 89.1 86-87 86-87 Return on equity 3.1 9.4 2 9.3 2.5 21.4 Low to mid teens Low to mid teens Net investment yield 2.6 3 2.4 2.3 1.9 3.4 3.5-4.0 3.5-4.0 The top 19 global reinsurers are Arch, Ascot, Aspen, AXIS, China Re, Convex, Everest, Fairfax, Fidelis, Hannover Re, Hiscox, Lancashire, Lloyd's, Markel, Munich Re, RenaissanceRe, SCOR, Sirius, and Swiss Re. The 2020 combined ratio included 8.8 percentage points related to COVID-19 losses. …
Global Reinsurers Must Maintain Discipline To Cement Strong Performance Amid Casualty Risks
Sep 3, 2024 -… Table 1 Reinsurers' strong and improving operating performance (%) 2018 2019 2020 2021 2022 2023 2024f 2025f Net combined ratio 100.6 100.6 104.7 96.6 96.2 91.5 92-96 92-96 (Favorable)/unfavorable reserve developments (4.8) (1.3) (2.1) (2.8) (1.7) (2.0) (1)-(2) (1)-(2) Net natural catastrophe losses' impact on the combined ratio 9.7 7.4 6.1 9.5 9.2 4.4 8-10 8-10 Accident-year combined ratio, excluding natural catastrophe losses, reserve developments, and pandemic losses 95.7 94.5 91.9 90.0 88.7 89.1 86-87 86-87 Return on equity 3.1 9.4 2.0 9.3 2.5 21.4 Low to mid teens Low to mid teens Net investment yield 2.6 3.0 2.4 2.3 1.9 3.4 3.5-4.0 3.5-4.0 The top 19 global reinsurers are Arch, Ascot, Aspen, AXIS, China Re, Convex, Everest, Fairfax, Fidelis, Hannover Re, Hiscox, Lancashire, Lloyd's, Markel, Munich Re, RenaissanceRe, SCOR, Sirius, and Swiss Re. The 2020 combined ratio included 8.8 percentage points related to COVID-19 losses. ...In 2023, several reinsurers, including Swiss Re, SCOR, Everest, AXIS Capital, and Markel, strengthened their loss reserves, primarily in certain casualty lines for accident years 2014-2019--a period characterized by soft pricing conditions. …
S&P Global Ratings' Top 40 Global Reinsurers In 2024 And Reinsurers By Country
Sep 2, 2024 -… N.A. 797.6 921.2 -13.4 N.A. 8.1 SCOR Global Life Australia Pty Ltd. 4 -1.7 88.9 -101.9 -6.9 15.0 N.A. ...N.A. 103.7 84.4 22.9 5.9 26.2 SCOR Security Indemnity Co. of Arizona N.A. N.A. ...N.A. 59.1 54.2 9.2 151.6 -46.9 SCOR Security National Insurance Co. N.A. 0.6 N.A. 8.5 40.8 N.A. …
Credit FAQ: How We Use IFRS 17 Accounting Metrics In Our Analysis Of Insurers And Re-Insurers
Mar 18, 2025 -… For example, Hannover Re and SCOR use the net-net approach in calculating their combined ratio under IFRS 17. …
Balancing Act: Hybrid Capital Usage Among European Insurers
Mar 4, 2025 -… RT1 issuances from La Mondiale, AXA S.A., ASR Nederland N.V., NN Group N.V., Gjensidige, and SCOR SE in 2024 and Achmea B.V. and Storebrand ASA in early 2025 underline the trend of refinancing grandfathered debt with RT1s or refinancing RT1s on a like-for-like basis. …
Reinsurance Renewals For January 2025 Show Ample Capacity Amid Elevated Catastrophes And Adverse Casualty Trends
Jan 29, 2025 -… Significant adverse reserve developments have been reported by major reinsurance players including Swiss Reinsurance Co. Ltd., SCOR SE, and Everest Group Ltd.. We believe unfavorable developments in casualty loss reserves remain a key risk to the reinsurance sector. …
EMEA Insurers Ratings List: Financial Strength Ratings And Scores
Jan 20, 2025 -… Strong Strong M. low Neutral a- Neutral Adequate 0 a- 0 A- Stable SCOR SE V. strong V. strong Low Strong V. strong M. high Neutral a+ Neutral Adequate 0 a+ 0 A+ Stable Seib Insurance and Reinsurance Co. …
Corporate, Financial Institution, And Government Ratings That Exceed The Sovereign Rating
Nov 22, 2024 -… AA/Stable/- Brazil BB+ BB/Stable/B BB/Stable/B SCOR Brasil Resseguros SA A+/Stable/- China A+ A+/Stable/A-1 A+/Stable/A-1 Chubb Insurance Co. ...BB/Stable/- Santam Ltd. BB/Stable/- SCOR Africa Ltd. A+/Stable/- Swiss Re Africa Ltd. …
Insurance Industry And Country Risk Assessment: Global Property/Casualty Reinsurance
