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.
Moody’s turns negative on UK P&C
26th October 2022
Moody’s has downgraded its outlook on the UK property and casualty (P&C) insurance sector from stable to negative, reflecting the adverse impact of high inflation on underwriting profitability. The rating agency anticipates that P&C price increases and rising investment yields will be insufficient to restore earnings over the next 12-18 months. At ... Read the full article
KBRA downgrades United’s P&C unit after Ian losses
17th October 2022
KBRA has downgraded its ratings for United Insurance Holdings Corp.’s (UPC Insurance) property and casualty (P&C) subsidiary in the wake of Hurricane Ian and after United announced it will incur $36.4 million of Q3 losses from the storm. The rating agency has downgraded the insurance financial strength rating (IFSR) for ... 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
Moody’s downgrades ratings of Farmers Insurance Group
11th October 2022
Moody's Investors Service has downgraded the insurance financial strength (IFS) rating of Farmers Insurance Exchange, the lead member of Farmers Insurance Group (Farmers) to A3 from A2 and the surplus note rating to Baa3 (hyb) from Baa2 (hyb). Read the full article
No ratings impact on life insurers’ following UK outlook revision: Fitch
10th October 2022
According to Fitch Ratings, the recent revision of the UK’s outlook to negative has no immediate impact on UK life insurers’ ratings. Fitch expects the sector’s strong business profile and capital headroom to continue to underpin ratings in the hypothetical scenario of the UK sovereign rating being downgraded by one notch ... Read the full article
AM Best removes IRB Brasil Re from under review with negative implications
10th October 2022
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 Rating of “a-” (Excellent) of IRB Brasil Re. The outlook assigned to these Credit Ratings is negative. AM Best states that the ratings reflect IRB’s balance sheet strength, ... Read the full article
Moody’s places Peak Re’s IFSR on review for downgrade
7th October 2022
Peak Re’s Baa1 insurance financial strength rating (IFSR) has been placed on review for downgrade by Moody’s. The rating agency has also placed on review for downgrade the Baa3(hyb) backed subordinated debt rating on the subordinated perpetual securities issued by Peak Re (BVI) Holding Limited. It had been previously downgraded ... Read the full article
AM Best revises outlooks to negative for American Family & affiliates
5th October 2022
AM Best has revised the outlooks to negative from stable for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of American Family Mutual Insurance Company and its affiliates. The negative outlooks for American Family reflect the significant earnings ... Read the full article
Amwins gets exceptional delegated authority scores from AM Best
4th October 2022
AM Best has assigned its highest Performance Assessment of PA-1 (Exceptional) to a group of seven delegated underwriting authority enterprises (DUAEs) of the Amwins Group, with a stable outlook. Launched this year, AM Best's performance assessment for DUAEs looks at underwriting capabilities, governance and internal controls, financial condition, organizational talent and ... Read the full article
Nat Re granted strong rating amid business mix revision
4th October 2022
The National Reinsurance Corporation of the Philippines (Nat Re), the Philippines’ sole professional reinsurer, has been assigned a financial strength rating of PRS A, with a stable outlook, by Philippine Rating Services Corporation (PhilRatings). The rating takes account of efforts that Nat Re has made to alleviate the economic headwinds it ... Read the full article
D&O insurance results improve, though premium growth stalls: Fitch
20th September 2022
According to Fitch Ratings, the U.S. Directors & Officers (D&O) insurance results in the first half of 2022 have improved, though premium growth has stalled. The D&O insurance line has experienced some of the most pronounced pricing increases over the last three years among all commercial lines, with shifts in underwriting ... Read the full article
US L/H segment rating activity in H1 2022 mixed with stable outlooks: AM Best
8th September 2022
Ratings activity for the US life/health (L/H) segment in the first half of 2022 has been mixed, with the percentage of upgrades increasing while the percentage of downgrades decreased slightly, according to a recent report by AM Best. Additionally, according to the US L/H Ratings Activity in 2022 Mixed as Insurers ... Read the full article
AM Best places Fairfax’s Wentworth under review with negative implications
5th September 2022
AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Wentworth Insurance Company Limited. The Credit Ratings have been placed under review with negative implications due to volatility in Wentworth’s risk-adjusted capitalization position, says Best, ... Read the full article
AM Best removes Vault Group members from under review with negative implications
31st August 2022
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 Rating of "a-" (Excellent) of members of the Vault Insurance Group. The outlook assigned to these Credit Ratings is negative. The ratings reflect Vault’s balance sheet strength, ... Read the full article
Peak Re’s insurance financial strength rating downgraded by Moody’s
30th August 2022
Peak Re has seen its insurance financial strength rating (IFSR) downgraded to Baa1 from A3 by Moody’s. Moody's said it has also downgraded the backed subordinated debt rating on the subordinated perpetual securities issued by Peak Re (BVI) Holding Limited to Baa3(hyb) from Baa2(hyb). These securities are irrevocably and unconditionally guaranteed ... Read the full article
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