Reinsurance News
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AM Best maintains negative outlook on Brazil’s reinsurance market
18th August 2025
Credit rating agency AM Best has announced it is maintaining a negative outlook on Brazil’s reinsurance market segment, citing political uncertainty and tax reform measures that are pressuring the industry’s profitability. The report noted that regulatory restrictions on foreign assets have limited domestic reinsurers’ growth abroad, in addition to the approaching ... 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
AM Best upgrades FAIR Oil & Energy Insurance Syndicate credit ratings
17th April 2025
Credit rating agency AM Best has upgraded the credit ratings of FAIR Oil & Energy Insurance Syndicate (FOEIS), and revised the outlook to stable from positive. FOEIS’ Financial Strength Rating has been upgraded to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to “bbb” (Good) from “bbb-” (Good). AM ... Read the full article
AM Best upgrades L&G Re’s financial strength ratings
27th December 2024
Ratings agency AM Best has upgraded Legal & General Reinsurance Company No. 2 Limited’s (Bermuda) Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa-” (Superior) from “a” (Excellent). Concurrently, the firm has also affirmed the Long-Term ICR of “a” (Excellent) ... Read the full article
AM Best upgrades Conduit Re’s outlook to positive, affirms A- rating
18th December 2024
CHL, the parent company of Conduit Re, a multi-line Bermuda-domiciled reinsurer, has confirmed that AM Best has affirmed Conduit Re's Financial Strength Rating of "A-" (Excellent) and Long-Term Issuer Credit Rating of "a-" (Excellent) and raised the ratings outlook to positive from stable. AM Best explained that the change in ratings ... Read the full article
AM Best expects Asian Re’s underwriting and operating performance to improve
14th June 2024
AM Best, a global credit rating agency for the insurance sector, has reaffirmed Asian Reinsurance Corporation (Asian Re), a regional non-life reinsurer, with a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” (Good), both with a positive outlook. AM Best expects that Asian Re’s execution ... Read the full article
AM Best downgrades ratings of Farm Bureau Mutual Insurance Company of Arkansas
31st May 2024
Credit rating agency AM Best has downgraded the credit ratings of Farm Bureau Mutual Insurance Company of Arkansas, Inc. (FBMICA), a regional insurer, due to severe weather-related losses. The Financial Strength Rating dropped from B+ (Good) to B (Fair) and the Long-Term Issuer Credit Rating from “bbb-” (Good) to “bb” (Fair), ... Read the full article
AM Best upgrades credit ratings of MS Reinsurance
26th April 2024
Rating agency AM Best has upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating to “aa-” (Superior) from “a” (Excellent) of MS Reinsurance, and has assigned a stable outlook to the ratings. AM Best highlights the additional explicit support that MS Reinsurance receives ... Read the full article
Beazley to work with DRC’s RS X Rating for Global Enterprise Rating
4th December 2023
Specialist insurer Beazley has selected Decision Research Corporation (DRC), a provider of enterprise software solutions for the Property and Casualty insurance industry, to help power its next generation of pricing tools. To do so, the London-based insurer will work with DRC’s RS X Rating as the Global Enterprise Rating technology. Troy Dehmann, ... Read the full article
Moody’s affirms SCOR’s ratings, moves outlook to negative
14th October 2022
Moody’s has affirmed the Insurance Financial Strength Rating (IFSR) of SCOR SE, a P&C and Life reinsurance provider, and its key operating entities at Aa3. Moody's said it has also changed the outlook to negative from stable. According to the rating agency, the affirmation of SCOR’s ratings reflects its very strong ... Read the full article
Lloyd’s AA- rating affirmed by KBRA
5th July 2022
Kroll Bond Rating Agency (KBRA) has assigned an AA- insurance financial strength rating (IFSR) to Lloyd's with a stable outlook. According to KBRA, the latest rating reflects Lloyd’s strong risk-adjusted capitalisation, favourable capital trends and multi-faceted capital structure. It also highlighted its conservative underwriting leverage, sound technical reserves, strong liquidity profile, diversified ... Read the full article
AM Best assigns positive credit ratings to Fortitude Re
11th March 2022
Rating agency AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) to Fortitude Reinsurance Company, and also assigned an FSR of A (Excellent) and a Long-Term ICR of “a” (Excellent) to Fortitude International Reinsurance Ltd. (FIRL). The ... Read the full article
AM Best stays negative on US commercial lines
9th December 2020
Rating agency AM Best has opted to maintain its negative outlook on the US commercial lines industry for 2021, citing uncertainty about the economic fallout from COVID-19 and the re-emergence of social inflation as courts reopen. Analysts noted that the commercial lines industry has shown resilience in a year of abnormally ... Read the full article
Vantage receives Preliminary Credit Assessment of A- from AM Best
20th October 2020
Vantage Risk Ltd., a newly established insurance and reinsurance business set to launch with Dinos Iordanou as Non-Executive Chairman and Greg Hendrick as CEO, has been assigned Preliminary Credit Assessments (PCAs) by ratings agency A.M. Best. Specifically, A.M. Best has assigned a PCA with a Financial Strength Assessment of A- pca ... Read the full article
A.M. Best upgrades credit ratings of Fidelis
4th June 2020
Fidelis Insurance Holdings Limited and its subsidiaries have had their credit ratings upgraded by international financial services ratings agency, A.M. Best. Specifically, the ratings agency has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to "a" from "a-" of ... Read the full article
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