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.
NEXT Insurance gets A+ Superior rating from AM Best
18th September 2025
NEXT Insurance, a digital insurtech specialising in small businesses, has secured an A+ Superior rating and an AA Superior long-term rating from credit rating agency, AM Best. NEXT’s upgraded rating, according to AM Best, demonstrates its financial strength and reliability, reinforcing its ability to support entrepreneurs across a broad range of ... Read the full article
Moody’s raises AXA’s insurance financial strength rating to Aa2 with stable outlook
17th September 2025
Moody’s Ratings, a provider of credit ratings, research, and risk analysis, announced that it has upgraded the insurance financial strength rating of AXA SA to Aa2 from Aa3. AXA, an insurance and asset management group, now carries a stable outlook following the change, reflecting Moody’s view of the company’s reinforced business ... Read the full article
S&P upgrades Ascot Group to BBB+ and assigns ‘A’ to Ascot Bermuda
29th August 2025
S&P Global Ratings has upgraded Ascot Group Limited, a Bermuda-based specialty re/insurance company, raising its long-term issuer credit rating to BBB+ from BBB. At the same time, S&P assigned an A long-term financial strength rating to Ascot’s main operating entity, Ascot Bermuda Limited. The outlook for both ratings is stable. According to ... Read the full article
S&P upgrades The Hartford and its subsidiaries to ‘AA-’ on strengthened capital and steady results
26th August 2025
S&P Global Ratings, a provider of independent credit ratings and financial analysis, has upgraded The Hartford Insurance Group and its core subsidiaries, citing consistent results and stronger capital resiliency. The Hartford, a US insurer known for its property and casualty coverage as well as employee benefits, has seen its financial strength ... Read the full article
Moody’s raises Ryan Specialty’s credit ratings, outlook revised to stable
22nd August 2025
Moody’s Ratings, the credit rating agency, has upgraded Ryan Specialty, LLC, a provider of specialty insurance solutions, to reflect the company’s stronger market position and improved financial profile. Ryan Specialty’s corporate family rating was lifted to Ba3 from B1, while its probability of default rating was raised to Ba3-PD from B1-PD. Moody’s ... Read the full article
Somerset Re gets A rating from AM Best for new Bermuda life reinsurer
21st August 2025
Somerset Life Re, a new reinsurance company domiciled in Bermuda and a subsidiary of Somerset Re, has received a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Excellent) from AM Best. The ratings reflect the company’s balance sheet strength, which AM Best assesses as strong, ... Read the full article
AM Best upgrades outlook on Dunav-Re’s credit rating amid strengthened financial backing
20th August 2025
AM Best, the credit rating agency, has changed the outlook on the Long-Term Issuer Credit Rating (Long-Term ICR) of Dunav-Re a.d.o (Dunav-Re), based in Serbia, from stable to positive. At the same time, the agency affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” (Good). ... Read the full article
S&P rates Liberty Mutual’s China unit ‘A-’ with stable outlook
19th August 2025
S&P Global Ratings has assigned an 'A-' local currency long-term issuer credit and financial strength rating to Liberty Insurance Co. Ltd. (Liberty China), the China-based underwriting entity of Liberty Mutual Group Inc. The outlook is stable. S&P said the rating reflects Liberty China’s strategic importance to its US-based parent, underlining the ... Read the full article
AM Best revises credit ratings for Milli Re, citing improved capital position and economic stability
18th August 2025
AM Best, a credit rating agency focused on the insurance industry, has upgraded the credit ratings of Millî Reasürans Türk Anonim Şirketi (Milli Re), a Türkiye-based reinsurance company. The Financial Strength Rating (FSR) has been raised from C+ (Marginal) to C++ (Marginal), and the Long-Term Issuer Credit Rating (Long-Term ICR) has ... Read the full article
AM Best upgrades outlook on WAICA Re to positive, ratings affirmed
13th August 2025
AM Best has revised the outlook for WAICA Reinsurance Corporation PLC (WAICA Re) to positive from stable, while affirming the company’s Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair). According to AM Best, the revised outlook reflects growing confidence in WAICA Re’s ability ... Read the full article
Moody’s raises KlaptonRe’s financial strength rating to Caa1, outlook remains stable
11th August 2025
Moody’s Ratings has upgraded Klapton Reinsurance Limited’s (KlaptonRe) Insurance Financial Strength Rating (IFSR) to Caa1 from Caa2, while maintaining a stable outlook. According to Moody’s, the upgrade reflects KlaptonRe’s significant growth in business and assets outside of Zambia, which has lessened its exposure to the local operating environment and to risks ... Read the full article
AM Best upgrades credit ratings of Somerset Re on enhanced market position
1st August 2025
AM Best has upgraded the credit ratings of Somerset Reinsurance Ltd. and Somerset Reinsurance Company (SRC), citing their balance sheet strength, adequate operating performance, and ability to execute their business plan. The rating agency has upgraded the Financial Strength Ratings of Somerset Re and SRC to A from A-, and the ... Read the full article
S&P: Toa Re’s operating performance shows clear signs of recovery
23rd July 2025
S&P Global Ratings, a credit rating agency, has affirmed its A/Stable ratings on Toa Reinsurance Group’s core subsidiaries, reflecting a firm view that the group’s operating performance is improving, with signs of profitability returning after several challenging years. Toa Reinsurance Co., along with its overseas subsidiaries Toa Reinsurance Co. of America ... Read the full article
AM Best downgrades Bermuda-based Berking Re credit ratings
22nd July 2025
AM Best has downgraded the credit ratings of Berking Re Limited, a Bermuda-based reinsurance company, citing concerns over the weakened credit fundamentals and the heightened contagion risk from its parent company, PFY Cayman. Berking Re’s Financial Strength Rating was lowered to C+ (Marginal) from B- (Fair) and the Long-Term Issuer Credit ... Read the full article
S&P assigns ‘A’ ratings with stable outlook to Fidelidade and Fidelidade RE
21st July 2025
S&P Global Ratings, a credit rating agency, has initiated coverage of Fidelidade – Companhia de Seguros, S.A., and its reinsurance subsidiary, Fidelidade RE – Companhia de Resseguros, S.A., assigning both entities long-term Issuer Credit Ratings (ICR) and Financial Strength Ratings (FSR) of ‘A’ with a stable outlook. S&P expects Fidelidade to ... Read the full article
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