Reinsurance News
ratings
Ratings are a critical component of the insurance and reinsurance market, providing important indications of financial strength and creditworthiness for insurers and reinsurers.
Read all of our insurance and reinsurance ratings news below.
AM Best affirms GeoVera’s credit ratings, revises outlooks to stable
21st July 2023
AM Best has revised the outlooks to stable from negative of the members of GeoVera Insurance Group, which operate under an intercompany reinsurance agreement. The credit rating agency also affirmed the Group’s Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent). GeoVera Insurance ... Read the full article
AM Best places GuideOne’s ratings under review with negative implications
17th July 2023
AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of GuideOne Insurance Company and its wholly owned subsidiaries. According to AM Best, these ratings have been placed under review with negative implications given its concerns ... Read the full article
AM Best revises outlook for Beazley subsidiaries to positive
17th July 2023
Global rating agency AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICR) and also affirmed the Financial Strength Ratings of A (Excellent) and the Long-Term ICRs of “a” (Excellent) of specialist re/insurer Beazley's subsidiaries. The subsidiaries include Beazley Insurance Designated Activity Company ... Read the full article
AM Best upgrades ratings of Odyssey Group Holdings’ subsidiaries
7th July 2023
AM Best has upgraded the credit ratings of the subsidiaries of Odyssey Group Holdings, Inc., and assigned a stable outlook. The firm’s members now have a Financial Strength Rating (FSR) of A+ (Superior) which was previously A (Excellent), and its Long-Term Issuer Credit Ratings (Long-Term ICRs) is now “aa-” (Superior), which ... Read the full article
Moody’s changes Aon’s rating outlook to positive, cites improving profitability
27th June 2023
Moody’s Investors Service has changed Aon’s rating outlook to positive from stable based on the company’s record of improving profitability, its healthy free cash flow, and Moody’s expectation that Aon will maintain financial leverage toward the low end of its historical range. The rating agency has also affirmed the Baa2 senior ... Read the full article
AM Best upgrades credit ratings of Convex Group Limited’s subsidiaries
31st May 2023
AM Best has upgraded the Financial Strength Ratings to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent) of the Convex Group Limited subsidiaries Convex Re Limited (CRL), Convex Insurance UK Limited (CIL), Convex Europe S.A. (CES) and Convex Guernsey Limited (CGU). The ... Read the full article
AM Best revises outlooks to positive for Athene
26th May 2023
AM Best revises the outlooks to positive from stable for Athene Holding Ltd. and its subsidiaries, a move that reflects the company’s continuing trend of improvement according to the rating agency. At the same time, AM Best affirmed Athene’s Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit ... Read the full article
AM Best revises outlooks to positive for Eureka-Re
22nd May 2023
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Eureka-Re. AM Best suggests the outlook revisions to positive reflect its expectation that the overall balance sheet strength of Eureka will continue ... Read the full article
S&P expects 10% of ratings in re/insurance sector to be affected by its new criteria
9th May 2023
S&P Global Ratings has published a revised version of its proposed methodology for measuring the risk-based capital adequacy of re/insurers, noting that the new criteria could lead to credit rating actions on about 10% of ratings in the sector and affect capital and earnings assessments. The rating agency is also requesting ... Read the full article
AM Best upgrades Austral’s credit ratings, revises outlook to stable
4th May 2023
AM Best has upgraded the credit ratings of Austral Resseguradora S.A. (Austral Re) and Austral Seguradora S.A. Concurrently, and revised their outlooks to stable from positive. The credit rating agency has assigned the companies a Financial Strength Rating A- (Excellent), upgraded from B++ (Good); and the Long-Term Issuer Credit Ratings (Long-Term ... Read the full article
AM Best turns negative on Selecta (Caribbean)
28th April 2023
AM Best has revised its outlook from stable to negative for Selecta Insurance and Reinsurance Company (Caribbean) Ltd., citing volatility in the company’s historical underwriting results and the ongoing impact of legacy business on performance. At the same time, the rating agency affirmed the company’s Financial Strength Rating of B+ (Good) ... Read the full article
AM Best places ratings of R&Q and subsidiaries under review as Board considers strategic options
6th April 2023
The announcement from non-life specialty insurer R&Q Insurance Holdings earlier this week that its Board is conducting a strategic review to separate its program management and legacy businesses, has seen AM Best place the credit ratings of the firm and its rated subsidiaries under review with negative implications. On April ... Read the full article
AM Best downgrades Issuer Credit Rating of MS Amlin AG
3rd April 2023
AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of global reinsurer MS Amlin AG (MS Reinsurance). The outlook of the Long-Term ICR has been revised to stable from negative, whereas the outlook ... Read the full article
AM Best warns of EMEA re/insurer ratings volatility
21st March 2023
AM Best has warned that the ratings of re/insurers in Europe, the Middle East and Africa (EMEA) have been more sensitive to market events in 2022 than in previous years. In particular, heightened geopolitical tensions, the rise in global inflation, and recessionary pressures have contributed to a difficult insurance and capital ... Read the full article
S&P affirms SCOR credit ratings despite 2022 net loss
14th March 2023
S&P Global Ratings has affirmed its 'A+' long-term insurer financial strength and issuer credit ratings on SCOR SE and related core subsidiaries despite the company reporting a €301m net loss for the full-year 2022 and a drop in capitalization. The outlook of these credit ratings remains stable, the agency added. SCOR’s negative ... Read the full article
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