Decline in ILS ratings shows the asset class isn’t so alternative: KBRA

A decline in the volume of rated catastrophe bond and insurance-linked securities (ILS) transactions is a key indicator that ILS has become a more permanent source of risk capital and gained heightened acceptance by capital markets investors, according to Kroll Bond Rating Agency (KBRA). According to KBRA, 2013 was an inflection read the full article →

Global reinsurers ratings increasingly at risk due to soft pricing: S&P

Ratings agency Standard & Poor's said today that the global reinsurance sector is facing heightened risks with the threat of negative rating actions continuing as soft reinsurance market conditions look set to extend beyond the mid-year renewals. S&P's report discusses various downside risks for the insurance and reinsurance industry, most of read the full article →

Fitch remains negative on reinsurance sector, despite solid profits

Fitch Ratings said that its outlook remains negative for the reinsurance sector in a report published yesterday, saying that the reinsurance market fundamentals continue to be pressured by pricing declines and weakening of terms and conditions. This despite reinsurers posting impressive results for 2013 and solid profits, said Fitch. The group read the full article →

Third-party capital adds fuel to fire for Bermuda reinsurers: S&P

Rating agency Standard & Poor's said that reinsurance companies in Bermuda would be experiencing fierce competition even without the influx of third-party capital, but the addition of a growing pool of capital markets money is adding fuel to the fire. The comments come in S&P's latest report on the Bermuda reinsurance read the full article →

Fitch reiterates negative outlook for global reinsurance sector

Fitch Ratings has reiterated its negative outlook for the reinsurance sector in a report today, citing developing market trends which have caused a deterioration of the reinsurance markets core fundamentals. Standard & Poor's was the first of the rating agencies to place a negative outlook on the reinsurance sector, saying that read the full article →

Capital market threat could be reinsurance game-changer: A.M. Best

The latest report on the global reinsurance sector from rating agency A.M. Best suggests that the market may be at an apex point, with the only way being down as the impact of recent trends including the capital markets threatens to be game-changing. A.M. Best gives the reinsurance sector a stable read the full article →

S&P provides ratings on $5.16 billion catastrophe bonds in 2013

Standard & Poor's Ratings Services provided the ratings on $5.16 billion of catastrophe bond issuance in 2013, including medical benefit payments linked and mortality bond transactions, up on the $4.8 billion rated in 2012. The $5.16 billion of cat bonds rated in 2013 was approximately 68% of total cat bond market read the full article →

Competition, soft pricing in reinsurance to pressure ratings: S&P

Rating agency Standard & Poor's has come out with its strongest worded statement  to date on the rating outlook for the global reinsurance market, saying that increased competition and soft reinsurance pricing could lead to rating pressure for reinsurers. After eight consecutive years where Standard & Poor's (S&P) has forecast a read the full article →

S&P updates its catastrophe bonds rating criteria

Ratings agency Standard & Poor’s has published an update to one of its rating criteria articles related to natural peril catastrophe bonds and insurance-linked securities (ILS). The updated rating criteria 'Rating Natural Peril Catastrophe Bonds: Methodology And Assumptions' is the result of S&P refining and adapting its methodology and assumptions for read the full article →

S&P affirms ratings on 29 catastrophe bond tranches after annual resets

Rating agency Standard & Poor's (S&P) said on Friday that it had affirmed its ratings for 29 natural peril catastrophe bond tranches, issued by 13 different special purpose vehicle issuers, after the cat bonds had their annual resets of probability of attachment. In each catastrophe bonds case, S&P said that the read the full article →