Fitch Withdraws 3 Belarusian Insurers’ Ratings

Fitch Ratings – London – 13 Jul 2022: Fitch Ratings has withdrawn three Belarusian insurers’ Insurer Financial Strength (IFS) Ratings. A full list of rating actions is below. Fitch is withdrawing the IFS Ratings, as the agency no longer has access to sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide ratings […]

Disaster Risk Financing could help to mitigate climate risk in Africa

Only three percent of losses caused by drought, floods and tropical cyclones have been insured on the African continent. This emerged at a recent DZ BANK Capital Markets Conference held in Berlin.  Insured losses on the African continent are close to 97 percent, which means, at best, only three percent of losses caused by drought, floods […]

As reinsurance demand rises $5bn+, alternative capacity fills renewal gaps

The alternative capital markets, so insurance-linked securities (ILS) funds, ILS investors and other third-party capital sources, have played an important role at a mid-year reinsurance renewal that saw demand increase in a capacity constrained marketplace. Aon’s Reinsurance Solutions team explained that demand for reinsurance increased at the June and July renewal season. The broker estimates […]