Nov 15, 2024 -… Chart 1 Chart 2 Table 1 Reinsurers' strong and improving operating performance (%) 2021 2022 2023 2024f 2025f 2026f Net combined ratio 96.6 96.2 91.5 92-96 92-96 92-96 (Favorable)/unfavorable reserve developments (2.8) (1.7) (2.0) (1)-(2) (1)-(2) (1)-(2) Net natural catastrophe losses' impact on the combined ratio 9.5 9.2 4.4 8-10 8-10 8-10 Accident-year combined ratio, excluding natural catastrophe losses, reserve developments, and pandemic losses 90.0 88.7 89.1 86-87 86-87 86-87 Return on equity 9.3 2.5 21.4 Low to mid teens Low to mid teens Low to mid teens Net investment yield 2.3 1.9 3.4 3.5-4.0 3.5-4.0 3.5-4.0 The top 19 global reinsurers are Arch, Ascot, Aspen, AXIS, China Re, Convex, Everest, Fairfax, Fidelis, Hannover Re, Hiscox, Lancashire, Lloyd's, Markel, Munich Re, RenaissanceRe, SCOR, Sirius, and Swiss Re. Return on equity in 2024f, 2025f, and 2026f will depend on investment performance. 2021-2022 data is based on generally accepted accounting principles and International Financial Reporting Standard (IFRS) 4. …
EMEA Insurers Ratings List: Financial Strength Ratings And Scores
Oct 16, 2024 -… V. strong V. strong M. low Neutral a Neutral Excep. 0 a 0 A Stable SCOR SE V. strong V. strong Low Strong V. strong M. high Neutral a+ Neutral Adequate 0 a+ 0 A+ Stable Seib Insurance and Reinsurance Co. …
Hurricane Milton: The Implications For Rated U.S. Insurers And Global Reinsurers
Oct 9, 2024 -… Zone 3: Florida, Georgia, North Carolina, South Carolina; top 19 global reinsurers are: Arch, Ascot, Aspen, AXIS, China Re, Convex, Everest, Fairfax, Fidelis, Hannover Re, Hiscox, Lancashire, Lloyd's, Markel, Munich Re, RenaissanceRe, SCOR, Sirius, and Swiss Re. We think reinsurers are approaching their annual natural catastrophe budgets. ...Table 3 Reinsurers' base case earnings assumptions remain unchanged (%) 2018 2019 2020 2021 2022 2023 2024f 2025f Net combined ratio 100.6 100.6 104.7 96.6 96.2 91.5 92-96 92-96 (Favorable)/unfavorable reserve developments -4.8 -1.3 -2.1 -2.8 -1.7 -2 (1)-(2) (1)-(2) Net natural catastrophe losses' impact on the combined ratio 9.7 7.4 6.1 9.5 9.2 4.4 8-10 8-10 Accident-year combined ratio, excluding natural catastrophe losses, reserve developments, and pandemic losses 95.7 94.5 91.9 90 88.7 89.1 86-87 86-87 Return on equity 3.1 9.4 2 9.3 2.5 21.4 Low to mid teens Low to mid teens Net investment yield 2.6 3 2.4 2.3 1.9 3.4 3.5-4.0 3.5-4.0 The top 19 global reinsurers are Arch, Ascot, Aspen, AXIS, China Re, Convex, Everest, Fairfax, Fidelis, Hannover Re, Hiscox, Lancashire, Lloyd's, Markel, Munich Re, RenaissanceRe, SCOR, Sirius, and Swiss Re. The 2020 combined ratio included 8.8 percentage points related to COVID-19 losses. …
Global Reinsurers Must Maintain Discipline To Cement Strong Performance Amid Casualty Risks
Sep 3, 2024 -… Table 1 Reinsurers' strong and improving operating performance (%) 2018 2019 2020 2021 2022 2023 2024f 2025f Net combined ratio 100.6 100.6 104.7 96.6 96.2 91.5 92-96 92-96 (Favorable)/unfavorable reserve developments (4.8) (1.3) (2.1) (2.8) (1.7) (2.0) (1)-(2) (1)-(2) Net natural catastrophe losses' impact on the combined ratio 9.7 7.4 6.1 9.5 9.2 4.4 8-10 8-10 Accident-year combined ratio, excluding natural catastrophe losses, reserve developments, and pandemic losses 95.7 94.5 91.9 90.0 88.7 89.1 86-87 86-87 Return on equity 3.1 9.4 2.0 9.3 2.5 21.4 Low to mid teens Low to mid teens Net investment yield 2.6 3.0 2.4 2.3 1.9 3.4 3.5-4.0 3.5-4.0 The top 19 global reinsurers are Arch, Ascot, Aspen, AXIS, China Re, Convex, Everest, Fairfax, Fidelis, Hannover Re, Hiscox, Lancashire, Lloyd's, Markel, Munich Re, RenaissanceRe, SCOR, Sirius, and Swiss Re. The 2020 combined ratio included 8.8 percentage points related to COVID-19 losses. ...In 2023, several reinsurers, including Swiss Re, SCOR, Everest, AXIS Capital, and Markel, strengthened their loss reserves, primarily in certain casualty lines for accident years 2014-2019--a period characterized by soft pricing conditions. …
S&P Global Ratings' Top 40 Global Reinsurers In 2024 And Reinsurers By Country
Sep 2, 2024 -… N.A. 797.6 921.2 -13.4 N.A. 8.1 SCOR Global Life Australia Pty Ltd. 4 -1.7 88.9 -101.9 -6.9 15.0 N.A. ...N.A. 103.7 84.4 22.9 5.9 26.2 SCOR Security Indemnity Co. of Arizona N.A. N.A. ...N.A. 59.1 54.2 9.2 151.6 -46.9 SCOR Security National Insurance Co. N.A. 0.6 N.A. 8.5 40.8 N.A. …