Fitch Ratings
UK home insurers to fall back into the red in 2026 – EY
The UK home insurance market is expected to swing back to loss-making territory in 2026 with a net combined ratio of 103%, according to EY.
Fitch: Improving outlook for insurers but no room for complacency
The effect of “baked in” pricing improvements and easing economic headwinds gives an improving outlook for insurers this year, but will only make it less bad than 2023, according to Fitch.
Insurers face £219m bill as heatwave drives surge in subsidence claims
The record-breaking heatwave in summer 2022 has led to an increase in subsidence claim payouts, according to figures from the Association of British Insurers.
News analysis: The 1/1 reinsurance renewals – What will 2023’s ‘challenging’ reinsurance market mean for UK brokers?
The annual 1/1 reinsurance renewal season might not have been on the list of major concerns of the average UK broker at the start of 2023. But as Rachel Gordon reports it could have a sting in the tail this year when it comes to capacity shrinkage and…
EY predicts slowdown in premium growth as cost of living pressures bite
UK insurers face slowing premium income growth this year, as high inflation, cost of living pressures and a rise in borrowing costs continue to hit product demand, according to EY.
Fitch warns of ‘dire’ profitability for insurers in ‘bleak’ picture
The outlook for UK home and motor insurers’ profitability “remains pretty dire for 2023”, according to Federico Faccio, senior director of EMEA insurance at Fitch Ratings.
Fitch warns of deteriorating outlook for UK insurers
Fitch Ratings has delivered a split forecast for 2023 with the outlook for company market insurers deteriorating while London Market players have a ‘neutral’ ranking.
Industry braces for "very active few weeks" following Axa vs Wolseley BI ruling
Market experts think the Axa and Corbin & King verdict could spark a chain reaction in the insurance industry, leading to a reopening of claims and renegotiated settlements.
Analysis: Is the Intact takeover of RSA UK good or bad news for brokers?
Mark Richardson examines Intact's track record when it comes to integrating acquisitions and its approach to working with brokers.
Fitch Ratings predicts fall in insurer profitability in 2020
Fitch warns that the FCA's potential ban on dual pricing can lead to "significant strain" as it declares a negative outlook for UK home and motor insurers.
Quizzical questions: 28 June 2019
Test your knowledge of the week's news with our topical quiz.
Dual pricing: Capping prices risks industry profits, warns Fitch
The CMA had recommended price caps, as regulators propose solutions to the 'loyalty penalty', but the ratings agency suggests it could destabilise the market.
Broking Break: Your top five of the week
Aviva putting 120 people at risk of redundancy was the top clicked on story of the week along with Rural Insurance MD Ian Barclay resigning. Brokers also read about data breaches and Elite being put on negative rating watch.
Fitch turns negative on Lloyd’s outlook
Rating remains the same at AA-.
Elite Insurance gets first rating
Company assigned BBB- status from Fitch.
Fitch downgrades Towergate bond
The ratings agency notes “slow” progress on transformation plan and maintains negative outlook.
Flooding costs could push industry COR above 100%, says Fitch
Specialists say impact is unlikely to affect the ratings of insurers.
Fitch revises Towergate outlook to negative from stable
Ratings agency cites Towergate's underperformance against a number of metrics.
Fitch: Towergate faces limited growth in challenging market
Ratings agency says consolidator also faces execution risk in completing transformation plan.
Fitch gives Ageas A+ rating with stable outlook
Agency says Ageas Insurance is core to the group.
Fitch revises 2015 outlook for insurance market to stable from negative
While the outlook for the company market improves, the London market moves from stable to negative.