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.
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
Hannover Re’s Glencar Insurance receives A+ rating from A.M. Best
14th February 2019
Glencar Insurance Company (GIC), a newly established subsidiary of German reinsurer Hannover Re, has received a financial strength rating of A+ (Superior) from A.M. Best. The rating agency also assigned GIC a long-term issuer credit rating of “aa”, in addition to a stable outlook. A.M. Best explained that the ratings reflected GIC’s ... Read the full article
S&P maintains stable outlook on U.S health in 2019
10th January 2019
S&P Global Ratings has maintained a stable outlook on the U.S health insurance sector for 2019, with a combination of favourable business conditions and financial factors offsetting key concerns and risks. Analysts noted that strong payroll employment continues to bolster the commercial segment, with the ageing U.S population driving Medicare Advantage ... Read the full article
Negative outlook placed on Brazil reinsurance market: A.M. Best
14th December 2018
Brazil’s reinsurance market has been given a negative market segment outlook by AM Best, with the rating agency citing persistent macroeconomic and political uncertainty; a declining interest rate environment, which has led to lower investment income; foreign exchange fluctuations; and evolving reinsurance market conditions. AM Best believes that, despite the negative ... Read the full article
Hamilton’s investments with Two Sigma help generate consistent net income: KBRA
13th December 2018
Kroll Bond Rating Agency (KBRA) has assigned a stable outlook and an insurance financial strength rating (IFSR) of A to Bermudian property and casualty (P&C) reinsurer Hamilton Re, citing the strengths of its investment fund. The company’s TS Hamilton Fund is managed by Two Sigma and has allowed Hamilton Re to ... Read the full article
AIG’s new European post-Brexit carriers receive stable ratings
30th November 2018
Moody’s has assigned A2 insurance financial strength (IFS) ratings and stable outlooks to American International Group’s (AIG) new post-Brexit European carriers, AIG UK Limited and Luxembourg-based AIG Europe S.A. (AESA). AIG recently formed these units in order to ensure continuity of service for it its European policyholders and business partners once ... Read the full article
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
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
