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.
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
Moody’s Ratings assigns Marco Re with A3 IFSR and stable outlook
15th July 2025
Credit ratings agency Moody’s Ratings has assigned an A3 insurance financial strength rating (IFSR) to Marco Re Limited, a Guernsey domiciled reinsurer focused on non-life run-off insurance portfolios, with a stable outlook. Moody’s explained that the stable outlook reflects the expectation that the group will maintain its strong financial profile, ... Read the full article
S&P upgrades Arch Capital’s re/insurance subsidiaries ratings to ‘AA-‘ with stable outlook
1st July 2025
Earnings diversity and robust capital has led S&P to upgrade its long-term issuer and financial strength ratings on Arch’s core re/insurance subsidiaries to ‘AA-’ from ‘A+’ and issuer credit rating on the holding company, Arch Capital Group Ltd., to ‘A’ from ‘A-’. The credit rating agency also assigned a stable outlook ... Read the full article
Chinese non-life insurance sector shows resilience amidst market challenges: Fitch Ratings
30th June 2025
Fitch Ratings, a credit rating agency, reports that China’s non-life insurance sector continues to exhibit strong financial stability, which has supported consistent growth in premiums and improved underwriting outcomes during the first quarter of 2025. According to Fitch Ratings, despite ongoing challenges related to tariff-driven trade tensions, the sector has benefited ... Read the full article
S&P upgrades Convex Group entities credit ratings, assigns stable outlook
26th June 2025
S&P Global Ratings has raised the financial strength ratings on re/insurer Convex group's operating companies to 'A' from 'A-', and assigned a stable outlook. The companies include: Convex Re Ltd., Convex Insurance UK Ltd., Convex Guernsey Ltd., and Convex Europe S.A. Convex has shown significant growth since launching in late 2019, ... Read the full article
France’s insurance sector expected to maintain profitability and growth in 2025: S&P
26th June 2025
According to a report released by S&P Global Ratings, a provider of credit ratings, the French insurance industry is well positioned to sustain both profitability and moderate growth over the coming years. Despite economic headwinds and rising claims costs, the sector continues to demonstrate adaptability, supported by prudent financial management and ... Read the full article
Moody’s upgrades ratings of AIG P&C subsidiaries with stable outlook
18th June 2025
Credit ratings agency, Moody's Ratings, has upgraded the insurance financial strength ratings of global insurer AIG's major property & casualty (P&C) subsidiaries in the US, UK and Europe to A1 from A2, with the outlook revised to stable from positive. According to Moody’s, the upgrade of AIG and its flagship US ... Read the full article
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