David Prowse – Senior Director, FitchWire Financial Institutions
David leads Fitch Wire’s coverage of financial institutions in EMEA. Before joining Fitch Wire in 2017, David spent 9 years in Fitch’s EMEA Insurance team. He led the team’s UK life sector coverage and coordinated European market research and publications, focusing on investor outreach on hot topics including Solvency II and the impact of low interest rates on insurers.
After an M.A. in mathematics from the University of Oxford, David began his career at a UK life insurance company, where he qualified as an actuary in 1997. He then spent 10 years in actuarial consultancy for clients across Europe, including 3 years based in the Netherlands.
Reinsurers will push for double-digit increases in U.S. casualty premium rates when policies come up for renewal in January 2025 to keep up with higher loss costs
The underwriting margins for reinsurers are anticipated to reach their peak in 2024, driven by significant price increases and stricter terms and conditions
UK life insurance sector are likely to pass on more of the interest they earn on customer cash balances to protect their reputations as customer fairness regulation
Global reinsurance groups are cutting back on the cover they provide against medium-sized natural catastrophe risks due to investor pressure after several years
Belgian and Dutch insurers’ conservative investment portfolios should be resilient to rising credit risks amid weakening economic conditions and tightening monetary policy
The UK life insurance market will continue to maintain strong capitalisation despite the government’s proposals to loosen Solvency II (S2) rules to release capital for insurers
