Fitch Ratings
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.
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.
Fitch places Sterling on a positive rating watch
Agency expects the insurer to benefit from Covéa takeover.
Fitch warns of uncertainty at Towergate after Hodges’ departure
Ratings specialists flag that time to taken to appoint new CEO could impact strategy.
Fitch keeps RSA on negative watch
Rating agency warns that a failure to achieve a 97% COR and a suitable return on equity could lead to a downgrade.
Fitch welcomes findings of RSA review
Ratings agency positive around issues in Ireland but ratings watch remains negative.