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 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
R&Q’s Accredited receives group rating increase from A.M. Best
21st March 2019
Accredited Surety & Casualty Company, Inc, the Florida-based insurance subsidiary of Randall & Quilter Investment Holdings Ltd. (R&Q), has had it’s A.M. Best group rating increased from VII to VIII. The increase reflects the improved balance sheet strength of Accredited and R&Q following successful equity and debt capital raises in December ... Read the full article
A.M. Best stays negative on AXIS Capital despite improvements
18th March 2019
A.M. Best has maintained its negative outlook on the ratings of Bermudian insurance and reinsurance firm AXIS Capital Holdings Limited, although it acknowledged that the company has taken steps to address its concerns during 2018. The rating agency also affirmed AXIS’ Long-Term Issue Credit Rating of ‘a-‘, as well as the ... Read the full article
Canopius US Insurance, Canopius Re ratings placed under review by A.M. Best
18th March 2019
In light of worse-than-expected operating results for 2018 at Canopius AG, A.M. Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" of Canopius US Insurance, Inc. and Canopius Reinsurance AG. Both Canopius US Insurance and Canopius Reinsurance ... Read the full article
A.M. Best revises Donegal Group’s outlook to negative
14th March 2019
A.M. Best has revised the outlooks of Donegal Insurance Group and its members from stable to negative due to a decline in Donegal Group’s operating performance in 2017 and 2018. At the same time, the rating agency affirmed the insurer’s Financial Strength Rating of A (Excellent) and its Long-Term Issuer Credit ... Read the full article
Rating downgrades for U.S P&C re/insurers doubled in 2018, says A.M. Best
7th March 2019
Credit rating downgrades in the U.S property and casualty (P&C) re/insurance segment more than doubled year over year in 2018, according to a new A.M. Best report. The rating agency said factors such as catastrophic weather losses, challenging pricing in competitive lines of business and capital market volatility had reversed a ... Read the full article
Odyssey’s Newline Brexit unit receives PCA rating from A.M. Best
7th March 2019
Newline Europe Versicherung AG, the European insurance hub that Odyssey Group Holdings plans to establish ahead of Brexit, has received a Preliminary Credit Assessment (PCA) from rating agency A.M. Best. The firm assigned a Financial Strength Assessment of A pca (Excellent) and a Long-Term Issuer Credit Assessment of ‘a+’ pca to ... Read the full article
Travelers’ post-Brexit Dublin unit obtains A++ strength rating
5th March 2019
Travelers Insurance Designated Activity Company (TIDAC) (Ireland), the newly established European subsidiary of Travelers Companies, Inc., has obtained a Financial Strength Rating of A++ (Superior) from A.M. Best. Travelers recently obtained a licence from the Central Bank of Ireland to write business from the Dublin-based unit, which will ensure continuity ... Read the full article
Florida insurers remain stable due to reinsurance protection, reports Demotech
19th February 2019
Financial analysis firm Demotech has affirmed the financial stability ratings (FSRs) of 51 Florida property insurers after reviewing the quality and quantity of the companies’ reinsurance protection. Based on its compilation of the year-end 2018 financial information of these carriers, Demotech concluded that their reinsurance programs were sufficient to expect reimbursement ... Read the full article
Sirius International’s Nasdaq listing reinforces independence from parent, says A.M. Best
19th February 2019
A.M. Best has commented that the credit ratings of Sirius International Insurance Group, Ltd (SIIG) and its main subsidiaries are unchanged, noting that its November 2018 Nasdaq listing reinforces its independence from its ultimate parent, China Minsheng Investment Group Corp., Ltd. (CMIG). The comments from global financial services ratings agency, A.M. Best, ... Read the full article
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