{"id":419,"date":"2025-08-26T11:00:06","date_gmt":"2025-08-26T11:00:06","guid":{"rendered":"http:\/\/www.ateliersfurrer.com\/?p=419"},"modified":"2025-08-26T15:08:06","modified_gmt":"2025-08-26T15:08:06","slug":"bermuda-re-insurers-maintain-favourable-results-amid-modest-softening-fitch","status":"publish","type":"post","link":"http:\/\/www.ateliersfurrer.com\/index.php\/2025\/08\/26\/bermuda-re-insurers-maintain-favourable-results-amid-modest-softening-fitch\/","title":{"rendered":"Bermuda re\/insurers maintain favourable results amid modest softening: Fitch"},"content":{"rendered":"

Fitch Ratings has reported that the eight Bermuda re\/insurers it rates experienced declines in underwriting profitability and net earnings in H1 2025, though results remained strong overall, as premium growth slowed in a softening market environment.<\/p>\n

\"fitch-ratings-logo\"Fitch\u2019s group of eight Bermuda re\/insurers, which includes Arch, AXIS, Aspen, SiriusPoint, Everest, Hamilton, RenRe, and Partner Re, posted a 95% combined ratio in H1 2025, including 11.3 percentage points of catastrophe losses, with about 10 percentage points resulting from the January California wildfires.<\/p>\n

This result is up from 90.4% in 2024, when catastrophe losses were lower at 6.3 percentage points, mainly due to Hurricanes Milton and Helene.<\/p>\n

\u201cUnderlying results weakened, with an accident-year combined ratio, excluding catastrophes, of 85.6% in H1 2025, up from 84.1% in 2024. Net income return on equity was a strong 14.9% in H1 2025, although reduced from 17.7% in 2024,\u201d Fitch added.<\/p>\n

At the same time, the rating agency has revealed that reserve releases benefited the Bermuda re\/insurers\u2019 combined ratio by 2 percentage points in H1 2025, compared to flat development in 2024.<\/p>\n

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Fitch said that six of the eight Bermuda re\/insurers reported overall favourable development in H1 2025, driven by property and specialty lines.<\/p>\n

Development is expected to remain favourable in 2025\/2026, although there are some areas of concern, mainly in the U.S. commercial casualty.<\/p>\n

Meanwhile, net premiums written (NPW) for the group rose by only 4% in H1 2025, with three companies reporting declines as market competition persists.<\/p>\n

\u201cNPW growth for the group will continue to be constrained by competition, although the market is expected to maintain underwriting discipline,\u201d Fitch concluded.<\/p>\n

The post Bermuda re\/insurers maintain favourable results amid modest softening: Fitch<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fitch Ratings has reported that the eight Bermuda re\/insurers it rates experienced declines in underwriting profitability and net earnings in H1 2025, though results remained strong overall, as premium growth slowed in a softening market environment. Fitch\u2019s group of eight…<\/p>\n","protected":false},"author":1,"featured_media":421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/419"}],"collection":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/comments?post=419"}],"version-history":[{"count":3,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/419\/revisions"}],"predecessor-version":[{"id":423,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/419\/revisions\/423"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/media\/421"}],"wp:attachment":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/media?parent=419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/categories?post=419"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/tags?post=419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}