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 credit ratings of GIC Re, shifts outlook to stable
14th October 2024
Global credit rating agency AM Best has upgraded and revised the credit rating outlooks for Indian public sector reinsurer, General Insurance Corporation of India (GIC Re), to stable from positive. Specifically, AM Best has upgraded the reinsurer's Financial Strength Rating to A- (Excellent) from B++ (Good), and the Long-Term Issuer Credit ... Read the full article
Moody’s upgrades Swiss Re Corporate Solutions Brasil Seguros’ IFSR
9th October 2024
Moody’s Ratings has upgraded Swiss Re Corporate Solutions Brasil Seguros’ (SRCSB) financial strength rating (IFSR) to Baa2 from Baa3 and changed its rating outlook to stable from positive. This rating action follows Moody’s upgrade of the Government of Brazil's bond rating to Ba1 from Ba2, which also maintained a positive outlook. According ... Read the full article
AM Best assigns ratings to AVLA Re, company plans to begin reinsuring third-parties
4th October 2024
Ratings agency AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” (Good) to AVLA Re Ltd. (AVLA Re) (Bermuda), with the outlook assigned to these ratings being stable. The agency noted that the ratings of AVLA Re reflect its balance sheet strength, ... Read the full article
Hub International Limited’s corporate family assigned B2 rating by Moody’s
3rd October 2024
Moody’s Ratings has upgraded Hub International Limited’s corporate family rating to B2 from B3, with a stable outlook, as well as its probability of default rating to B2-PD from B3-PD. According to the agency, this upgrade was based on the company’s steady credit metrics and Moody’s expectation that Hub will maintain ... Read the full article
Hurricane Helene unlikely to impact FHCF or Citizens ratings, but may trigger NFIP reinsurance: Fitch
3rd October 2024
Hurricane Helene is not likely to affect credit ratings for property & casualty re/insurers, Citizens Property Insurance or the Florida Hurricane Catastrophe Fund (FHCF), but could trigger the National Flood Insurance Program's (NFIP) catastrophe reinsurance, according to Fitch Ratings. The global rating agency has based its assessment on an initial estimate ... Read the full article
Africa Specialty Risks secures BBB+ credit rating with positive outlook from Fitch
23rd September 2024
Fitch Ratings has assigned Africa Specialty Risks (ASR), a pan-African and Middle East focused re/insurance group a BBB+ long term Insurer Financial Strength (IFS) Rating with a positive outlook to ASR Re. According to Fitch, ASR Re’s ratings reflect its very strong capitalisation and low leverage. Additionally, the reinsurer’s expanding business volumes ... Read the full article
AM Best updates credit ratings and outlook for Arab Re to stable
10th September 2024
Global credit ratings agency AM Best has updated the outlook of Lebanon-domiciled Arab Reinsurance Company SAL (Arab Re) to stable reflecting the firm’s strong balance sheet strength, adequate operating performance, limited business profile, and marginal enterprise risk management. The ratings agency has also upgraded the Financial Strength Rating to B (Fair) ... Read the full article
Moody’s assigns A1 IFSR to SCOR & entities, outlook retained at stable
6th September 2024
Global ratings agency Moody’s Ratings has affirmed the A1 insurance financial strength ratings (IFSR) of French reinsurer SCOR and its key operating entities, with the outlook on all retained at stable. Simultaneously, all debt ratings were also affirmed by Moody’s. Despite rebalancing its underwriting portfolio, SCOR has maintained the strength of ... Read the full article
Active Re credit ratings affirmed by AM Best
3rd September 2024
Global rating agency AM Best has affirmed its “A” (Excellent) Financial Strength Rating (FSR) and its “a” (Excellent) Long-Term Issuer Credit Rating (ICR), both with a stable outlook, for Active Capital Reinsurance, Ltd. (Active Re). The rationale behind these ratings is the firm's balance sheet strength, which is assessed as strongest ... Read the full article
AM Best revises Peak Re’s outlook to stable
29th August 2024
Hong Kong-domiciled reinsurer, Peak Reinsurance Company Limited’s outlook has been revised to stable from negative by ratings agency AM Best. The revision is driven by the agency’s view of Peak Re’s ultimate parent, Fosun’s stabilised credit condition and the subdued likelihood of a potential adverse credit event at the company, which ... Read the full article
Credit ratings of Core Specialty subsidiaries upgraded by AM Best
28th August 2024
As specialty insurer Core Specialty Insurance Holdings, Inc.'s product and geographical diversification continues to improve on the back of acquisitions and organic growth initiatives, AM Best has upgraded the credit ratings of its subsidiaries. The global credit rating agency has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- ... Read the full article
AM Best’s Ethio Re ratings reflect its strong balance sheet
27th August 2024
AM Best has assigned Ethiopian Reinsurance S.C. (Ethio Re) a Financial Strength Rating of B (Fair) and a Long-Term Issuer Credit Rating of “bb” (Fair) with a stable outlook. Ethio Re is a small reinsurer by global standards, established in 2016. It writes a portfolio of composite reinsurance business in Ethiopia ... Read the full article
S&P assigns Enact Re A- rating as strong performance continues
22nd August 2024
Enact Re, a subsidiary of Enact Mortgage Insurance Company (EMICO), has received an A- rating from S&P Global Ratings, with a stable outlook. This is the first rating assigned to Enact Re by S&P and the second rating since its launch, which underscores continued strong performance, Enact stated. Rohit Gupta, Enact’s President ... Read the full article
Moody’s upgrades Talcott Financial Group & subsidiaries outlook to positive
16th August 2024
Moody’s Ratings has upgraded the insurance financial strength (IFS) ratings of Talcott Resolution Life Insurance Company and Talcott Resolution Life and Annuity Insurance Company from Baa2 to Baa1. The company also upgraded the senior unsecured debt rating of Talcott Resolution Life, Inc. and the issuer rating of Talcott Financial Group, Ltd. ... Read the full article
AM Best issues FSR and credit ratings for Martello Re
12th August 2024
AM Best, a credit rating agency, has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Martello Re Limited, an insurance and reinsurance company based in Hamilton, Bermuda, the outlook for these ratings is stable. Martello Re’s robust balance sheet strength is ... Read the full article
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