S&P Global Ratings
S&P Global Ratings is an American credit rating agency. It is considered the largest of the Big Three credit-rating agencies, which also include Moody's Investors Service and Fitch Ratings. It publishes financial research and analysis on stocks, bonds, and commodities.
Global reinsurers increase natural catastrophe exposure by 14%
Global reinsurers increase natural catastrophe exposure by 14%
In 2023, global insured losses from natural catastrophes reached $108b.
China Pacific Insurance poised for stable outlook in the next two years
CPPIC is expected to remain a core subsidiary of CPIC Group.
Hollard Australia’s capital remains solid until 2026
It will also benefit from its acquisition of Commonwealth Insurance.
Top APAC insurers see market cap growth of Q2 2024
China Life Insurance led with a 9% growth during the period.
Chubb Australia to recover gradually after 2022 investment losses
Its reputation is expected to remain strong, S&P Global Ratings said.
Chubb New Zealand to adjust capital strategy within 24 months
It is also expected to receive substantial support from its parent.
China Re to expand role in agri and catastrophe coverage
The group is also likely to continue its international expansion.
MSI China’s capital buffers stay healthy in 2024
The insurer's Japanese-related business will continue to drive its underwriting profit.
Sompo China secures strong solvency amid dividends
In 2024, it paid $8.6m in dividends, representing 80% of its 2023 earnings.
ZAIL's outlook stable, reflects parent Zurich Insurance's status
ZAIL’s capital adequacy remains strong at the 99.99% stress level.
Income Insurance under credit watch after Allianz announcement
S&P Global said it could downgrade the Singaporean insurer.
HK insurers may need capital boosts due to new rules
The new regime could be costly for insurers.
Chubb Life to focus on steady profit in Asia
This is supported by stable business growth and risk control in Hong Kong market.
nib NZ maintains solid underwriting earnings
Its capital adequacy remains sturdy.
Prudential’s share buyback programme could narrow capital buffer
The buyback accounts for 11.2% of Prudential's 2023 reported shareholders' equity,
Income Insurance faces CreditWatch by S&P Global
S&P Global aims to resolve the CreditWatch status within the next 90 days.
Australian insurance sector combats inflation with premium hikes
Its life insurance premiums are seen to grow ~3% in 2024 and 2025 modestly.