Fitch Ratings issues ratings for U.S. and Bermudian insurers and reinsurers

Fitch Ratings has published a report on the performance of a group of insurers and reinsurers operating in Bermuda and the United States.

According to Fitch, the companies’ capital positions remained very strong at the end of 2025, while financial leverage is appropriate for their current ratings.

However, underwriting performance has weakened. Combined ratios have either risen or remained stable, mainly due to losses linked to natural disasters, particularly wildfires in California.

The rating agency expects technical results to stay under pressure in 2026, amid a less favorable market environment.