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 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
AM Best places Allstate’s Castle Key credit ratings under review
10th March 2023
Allstate’s Florida-focused Castle Key Group - and its members - has had its B+ Financial Strength Rating (FSR) and Long-Term Issuer Credit Rating of bbb- placed under review with negative implications by AM Best. According to the announcement, this decision was made following a material deterioration in the firm’s surplus position ... Read the full article
AM Best downgrades Credit Ratings of SCOR
10th March 2023
AM Best has downgraded the Credit Ratings of SCOR, noting that the decision reflects deterioration in the French reinsurer's operating performance, which is no longer considered supportive of AM Best’s previous strong assessment. The rating agency has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the ... Read the full article
S&P upgrades WTW credit ratings with stable outlook
22nd February 2023
S&P Global Ratings has upgraded its issuer credit rating on Willis Towers Watson PLC (WTW) to 'BBB+' from 'BBB' and gave it a stable outlook. At the same time the credit rating agency upgraded its issue-level ratings on the global brokerage firm’s senior unsecured debt to 'BBB+' from 'BBB'. WTW has sustained ... Read the full article
S&P places CCR RE ratings on watch positive on potential acquisition
14th February 2023
Following the news of CCR RE potential acquisition by a consortium of French mutuals, S&P Global Ratings has placed its 'A-' issuer credit and financial strength ratings on CCR RE, and its issue ratings on the reinsurer's debt, on CreditWatch with positive implications. On February 8, 2023, French-based Caisse Centrale ... Read the full article
AM Best places Argo’s credit ratings under review
13th February 2023
Credit ratings of Argo Group International Holdings, Ltd. and its subsidiaries have been placed under review with developing implications by AM Best, according to a recent statement by the credit rating agency. These ratings include the firm’s Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb-” (Good) and the associated Long-Term Issue ... Read the full article
AM Best affirms Fidelis ratings following separation from MGU
6th February 2023
AM Best has removed from under review with negative implications and affirmed the credit ratings of Fidelis Insurance Holdings Limited and its subsidiaries. AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of ... Read the full article
Moody’s downgrades SCOR’s IFSR to A1, changes outlook to stable
6th February 2023
Moody's Investors Service has downgraded the Insurance Financial Strength Rating (IFSR) of SCOR SE and its key operating entities to A1 from Aa3, citing a weakening of the firm's profitability. The rating agency writes that the downgrade also reflects Moody's expectation that SCOR's senior management will likely be faced with a ... Read the full article
Insurance brokers begin 2023 on sound footing: S&P
1st February 2023
Analysts at S&P Global Ratings have suggested that insurance brokers & service providers have started 2023 on sound footing despite the looming recession and tightening financial conditions. The rating agency's sector view for global insurance services is largely stable, reflecting resilient industry fundamentals for most subsectors. S&P expects limited rating changes ... Read the full article
Moody’s updates re/insurance rating methodologies for accounting changes
24th January 2023
Moody's Investors Service has published updated methodologies for rating life insurers, property and casualty insurers, reinsurers and trade credit insurers, replacing the versions published last year. According to Moody's adjusted rating methodologies, insurers reporting under IFRS or US GAAP may be subject to IFRS 17 or long duration targeted improvements (LDTI) ... Read the full article
AM Best affirms Vantage Group’s credit ratings
24th January 2023
AM Best has affirmed the credit Ratings of Vantage Risk Ltd. and Affiliates (Vantage Group) and has assigned them a positive outlook. The Group’s Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent) reflect its balance sheet strength, which AM Best assesses as very strong, as ... Read the full article
S&P upgrades CCR Re ratings as volatility reduced
17th January 2023
S&P Global Ratings has decided to upgrade the ratings of CCR Re, based on the expectation that the reinsurer will be able to structurally reduce the volatility of its technical results and overall profitability over the coming years. The rating agency has revised the stand-alone credit profile of CCR Re to ... Read the full article
AM Best upgrades TransRe credit ratings
11th January 2023
AM Best has upgraded the credit ratings of TransRe, a reinsurance company wholly owned by Alleghany Corporation, and removed them from under review with positive implications. The reinsurer, and its subsidiaries, now hold a Financial Strength Rating (FSR) of A++ (Superior), which previously was A+ (Superior). Its Long-Term Issuer Credit Ratings ... Read the full article
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