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 places Next Insurance’s ratings under review following Munich Re acquisition
26th March 2025
Credit rating agency AM Best has placed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Next Insurance US Company (Next US) under review with positive implications. This follows the definitive agreement, signed on March 19, 2025, between Munich Re and Next ... Read the full article
European insurers poised to benefit from rising government bond yields: Fitch
18th March 2025
Fitch Ratings, a credit rating agency, indicated on March 14, 2025, that the increase in government bond yields, driven by elevated defence spending, is likely to positively impact most European insurers. The rise in yields typically enhances profitability by allowing insurers to invest premiums at higher rates, while the steepening yield ... Read the full article
AM Best highlights shifts in US P&C insurer ratings
17th March 2025
A new report from AM Best, a credit rating agency specialising in the insurance industry, reveals that US property and casualty (P&C) insurer rating downgrades declined to 43 in 2024, down from 55 the previous year, despite persistent challenges in the personal lines sector. The report, titled "US Property/Casualty: Rating Upgrades ... Read the full article
AM Best revises issuer credit rating outlook to positive for Arch Capital
10th March 2025
AM Best has revised the outlooks to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICRs) for Arch Capital Group Ltd. and its subsidiaries. The credit rating agency also affirmed the global re/insurer’s Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICRs of “aa-” (Superior) of Arch ... Read the full article
AM Best assigns credit ratings to Popular Re with stable outlook
10th March 2025
AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb” (Good) to Puerto Rican reinsurer Popular Re, with a stable outlook. The ratings reflect AM Best's assessment of Popular Re's strong balance sheet, adequate operating performance, limited business profile, and appropriate enterprise ... Read the full article
Cavello Bay Re receives A (Excellent) financial strength rating from AM Best
7th March 2025
AM Best, the credit rating agency, has assigned Cavello Bay Reinsurance Limited, a subsidiary of Enstar Group Limited based in Bermuda, a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent), while both ratings come with a stable outlook. These ratings reflect Cavello Bay’s robust ... Read the full article
Fitch revises SiriusPoint outlook to positive
7th March 2025
Fitch Ratings, the global ratings agency, has revised the outlook for Bermuda-domiciled insurer and reinsurer SiriusPoint to positive from stable, while the Long-Term Issuer Default Rating (IDR) has been affirmed at 'BBB', the senior debt rating at 'BBB-' and its Insurer Financial Strength (IFS) rating at 'A-' (Strong) for SPNT's ... Read the full article
Fitch upgrades outlook for MAPFRE to positive
7th March 2025
Fitch Ratings, a credit rating agency, has upgraded the outlook for MAPFRE, a multinational insurance company, from Stable to Positive. Additionally, Fitch has affirmed MAPFRE’s issuer rating at A- and the Group’s financial strength rating at A+. "The positive outlook reflects the improvement in MAPFRE’s financial results and earnings. The ratings also ... Read the full article
Moody’s downgrades RGA’s outlook following Equitable reinsurance agreement
28th February 2025
Moody's Ratings (Moody's) has affirmed the ratings of Reinsurance Group of America (RGA) and changed its outlook to negative from stable. According to the agency, the negative outlook “reflects the company's reduced financial flexibility and the financial strain on RGA's capital adequacy to fund the transaction with Equitable and its new ... Read the full article
S&P revises AXA’s outlook to positive, affirms key ratings
25th February 2025
S&P Global Ratings, a provider of credit ratings, research, and risk analysis, has revised its outlook on AXA Group, an insurance and asset management company based in France, from stable to positive, reflecting the carrier's anticipated profitability growth and capital-light strategy. Additionally, S&P affirmed its 'AA-' long-term insurer financial strength and ... Read the full article
AM Best revises Mercury’s outlook to negative following LA wildfire losses
20th February 2025
Credit rating agency AM Best has revised the outlooks to negative from stable for Mercury General Corporation and its subsidiaries following significant losses from the recent California wildfires. The fires, which began on January 7, 2025, are estimated to cost Mercury General between $1.6 billion and $2 billion in gross losses. The ... Read the full article
AM Best assigns ratings to SoteriaRe
17th February 2025
AM Best has assigned Soteria Reinsurance Ltd. a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent), with a stable outlook. Soteria Re, launched in 2023, is an incorporated Class C insurer registered in Bermuda with focus on the US retail fixed annuities and ... Read the full article
AM Best revises outlook to positive for IAT Re and most operating subsidiaries
11th February 2025
AM Best, the credit rating agency, has revised the outlook for IAT Reinsurance Company Ltd. (IAT Re) (Cayman Islands) to positive from stable. The Financial Strength Rating (FSR) of A- (Excellent) and Long-Term Issuer Credit Rating (Long-Term ICR) of "a-" (Excellent) have been affirmed for the firm. Concurrently, AM Best has revised ... Read the full article
AM Best removes SCOR’s ratings from under review
23rd January 2025
AM Best has removed SCOR's ratings from under review with developing implications following the completion of its impact assessment of the French reinsurer's life reserving review. The rating agency has additionally affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of SCOR ... Read the full article
SanlamAllianz Re assigned “Excellent” credit ratings from AM Best with stable outlook
22nd January 2025
Pan-African reinsurer SanlamAllianz Re Ltd (SAZ Re) has been assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent), both with a stable outlook by AM Best. This positive assessment highlights SAZ Re's financial standing, with AM Best acknowledging the company's strong balance sheet, ... Read the full article
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