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 affirms Hadron’s credit ratings and upgrades Folgate’s financial strength rating
25th June 2024
AM Best has removed from under review with positive implications and upgraded the credit ratings of Folgate Insurance Company Limited, an US and international hybrid fronting carrier, and affirmed Hadron Specialty Insurance Company’s credit ratings. Folgate’s Financial Strength Rating (FSR) was upgraded to A- (Excellent) from B (Fair) and the Long-Term ... Read the full article
S&P upgrades REVO Insurance rating to A-
21st June 2024
S&P Global Ratings has raised REVO Insurance, S.p.A.’s, an Italian insurer specialised in parametric policies and specialty lines, rating from BBB+ to A- with a stable outlook. According to the rating agency, the upgraded rating reflects the insurer’s “profitable growth across all the business lines maintaining its leadership in the Surety ... Read the full article
AM Best downgrades Sun Re Ltd’s financial strength amid balance sheet challenges
19th June 2024
Credit rating agency AM Best has downgraded the financial strength rating of reinsurer Sun Re L from B+ (Good) to B (Fair) and lowered its Long-Term Issuer Credit Rating from “bbb-” (Good) to “bb” (Fair). These Credit Ratings are now under review with negative implications following Sun Re's request to withdraw ... Read the full article
AM Best upgrades Issuer Credit Rating of PURE Specialty Exchange
19th June 2024
AM Best has upgraded the Issuer Credit Rating of PURE Specialty Exchange, citing the firm's financial flexibility, high-quality assets, and conservative investment portfolio. Spelt out, AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating (FSR) of A ... Read the full article
AM Best revises Florida Family Insurance Company outlook to stable
14th June 2024
AM Best has revised the outlooks of Florida Family Insurance Company and its subsidiary, Florida Family Home Insurance Company, from negative to stable, a move that reflects improvement in its operating performance due to more strict underwriting guidelines. Together, Florida Family Insurance Company and Florida Family Home Insurance Company, make up ... Read the full article
AM Best expects Asian Re’s underwriting and operating performance to improve
14th June 2024
AM Best, a global credit rating agency for the insurance sector, has reaffirmed Asian Reinsurance Corporation (Asian Re), a regional non-life reinsurer, with a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” (Good), both with a positive outlook. AM Best expects that Asian Re’s execution ... Read the full article
Earnix announces collaboration with Verisk ERC solution
14th June 2024
Earnix, a provider of AI-based SaaS solutions for financial services, has announced a strategic partnership with Verisk, a data analytics and technology provider. This collaboration will allow Earnix to incorporate Verisk's ISO Electronic Rating Content (ERC) into its pricing and rating platform. The integration aims to enhance accuracy, speed up delivery ... Read the full article
US P/C insurance maintains discipline in face of higher inflation: S&P
13th June 2024
S&P Global Ratings, a provider of credit risk insights, reports that as inflationary pressures rise, US property/casualty insurers navigate sector challenges while maintaining disciplined reserving practices. In response to mounting inflationary pressures, US P/C insurers adapt by maintaining disciplined reserving practices, navigating sector-specific challenges with strategic planning. S&P underscores the industry's resilience, ... Read the full article
AM Best downgrades Louisiana Farm Bureau with negative outlook
12th June 2024
AM Best has downgraded Louisiana Farm Bureau Mutual Insurance Company credit ratings and assigned them a negative outlook, a move that reflects the company’s deterioration of its key balance sheet strength. Louisiana Farm Bureau Financial Strength Rating has been downgraded to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit ... Read the full article
AM Best upgrades Issuer Credit Ratings of Coface SA’s subsidiaries
12th June 2024
AM Best has upgraded Issuer Credit Ratings of Compagnie française d’assurance pour le commerce extérieur (la Compagnie), Coface North America Insurance Company (CNAIC) and Coface Re, and assigned a stable outlook. All the companies above are subsidiaries of Coface SA, the non-operating holding company of the Coface group. The credit rating agency ... Read the full article
W. R. Berkley and subsidiaries credit ratings revised to positive by AM Best
7th June 2024
AM Best has revised outlooks to positive for W.R. Berkley Corporation and its subsidiaries, which reflects its strong balance sheet and operating performance. The Long-Term Issuer Credit Rating (Long-Term ICR) and Long-Term Issue Ratings (Long-Term IRs) of W. R. Berkley Corporation have been affirmed to positive from stable, as well as ... Read the full article
Ratings on Fairfax’s re/insurance subs upgraded on revised criteria
4th June 2024
S&P Global Ratings has upgraded Fairfax Financial Holding and its re/insurance subsidiaries, which include Odyssey Re and Allied World amongst others, on revised criteria and assigned a positive outlook. The agency raised its long-term issuer credit rating on Fairfax Financial Holdings to 'BBB+' from 'BBB'. The long-term issuer credit and financial ... Read the full article
AM Best upgrades MS Transverse Insurance Group’s ratings
3rd June 2024
AM Best has upgraded the Long-Term Issuer Credit Ratings to “a+” (Excellent) and affirmed the Financial Strength Rating of A (Excellent) of MS Transverse Specialty Insurance Company, MS Transverse Insurance Company and TRM Specialty Insurance Company, collectively referred to as MS Transverse Insurance Group (MS Transverse). According to AM Best, the ... Read the full article
AM Best downgrades ratings of Farm Bureau Mutual Insurance Company of Arkansas
31st May 2024
Credit rating agency AM Best has downgraded the credit ratings of Farm Bureau Mutual Insurance Company of Arkansas, Inc. (FBMICA), a regional insurer, due to severe weather-related losses. The Financial Strength Rating dropped from B+ (Good) to B (Fair) and the Long-Term Issuer Credit Rating from “bbb-” (Good) to “bb” (Fair), ... Read the full article
AM Best places Brookfield’s NERC ratings under review following AEL acquisition
16th May 2024
Following the recent closure of Brookfield Reinsurance’s acquisition of American Equity Investment Life Holding Company (AEL), the strategy for subsidiary North End Re (Cayman) SPC (NERC) is under review by AM Best. The rating agency has placed NERC’s credit ratings under review with developing implications, which include the company’s Financial Strength ... Read the full article
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