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.
S&P maintains stable outlook on US health sector
31st January 2020
S&P Global Ratings has maintained its stable outlook on the US health insurance sector for 2020, with limited rating movement expected over the coming year. Analysts noted that about 90% of insurer ratings currently have stable outlooks in this sector, and near term macroeconomic factors and cost trends should help to ... Read the full article
Improved capital position prompts Covea ratings upgrade
22nd January 2020
S&P Global Ratings has upgraded its ratings for France-based insurer Covea Group, citing further improvements in the company’s capital adequacy and its leading competitive position within the regional P&C market. The rating agency raised Covea’s long-term insurer financial strength and issuer credit ratings from ‘A+’ to ‘AA-‘ and kept the group’s ... Read the full article
S&P remains stable on US P&C insurance
15th January 2020
Rating agency S&P has maintained its stable outlook on the US property and casualty (P&C) sector going into 2020, with strong capitalisation and pricing momentum offset by weakening reserves and concerns around loss emergence. Capital in the P&C industry keeps reaching record highs, with analysts estimating that US insurers had a ... Read the full article
Demotech warns of downgrades for Florida insurers
14th January 2020
Financial analysis firm Demotech has warned that it is anticipating downgrades for several insurance carriers in Florida, due to a number of state-specific pressures on financial performance. Analysts noted that some carriers will likely seek a sale to avoid being downgraded, while others may ask for permission to voluntarily run-off outstanding ... Read the full article
Peak Re receives ratings affirmation from AM Best
19th December 2019
AM Best has affirmed its financial strength and credit ratings for Hong Kong-based reinsurer Peak Reinsurance Company Limited (Peak Re), citing robust capitalisation, improved investment risk, and strong liquidity. The rating agency upheld its financial strength rating of A- (Excellent) and its long-term issuer credit rating of ‘a-‘ for both Peak ... Read the full article
Fitch turns negative on North American life insurance
5th December 2019
Fitch Ratings has revised its 2020 sector outlook for North American life insurers to negative from stable, following an unexpected decline in interest rates over the past year. Although the sector outlook is negative, analysts still expect ratings for North American life insurers to remain stable in the coming year. That said, ... Read the full article
Moody’s increasingly positive on mortgage insurers as reinsurance use grows
2nd December 2019
With mortgage insurers in the U.S. increasingly leveraging the capital markets to secure reinsurance protection, alongside traditional forms of coverage, Moody's Investors Service (Moody's) has taken some positive rating actions and a somewhat more positive outlook on market players. Overall, notes Moody's, the U.S. mortgage insurance sector has reported broad-based improvements ... Read the full article
A.M. Best turns negative on Sirius International
22nd November 2019
Global financial services ratings agency, A.M. Best, has revised its outlooks to negative from stable for Sirius International Insurance Group, Ltd. and its main rated subsidiaries, citing the deterioration of the firm's operating performance metrics since 2017. Specifically, A.M. Best has revised the outlooks to negative and affirmed the Financial Strength ... Read the full article
S&P upgrades Mapfre Re ratings on more diverse earnings
19th November 2019
S&P Global Ratings has upgraded the long-term issuer credit and financial strength ratings of Mapfre Re from ‘A’ to ‘A+’, based on improved underwriting earnings diversification. The rating agency also raised the long-term issuer credit rating on parent company Mapfre S.A from ‘BBB+’ to ‘A-‘, and assigned a stable outlook to ... Read the full article
Moody’s revises US mortgage insurance sector outlook to stable
15th November 2019
Financial services ratings agency Moody's has revised its outlook for the U.S. mortgage insurance sector to stable from positive, in light of moderated macroeconomic conditions through an extended economic cycle. Moderating macroeconomic conditions are expected as a result of slowing economic growth and forecasts for higher unemployment in the U.S., says ... Read the full article
Oceanview life reinsurance start-up receives stable A- rating
14th November 2019
Oceanview Re, a recently established life reinsurer based in Bermuda, and its affiliate, Oceanview Life and Annuity Company, have received an A- (Excellent) Financial Strength Rating and an ‘a-‘ Long-Term Issuer Credit Rating from AM Best. The rating agency assigned a stable outlook to these ratings, noting the strong balance sheet ... Read the full article
Moody’s upgrades AmWINS ratings, outlook stable
28th October 2019
Moody’s Investors Service has upgraded the corporate family rating and first-lien credit facility ratings of AmWINS Group, Inc. and changed its ratings outlook from positive to stable. The corporate family rating was changed from B2 to B1, based on the company’s strong credit metrics, while the first-line credit facility ratings moved ... Read the full article
Fitch removes Sirius ratings from negative watch
22nd October 2019
Fitch Ratings has removed Sirius International Group Ltd.’s ratings from Rating Watch Negative and assigned them a stable outlook. The rating agency also affirmed the BBB' Long-Term Issuer Default Rating (IDR), 'BBB-' senior debt rating and 'A-' (Strong) Insurer Financial Strength (IFS) rating of Sirius's operating subsidiaries. Sirius’s ratings were placed ... Read the full article
AM Best turns positive on Canopius ratings
21st October 2019
Rating agency AM Best has removed the under review with negative implications status from Canopius US Insurance, Inc. and Canopius Reinsurance AG. At the same time AM Best has affirmed the Financial Strength Ratings of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of both Canopius Group subsidiaries, and ... Read the full article
Competitive landscape likely to pressure returns for reinsurers: A.M. Best
13th September 2019
Global ratings agency A.M. Best has maintained a stable outlook for the reinsurance sector, but has warned that the competitive nature of the market suggests that returns are likely to fall below the historical mean. After holding a negative outlook for the reinsurance sector for a number of years, stabilised pricing ... Read the full article
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