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

NEW YORK--()--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.

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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.

Contacts

Analytical Contacts

Donna Halverstadt, Managing Director
+1 (646) 731-3352
dhalverstadt@kbra.com

Andrew Edelsberg, Managing Director
+1 (646) 731-2371
aedelsberg@kbra.com

Fred DeLeon, Senior Director
+1 (646) 731-2352
fdeleon@kbra.com

Carol Pierce, Senior Director
+1 (646) 731-3307
cpierce@kbra.com

Peter Giacone, Managing Director
+1 (646) 731-2407
pgiacone@kbra.com

Business Development Contact

Tina Bukow, Managing Director
+1 (646) 731-2368
tbukow@kbra.com

Contacts

Analytical Contacts

Donna Halverstadt, Managing Director
+1 (646) 731-3352
dhalverstadt@kbra.com

Andrew Edelsberg, Managing Director
+1 (646) 731-2371
aedelsberg@kbra.com

Fred DeLeon, Senior Director
+1 (646) 731-2352
fdeleon@kbra.com

Carol Pierce, Senior Director
+1 (646) 731-3307
cpierce@kbra.com

Peter Giacone, Managing Director
+1 (646) 731-2407
pgiacone@kbra.com

Business Development Contact

Tina Bukow, Managing Director
+1 (646) 731-2368
tbukow@kbra.com