Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. Rating agency Fitch has downgraded China’s sovereign debt over concerns about weaker public finances and the impact of higher tariffs on exports, a move that prompted accusations of bias from Beijing. In a statement on … Read more
Fitch Ratings, a provider of credit ratings, research, and risk analysis, expects to see a further expansion of alternative reinsurance capacity in 2025, supported by cyber catastrophe bond issuances, which will add to the reinsurance sector’s capital base and help absorb earnings volatility.Looking back at 2024, three cyber cat bonds were introduced to the insurance-linked … Read more
Fitch Ratings said in an outlook revision that it expects Mercury General Corp.’s credit profile will withstand the impact of the Eaton and Palisades fires near Los Angeles, but the agency also gave a negative outlook that reflects “the potential for credit deterioration and financial pressure from a third large catastrophe event or an aggregation … Read more