Global reinsurers well placed to maintain strong performance
Solvency coverage of large global reinsurers improved on the back of strong earnings generation and positive rates environment in 2023 and the third quarter of this year, Fitch Ratings said.
The agency’s Large Global Reinsurers — Peer Review November 2024 report also said that reinsurers generally reported very strong earnings in the third quarter of this year and 2023, on the back of favourable rates environment.
Included in the peer group was Hannover Re, Lloyd’s of London, Munich Re, Partner Re, Scor Re and Swiss Re.
“The peer group is well placed to maintain strong performance in the next 12 to 24 months, in potentially less supportive market conditions,” said the review.
It added: “Fitch considers all peers but PartnerRe to be in the top tier of global reinsurers by company profile and among the largest by premium volumes.
“A high degree of diversification underpins our assessment of their very strong company profiles.
“PartnerRe’s strong company profile is driven by a moderate operating scale and business risk profile.”
• For the full report, see Related Media
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