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.
Methodology update affected just 3% of EMEA re/insurers, says A.M. Best
22nd November 2018
The recent revisions that A.M. Best made to its Best’s Credit Rating Methodology (BCRM) and Best’s Capital Adequacy Ratio (BCAR) resulted in changes for just 3% of re/insurers in the Europe, Middle East & Africa (EMEA) region, according to analysts at the company. Speaking in an interview with A.M. BestTV, Mahesh ... Read the full article
Re/insurer’s IFS ratings unlikely to face adverse impacts from Michael: Fitch
12th October 2018
While hurricane Michael will add to the insured catastrophe losses accumulated thus far this year and push 2018 closer to a more normal catastrophe loss year, re/insurer's individual Insurer Financial Strength (IFS) ratings are unlikely to face adverse impacts, according to Fitch. Fitch believes the property/casualty re/industry is well positioned to absorb ... Read the full article
S&P affirms Marsh’s A- rating following JLT acquisition, outlook negative
8th October 2018
Marsh & McLennan has had its A- long-term issuer credit rating affirmed by S&P Global following its $5.6 billion acquisition of JLT, although its outlook is negative. Following an in depth business and financial review, S&P believes Marsh will likely be committed to and able to de-lever back to a range ... Read the full article
Ategrity receives ‘A-‘ rating from A.M. Best, launches P&C offering
27th September 2018
Ategrity Specialty Insurance Company, a specialty property and casualty (P&C) insurer with a focus on the excess and surplus (E&S) lines market, has received an A- (Excellent) VIII financial strength rating from A.M. Best, and will begin offering insurance immediately. Former Scottsdale Insurance President Mike Miller originally announced in April 2018 ... Read the full article
Athene eyes strengthened product distribution after S&P ratings boost
21st August 2018
Athene Holding, one of Bermuda's leading retirement services companies, has seen its operating companies’ credit rating boosted from A- to A by global ratings firm S&P Global, which Chief Executive Jim Belardi believes will benefit the company’s product distribution and accelerate growth. “This upgrade reflects our stellar financial results and will ... Read the full article
Capitalisation remains a strength for top global reinsurers: S&P
16th August 2018
Robust capitalisation continued to underpin global reinsurers’ strength over 2017 despite a lower cushion, with top companies likely to regain their ‘AAA’ capitalisation rating if 2018 is an average catastrophe year, according to a new report by S&P Global Ratings. In 2017, the top 20 global reinsurers lost their capital redundancy ... Read the full article
A.M. Best gives Markel’s German insurance subsidiary A rating
30th July 2018
Global rating agency A.M. Best has assigned Markel Corporation's new German insurance subsidiary an A financial strength rating. Markel announced recently that the German federal financial supervisory authority, BaFin, had granted the firm a license to establish an insurance company in the country, called Markel Insurance SE (MISE). Markel explained at the time that the new subsidiary ... Read the full article
Sompo International’s Lexon and Bond Safeguard subsidiaries upgraded
24th July 2018
A.M. Best has upgraded the financial strength rating of Sompo International Holdings Ltd. subsidiaries, Lexon Insurance Company and Bond Safeguard Insurance Company, from B++ (Good) to A+ (Superior), and the Long-Term Issuer Credit Ratings from “bbb” to “aa-”, with a stable outlook. The two firms were previously subsidiaries of Lexon Surety Group LLC, before being acquired ... Read the full article
Fitch suggests large reinsurers can better withstand market challenges
10th July 2018
Fitch Ratings recently affirmed its stable outlook and ‘AA-‘ Insurer Financial Rating (IFR) for European reinsurance giants Swiss Re and SCOR, reasoning that the scale of the companies allows them to better withstand current market challenges. The rating agency recognised that both companies currently had very strong business profiles within the ... Read the full article
PartnerRe rating outlook positive: A.M. Best
18th June 2018
A.M. Best has announced a readjustment of PartnerRe’s rating outlook from stable to positive, placing the Financial Strength Rating (FSR) at A and the Long-Term Issuer Credit Ratings (Long-Term ICR) at A+ for the majority of the firm’s subsidiaries. Additionally, Best has increased the PartnerRe American and Canadian Life Reinsurance Companies’ ... Read the full article
Italy’s rising sovereign risks threaten major insurer ratings: Moody’s
6th June 2018
Moody’s Investors Service has placed Italian insurers Allianz S.p.A (Allianz Italy) and Unipol Gruppo S.p.A. (UG) on review for downgrade as the country faces a financial crisis following the election of a Eurosceptic coalition government. The announcement follows Moody's decision to place the Italian government's Baa2 debt rating under review for ... Read the full article
S&P upgrades Sompo International’s core operating subsidiaries to A+
1st May 2018
S&P Global Ratings has upgraded its long-term issuer credit and financial strength ratings for Sompo International Holdings’ (SIH) core operating companies, from A to A+. SIH and its operating subsidiaries are also considered to have a stable outlook, and S&P raised its long-term issuer credit and senior debt ratings on SIH ... Read the full article
Florida Specialty rated after loss portfolio transfer and reinsurance with Sirius
5th April 2018
Florida Specialty Insurance Company has been assigned a Financial Stability Rating (FSR) of A, Exceptional, following the implementation of a new action plan that includes a loss portfolio transfer and reinsurance programme with Sirius America Insurance Company. The loss portfolio transfer applies to Florida Specialty’s net losses, while the reinsurance relates ... Read the full article
Spain’s re/insurers to benefit from GDP growth, improved sovereign outlook: S&P
4th April 2018
The Spanish insurance and reinsurance sector is set to benefit from an improving economic outlook for the country, as GDP growth and an improved sovereign outlook flow through to re/insurers, according to Standard & Poor's. Rating agency S&P has upgraded the Spanish sovereign credit ratings to 'A-' from 'BBB+' on economic ... Read the full article
European re/insurers stable despite intensely competitive market: A.M. Best
2nd February 2018
Western European re/insurers enjoy stable ratings and an operating environment that's showing signs of picking up as economic activity increases across the Eurozone, but players are still walking the tightrope of a saturated and highly competitive, pressurised market. Despite limited growth prospects and a continued backdrop of low investment returns, A.M. ... Read the full article
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