KBRA Releases Research – Quarterly (Re)Insurance Insights: COVID-19 Challenges and Rating Implications

NEW YORK--(BUSINESS WIRE)-- Kroll Bond Rating Agency (KBRA) publishes the second edition of its Quarterly (Re)Insurance Insights report, a series of publications in which we provide our views on key insurance and reinsurance industry trends in the U.S. life, U.S. property/casualty, and global reinsurance subsectors. In this issue, we focus on challenges and rating implications related to the ongoing coronavirus (COVID-19) pandemic. KBRA notes that we have not taken any rating actions in our (re)insurers portfolio as a result of COVID-19.

Key themes discussed for the life insurance subsector include the interest rate environment; the economy and related implications for ratings migration and increased defaults; the equity markets; capital and liquidity; new business growth; M&A; and mortality.

The property/casualty section focuses on the financial markets and invested assets; premium and rate trends; underwriting exposures; reserves; interest rates; and M&A. This quarter we include comments on the title insurance industry, which also faces headwinds related to COVID-19. The Global Non-Life Reinsurance section discusses capitalization, April 1 renewals, insurance-linked securities, and the 2020 Atlantic hurricane season.

KBRA’s outstanding published ratings count currently stands at 67 insurance financial strength ratings (IFSRs), 15 issuer ratings, 10 bond ratings, and one preferred stock rating.

Click here to view the report.

Related Publications

• Coronavirus (COVID-19): Headwinds for U.S. Title Insurers
• Coronavirus (COVID-19): Global Insurance Update
• Coronavirus (COVID-19) and P&C: Not a Straightforward Development
• Coronavirus (COVID-19): Implications Spread to Life Insurers

About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe Limited is located at 6-8 College Green, Dublin 2, Ireland.

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Analytical Contacts

Donna Halverstadt, Managing Director

+1 (646) 731-3352

[email protected]

Andrew Edelsberg, Managing Director

+1 (646) 731-2371

[email protected]

Fred DeLeon, Senior Director

+1 (646) 731-2352

[email protected]

Carol Pierce, Senior Director

+1 (646) 731-3307

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Peter Giacone, Managing Director

+1 (646) 731-2407

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Business Development Contact

Tina Bukow, Managing Director

+1 (646) 731-2368

[email protected]

Source: Kroll Bond Rating Agency (KBRA)