Reinsurance News
KBRA
KBRA anticipates resilience among catastrophe-exposed insurers
21st October 2025
KBRA currently expects moderate weather-related loss activity, noting that, absent a particularly severe event, most insurers should be able to absorb storm-related losses through earnings or surplus without significantly affecting their overall claims-paying ability. The agency’s recent research indicates that isolated downgrades may occur for insurers experiencing outsized losses relative to ... Read the full article
KBRA upgrades American Coastal Insurance Corporation to investment grade
22nd July 2025
American Coastal Insurance Corporation, the parent company of American Coastal Insurance Company (AmCoastal), has announced that Kroll Bond Rating Agency (KBRA) has raised the Company’s Issuer and Debt ratings from BB+ to BBB-, achieving investment grade status. Additionally, KBRA has reaffirmed the A- Insurance Financial Strength Rating for AmCoastal. The outlook ... Read the full article
Tariff pressures mount for US insurers, says KBRA
24th April 2025
KBRA, a US-based credit rating agency, notes that while the US insurance industry has historically been resilient in the face of economic uncertainty, ongoing tariff disputes and broader trade tensions are now presenting a more complex and layered set of credit challenges. These pressures are being felt most acutely in the ... Read the full article
Re/insurance industry well capitalized to absorb LA wildfire losses: KBRA
13th January 2025
While the Los Angeles wildfires are anticipated to be a major catastrophe event for the insurance industry, a new report from KBRA has highlighted that the sector is generally well capitalized to absorb the losses, although some individual carriers may be more heavily impacted than others. With industry losses from ... Read the full article
2024 hurricanes a stark reminder of persistent protection gap for flood coverage, KBRA
4th November 2024
As the 2024 hurricane season enters into its final month, KBRA, the global full-service rating agency has highlighted the uptick in storm activity as several weather systems made landfall in the southeastern United States. Readers will be aware that Florida and a number of other states in the region were impacted ... Read the full article
KBRA upgrades ratings and assigns a positive outlook for Nassau Financial Group
4th October 2024
Credit rating agency KBRA has upgraded the Insurance Financial Strength Rating (IFSR) to BBB+ and assigns a positive outlook for Nassau Life Insurance Company (NNY), Nassau Life and Annuity Company (NLA), Nassau Life Insurance Company of Kansas (NKS), and Nassau Re (Cayman) Ltd. (NKY), which are indirect subsidiaries of Nassau ... Read the full article
Benefits of reciprocal exchanges can also create challenges, says KBRA
25th September 2024
Reciprocal exchanges appear to be in favour following the launch of a notable amount of start-ups in recent years, however, according to a new report from KBRA, the full-service credit rating agency, certain benefits with the ventures can also create a series of challenges. Analysts noted that mutual companies and reciprocal ... Read the full article
KBRA assigns rating to new Florida reciprocal exchange Trident
30th August 2024
Credit rating agency KBRA has assigned a BBB Insurance Financial Strength Rating (IFSR) to Trident Reciprocal Exchange (Trident), with a stable outlook. Trident is a newly established de novo reciprocal exchange focused on writing homeowners’ insurance in Florida. The rating reflects Trident’s low underwriting leverage and substantial surplus relative to expected premiums ... Read the full article
Florida insurers better protected ahead of active hurricane season: KBRA
15th August 2024
Insurers in Florida are preparing for an active Atlantic storm season in 2024 by purchasing increased reinsurance limits and coverage to protect their balance sheets, according to a recent KBRA report. The report also highlighted that a combination of recent regulatory reforms and insurers obtaining extensive rate increases, have attracted reinsurers ... Read the full article
KBRA revises Conifer’s outlook to stable, downgrades credit ratings
2nd February 2024
Credit rating agency KBRA has downgraded Conifer Holdings and its subsidiaries credit ratings, and revised its negative outlook to stable. Conifer Insurance Company (CIC) financial strength ratings (IFSR) were downgraded to BBB from BBB+ for, and to BBB- from BBB+ for White Pine Insurance Company (WPIC) (together, referred to as Conifer). Additionally, ... Read the full article
KBRA affirms ratings for Heritage Insurance subsidiaries, issues downgrades and outlook revisions
22nd December 2023
Credit rating agency KBRA has affirmed the insurance financial strength ratings (IFSRs) for two key operating subsidiaries of Heritage Insurance Holdings, Inc. (HIH). KBRA maintained the BBB+ rating for Heritage Property & Casualty Insurance Company (HPCIC) and Zephyr Insurance Company, Inc. (ZIC). However, the agency downgraded the IFSR for Narragansett Bay Insurance ... Read the full article
Florida insurers navigate 2023 successes amidst 2024 uncertainty: KBRA
12th December 2023
Florida's homeowner insurers have experienced a positive turn of events in 2023, benefiting from a milder hurricane season and groundbreaking legislative reforms, according to KBRA. The state's insurance landscape, marred by years of significant catastrophe losses and a litigious environment, saw a welcome respite. The 2023 hurricane season, despite above-average storm activity, ... Read the full article
KBRA assigns rating to new Florida insurer Orange
16th November 2023
Credit rating agency KBRA has assigned Orange Insurance Exchange, a new Florida-based insurer, an Insurance Financial Strength Rating (IFSR) of BBB, and given it a Stable Outlook. Launched in early November, Orange is a new domestic reciprocal property and casualty insurance company headquartered in Newberry, Florida. Headed by Chief Executive Officer, ... Read the full article
Bermuda’s position as financial hub won’t be unduly impaired by tax reforms: KBRA
10th October 2023
In a recent report, credit rating agency KBRA (Kroll Bond Rating Agency) has affirmed Bermuda's long-term issuer ratings and short-term issuer ratings of the sovereign. The agency's stable outlook for Bermuda underscores its confidence in the island's ability to weather global corporate tax reform efforts without significant disruption to its status ... Read the full article
KBRA turns negative on Heritage, cites losses & equity concerns
22nd December 2022
Rating agency KBRA has revised its outlook from stable to negative for super-regional property and casualty insurance holding company, Heritage Insurance Holdings (HIH), citing continued operating losses and a significant equity decline. Analysts downgraded their outlook for HIH and for operating subsidiary Narragansett Bay Insurance Company (NBIC), but maintained table ratings ... Read the full article
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