Reinsurance News

ASR re

Profitability strong for global emerging market reinsurers: Fitch

18th August 2025

According to Fitch Ratings, the profitability of the global emerging market reinsurer group, which includes Patria, Ocean Re, Eureka Re, Oman Re, and ASR Re, has been strong, with return on equity generally ranging from 5% and 22% over the past two years. Patria is the largest by net premiums written ... Read the full article

Moody’s upgrades outlook on ASR Re to positive, affirms Baa1 rating

5th August 2025

Credit rating agency Moody’s Ratings has upgraded the outlook on ASR Re Limited’s Baa1 insurance financial strength rating from stable to positive; ASR Re, a Bermuda-based reinsurer, operates as part of Africa Specialty Risks (ASR), a group providing tailored corporate and specialty insurance solutions across Africa and the Middle East. The ... Read the full article

Aurélien Sauty to lead Africa Specialty Risks’ new marine and aviation divisions

26th September 2024

Africa Specialty Risks (ASR), the pan-African and Middle East-focused re/insurance group, has appointed Aurélien Sauty to lead its new Marine and Aviation divisions, as Head of Marine and Aviation. The appointment and strategic expansion further enhance ASR’s commitment to providing comprehensive, high-quality underwriting solutions tailored specifically to the unique risks across ... Read the full article

Africa Specialty Risks secures BBB+ credit rating with positive outlook from Fitch

23rd September 2024

Fitch Ratings has assigned Africa Specialty Risks (ASR), a pan-African and Middle East focused re/insurance group a BBB+ long term Insurer Financial Strength (IFS) Rating with a positive outlook to ASR Re. According to Fitch, ASR Re’s ratings reflect its very strong capitalisation and low leverage. Additionally, the reinsurer’s expanding business volumes ... Read the full article

Moody’s assigns Africa Specialty Risks’ ASR Re a Baa1 credit rating

13th October 2023

ASR Re, a wholly owned subsidiary of ASR Holdings Limited (Mauritius), the non-operating holding company of the Africa Specialty Risks (ASR) group, has been assigned a Baa1 long-term insurance financial strength rating (IFSR) by Moody’s Investors Service. The rating is based on ASR Re’s growing relevance and client base in Africa's ... Read the full article