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.
Litmus advises re/insurers to run prototype of S&P’s new capital model ahead of adoption
1st September 2023
Litmus Analysis recommends re/insurers run the prototype of S&P’s new capital model on themselves as early as possible to increase their time to put a persuasive case together to present to the agency ahead of the UCO resolution rating committee in case of downgrade risk. Analysts urge re/insurers to do so ... Read the full article
S&P revises Echo Re outlook to positive on improved operating performance
30th August 2023
S&P Global Ratings has revised its outlook on Switzerland-based Echo Re to positive from stable, a move that reflects the reinsurer’s improved operating performance. The rating agency also affirmed Echo Re’s 'A-' long-term issuer credit and financial strength ratings. “The operating performance of Echo Rueckversicherungs-AG (Echo Re) is improving on the back ... Read the full article
Farmers Insurance Group’s ratings placed on review for downgrade by Moody’s
22nd August 2023
Moody’s has placed Farmers Insurance Group’s ratings on review for downgrade, a move that reflects the rating agency’s concerns around insurer’s underwriting results in its core personal lines and its capital adequacy. The review includes Farmer’s A3 insurance financial strength (IFS) rating and Baa3 (hyb) surplus notes ratings. As well as the ... Read the full article
S&P revises Munich Re’s outlook to positive on improving diversification
17th August 2023
S&P Global Ratings has affirmed its 'AA-' issuer credit and insurer financial strength ratings on Munich Re, revising its outlook to positive from stable, citing the German reinsurer's ability to defend its excellent competitive position and conservative capital management via further earnings diversification by divisions. Referring to Munich Re's H1 ... Read the full article
S&P revises Swiss Re outlook to stable from negative on continued performance improvement
16th August 2023
S&P Global Ratings today revised its outlook to stable from negative on Swiss Re and its core subsidiaries, as well as affirmed the ratings on these entities. According to the rating agency, the outlook revision to stable reflects improvements in Swiss Re's underwriting performance since 2021 and its expectation that the ... Read the full article
AM Best takes various credit actions on Allstate and its subsidiaries
10th August 2023
AM Best has taken various credit rating actions on the Allstate Insurance Corporation and its subsidiaries and assigned a stable outlook to most of them. The credit rating agency has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa-” (Superior) from “aa” (Superior) and affirmed the Financial Strength Rating (FSR) ... Read the full article
Over 10% of S&P’s re/insurance ratings to be placed “under criteria observation”: Litmus Analysis
8th August 2023
More than 10% of S&P’s insurance ratings to be placed “under criteria observation” (UCO) as a result of the adoption of the rating agency’s new capital model criteria, according to a new report by Litmus Analysis. As S&P’s Request for Comment (RfC) period for the proposed changes has ended, the agency ... Read the full article
AM Best assigns credit ratings to UK hybrid fronting carrier Bridgehaven Insurance
7th August 2023
Bridgehaven Insurance, a recently launched hybrid fronting carrier, has secured an A- (Excellent) Financial Strength Rating and a Long-Term Issuer Credit Rating of “a-” (Excellent) from AM Best. The outlook assigned to these ratings is stable. Launched in July 2023, Bridgehaven has a vision to become the leading UK hybrid ... Read the full article
AM Best assigns “Excellent” credit ratings to newly launched Enact Re
2nd August 2023
US private mortgage insurance provider, Enact has launched a new Bermuda-based reinsurer, Enact Re Ltd. As a newly non-exclusive affiliate, it intends to operate primarily as a mortgage reinsurer but could eventually broaden its reach to write third-party business too. Enact Re received its class 3A Bermuda (re)insurance licence in May 2023. ... Read the full article
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
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