Consecutive price reductions at renewals to feed through to big four's earnings: Fitch
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Consecutive price reductions at renewals to feed through to big four's earnings: Fitch
According to Fitch Ratings, the four largest European reinsurers, Munich Re, Swiss Re, Hannover Re, and SCOR, reported a stable, record average return on equity of 21.5% in H1 2026, supported by strong underwriting and investment results. However, the rating agency expects the adverse effects of several consecutive rounds of renewal price reductions to weigh on earnings in the coming quarters. As in 2025, Fitch explained that sustained underwrit…
Fitch: Large European Reinsurers Sustain Profitability Despite Lower Revenue
The four largest European reinsurers – Munich Reinsurance Company, Swiss Reinsurance Company Ltd, Hannover Rueck SE and SCOR SE – reported a stable, record average return on equity of 21.5% in 1H26, driven by sustained underwriting and investment results, Fitch Ratings says in a new report.
After the four major reinsurance players Munich Re, Swiss Re, Hannover Rück and Scor have presented their half-year figures, the rating agency Fitch also draws balance sheet: few major losses and strong investments bring record returns to the Group. However, in the damage and accident area, noticeable declines in sales – and successive price reductions in the renewals are expected to burden the results of the coming quarters. Fitch's contributio…
The four largest European reinsurers, Munich Re, Swiss Re, Hannover Rück and Scor, suffered noticeable declines in sales in the first half of the year. However, the return on equity remains at a record level, while damage and cost ratios have also improved, a Fitch analysis shows. Fitch has reviewed the four largest European reinsurers© Insurance Monitor The four largest European reinsurers, Munich [...]
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