Fitch Ratings has published the 11th edition of its Global Reinsurance Guide. This document provides reinsurance brokers, security committees and reinsurance investors with Fitch’s latest research and views on the global reinsurance sector. The Fitch Ratings 2021 Outlook: Global Reinsurance report discusses the key drivers behind the negative sector outlook. The report highlights the issues that Fitch expects to affect reinsurers during 2021. These issues include: • Ultimate losses for the coronavirus pandemic • Risk-adjusted price rises • Stalling growth in alternative capital capacity The Global Reinsurers: Mid-Year 2020 Results report provides a review of the financial results and performance highlights released during the 1H20 reporting period by Fitch’s portfolio of reinsurers. The European Reinsurance – Peer Review report outlines Fitch’s views on the key credit factors of the four major European reinsurance organisations: Hannover Re; Munich Re; SCOR and Swiss Re. The Asian Reinsurance Market 2020 report explores the improving pricing environment against the backdrop of the coronavirus pandemic. The report also discusses M&A activity in Asian reinsurance, changes in regulation and the gradual pick-up of interest in insurance-linked securities. The Reinsurance in Latin America report discusses the smaller natural catastrophe losses in 2019 than in 2018 and the impact of the coronavirus pandemic on earnings. The report also discusses the importance of reinsurance protection against natural catastrophe claims for local primary insurers.

Contributors

Overview

Global Reinsurers: Mid-Year 2020 Results

European Reinsurance – Peer Review

Asian Reinsurance Market 2020

Reinsurance in Latin America

Appendix: Fitch’s International-Scale Ratings

Select Reinsurance Organisations