Ratings actions

The ratings agency expects around 10% of ratings could change with more upgrades than downgrades.

The revised status follows the recent announcement that R&Q Insurance Holdings has agreed a sale of its Accredited program.

The ratings agency said the rating reflected the firm's consolidated balance-sheet strength.

The ratings agency said the rating reflected the “strategic importance” of the subsidiary to the group.

Fitch has also upgraded Generali's Long-Term Issuer Default Rating to A from A-.

The ratings agency said the improvement was a result of “high pricing discipline driving a hard market, rising investment yields and a strong demand for reinsurance protection”.

In May, S&P Global Ratings estimated that its proposed new criteria for its insurer ratings methodology will lead to rating actions on up to 10% of rated carriers, but Litmus Analysis has stated that it expects that this estimate is not intended to represent the upper limit of possible rating changes.

The ratings agency believes Munich Re will defend its “excellent” competitive position and conservative capital management over the next two years

The agency said the ratings reflect the firm's “very strong” consolidated balance sheet, as well as its adequate operating performance.

The ratings agency recognised the Corporation’s efforts to improve the resilience of its balance sheet.

The ratings agency is currently in discussions with Clear Blue’s management regarding the company’s ability to replace certain programs or letters of credit.

London D&F underwriters are seeing rate rises of 15% on average on clean business, while loss-affected accounts are seeing their rates double.