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.
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
AM Best upgrades IGI’s rating to ‘A’ from ‘A-‘
11th September 2019
International financial services rating agency, A.M. Best, has upgraded the financial strength and credit rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to "a" from "a-" of International General Insurance Co Ltd., (IGICL) (Bermuda) and International General Insurance Company (UK) Limited. According to A.M. Best, the ... Read the full article
AM Best to review ratings for Bahamas re/insurers hit by Dorian
8th September 2019
AM Best is to review the credit ratings of the major property/casualty (P&C) and life/health insurance companies operating in the Bahamas following the devastating impact of Hurricane Dorian in the region. The ratings have been placed under review with developing implications in light of the widespread destruction and limited information that ... Read the full article
CCR Re sustains top line growth in H1, with ratings affirmed by AM Best
4th September 2019
CCR Re has reported that its gross written premiums increased by 16% to €441 million during the first half of 2019, which helped contribute to a stable net income of €17 million. The result builds on the momentum seen in 2018, when the company increased its top line by 17%, with ... Read the full article
The Hanover’s outlook revised to stable on improved underwriting by S&P
20th August 2019
S&P Global Ratings has revised its outlook for The Hanover Insurance Group Inc. (THG) from negative to stable, citing a sustainable underwriting improvement in the company’s U.S commercial business. The rating agency also affirmed its ‘A’ issuer credit and financial strength ratings for THG and its core operating subsidiaries. S&P believes that ... Read the full article
S&P stays negative on Aspen citing performance pressure
26th July 2019
S&P Global Ratings has maintained its negative outlook on the ratings of Bermudian re/insurer Aspen Insurance Holdings and its subsidiaries, citing continued pressure on the company’s underwriting performance compared to its peers. The rating agency also affirmed its ‘BBB+’ long-term issuer credit rating for Aspen, and ‘A-‘ long-term issuer credit and ... Read the full article
Moody’s turns negative on Argentine re/insurers
17th July 2019
Moody’s Latin America Agente de Calificación de Riesgo S.A has downgraded its outlook from stable to negative for the global local currency (GLC) insurance financial strength (IFS) ratings of 13 re/insurers and 6 financial guarantors in Argentina. The rating action follows Moody’s outlook change from stable to negative on Argentina’s B2 ... Read the full article
Fitch says ReAssure ratings not affected by IPO suspension
15th July 2019
Fitch Ratings has said that its ratings for ReAssure have not been affected by Swiss Re’s decision to suspend the initial public offering (IPO) of its shares. Swiss Re chose to shelve the IPO of its UK closed life book consolidator business last week in response to adverse market conditions, ... Read the full article
Korean Re’s Swiss branch obtains strength rating of A from S&P
5th July 2019
Korean Reinsurance Company (Korean Re), the Seoul-based reinsurer, has announced that its recently established branch in Switzerland has obtained long-term issuer credit and financial strength ratings of ‘A’ from S&P Global Ratings. The Zurich-based subsidiary, called Korean Reinsurance Switzerland AG, was licenced to start reinsurance business from June 1, 2019. Korean ... Read the full article
S&P turns stable on Lloyd’s due to underwriting improvements
14th June 2019
S&P Global Ratings has revised the outlook on its ratings for Lloyd’s of London from negative to stable, citing improved underwriting performance driven by the efforts of the new leadership team. The revision applies to Lloyd’s, the Society of Lloyd’s, and its core subsidiaries, and S&P has also affirmed its issuer ... Read the full article
A.M. Best turns negative on Greenlight Re due to underwriting concerns
3rd June 2019
Hedge fund style reinsurer Greenlight Re has had its outlook revised from stable to negative by A.M. Best, due to concerns about its track record of poor underwriting performances. The revised outlooks apply to Greenlight Re, as well as its subsidiaries, Greenlight Reinsurance, Ltd. (Cayman Islands) and Greenlight Reinsurance Ireland, Designated ... Read the full article
A.M. Best upgrades credit ratings of IRB Brasil Re
31st May 2019
Rating agency A.M. Best has upgraded the financial strength rating of Brazilian reinsurance firm IRB Brasil Resseguros S.A. to A (Excellent) from A- (Excellent), due to the company’s improved financial strength. The reinsurer’s long-term issuer credit rating was also upgraded from “a-“ to “a”, and the outlook of its credit ratings ... Read the full article
Moody’s remains stable on Korean life sector despite slip in demand
31st May 2019
Moody’s Investors Services has maintained its stable outlook on the Korean life insurance sector, citing an improved product mix and stable capitalisation. These factors are balanced against a decline in demand, driven by the product shift together with subdued economic growth. Upcoming changes to the local risk-based capital (RBC) system are also ... Read the full article
Moody’s goes stable on Sura Re as Colombian outlook improves
30th May 2019
Moody’s Investors Service has upgraded the outlook of Sura Re from negative to stable, and affirmed the company’s Baa3 global scale insurance financial strength (IFS) ratings. The decision comes after Moody’s recent revision of Columbia’s local-currency and foreign-currency Baa2 sovereign bond ratings, which it changed from negative to stable on 23 ... Read the full article
CFOs of European insurers concerned about muted economic growth: Moody’s
9th April 2019
Low economic growth and market volatility are the two top concerns for the Chief Financial Officers (CFOs) of European insurers. At the same time, insurers across the continent are increasingly leveraging technology in order to cut costs, according to Moody's Investors Service's European Insurance CFO survey. Low economic growth tops the ... Read the full article
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