IFAwebnews » Fitch Ratings

Fitch, Jones fault U.S. for MetLife’s failing of financial stress test

Bob Graham — Tue, 20 Mar 2012 12:23:48 +0000

MetLife, because of its ownership of MetLife Bank, an online retail unit, was forced to submit to the Federal Reserve's stress testing and failed, possibly because it was “unfairly penalized” by regulators.

Fitch, Jones fault U.S. for MetLife’s failing of financial stress test via IFAwebnews.

Fitch: P-C insurers’ numbers should be ‘improve’ this year

Bob Graham — Mon, 19 Mar 2012 13:03:50 +0000

Property-casualty insurers should report “improved” operating results this year, after being hurt by heavy catastrophe-related losses and weak earnings in 2011, according to Fitch Ratings.

Fitch: P-C insurers’ numbers should be ‘improve’ this year via IFAwebnews.

P-C sector remains ‘stable,’ although future borders on ‘negative’

Jaime L. Brockway — Thu, 22 Dec 2011 14:11:40 +0000

A global ratings agency predicts a stable outlook for the U.S. property-casualty insurance sector in 2012 after this year's weak profitability.

P-C sector remains ‘stable,’ although future borders on ‘negative’ via IFAwebnews.

Property-casualty sector’s reserve adequacy cushion showing wear

Bob Graham — Thu, 16 Sep 2010 11:00:35 +0000

The property-casualty industry’s reserve adequacy cushion isn’t as fluffy as it used to be, according to a new Fitch report.

Property-casualty sector’s reserve adequacy cushion showing wear via IFAwebnews.

Fitch: Property-casualty insurers safe with public-entity assets

Bob Graham — Mon, 02 Aug 2010 14:27:13 +0000

Concern that property-casualty insurers’ investments in public-entity securities could be threatened if deterioration in credit for this asset class grows is overrated, a ratings service said.

Fitch: Property-casualty insurers safe with public-entity assets via IFAwebnews.

Insurers raised $38.6 billion, led by life insurance companies

IFAwebnews Staff — Mon, 17 May 2010 12:08:33 +0000

The U.S. insurance industry raised $38.6 billion in capital from the first quarter of last year through the first quarter of this year, with most of the capital raised in the second quarter of 2009, according to Fitch Ratings’ Insurance group.

Insurers raised $38.6 billion, led by life insurance companies via IFAwebnews.

Report: Insurance will stem financial impact of oil spill for BP

IFAwebnews Staff — Mon, 03 May 2010 12:40:11 +0000

With the cost of containment and cleanup of a massive oil spill in the Gulf of Mexico rising into the billions of dollars every day, the financial impact for oil company BP will be limited because of its insurance coverage.

Report: Insurance will stem financial impact of oil spill for BP via IFAwebnews.

Ratings agencies put GEICO, Gen Re under watch over railroad deal

IFAwebnews Staff — Tue, 10 Nov 2009 13:30:45 +0000

A pair of rating agencies is keeping its eyes on three Berkshire Hathaway subsidiaries as the company looks to acquire a majority share in the Burlington Northern Santa Fe railroad.

Ratings agencies put GEICO, Gen Re under watch over railroad deal via IFAwebnews.

More competition, lower pricing hurts auto insurers

IFAwebnews Staff — Tue, 20 Oct 2009 10:40:57 +0000

Heightened market competition is hurting auto insurance companies in the United States, according to a new report.

More competition, lower pricing hurts auto insurers via IFAwebnews.

Moody’s reverses course on testifying at NAIC ratings review

Keith L. Martin — Tue, 22 Sep 2009 10:42:40 +0000

A day after sharp criticism from a New York regulator on their decision not to participate in a hearing on ratings services and their impact on the insurance industry, Moody’s Investors Services has said it will attend the gathering.

Moody’s reverses course on testifying at NAIC ratings review via IFAwebnews.