Reinsurance News
S&P Global Ratings
GCC insurers’ credit conditions hold steady amid Middle East conflict: S&P
18th March 2026
S&P Global Ratings, the international credit rating agency, has stated that insurers across the Gulf Cooperation Council (GCC) are likely to maintain stable credit conditions despite the ongoing conflict in the Middle East. The agency underscores that its assessment is shaped by considerable uncertainty regarding how long the conflict will last ... Read the full article
Reinsurance sector on track to exceed cost of capital for third consecutive year: S&P
5th February 2026
S&P Global Ratings expects most reinsurers to remain well within their annual natural catastrophe budgets and deliver solid results for full-year 2025, noting that the sector is on track to exceed its cost of capital for the third consecutive year (2023–2025) and into 2026. In its Global Reinsurance Sector View 2026, ... Read the full article
EMEA emerging market insurers to maintain momentum through 2026: S&P
29th January 2026
Momentum for insurers across EMEA emerging markets is set to continue, even as geopolitics and trade tensions remain the primary risks for these credit conditions, according to Tatiana Grineva, Director Insurance Ratings, S&P. Grineva, during S&P’s ‘EMEA Emerging Markets Credit Outlook For Insurers 2026’ event, highlighted the sector's remarkable staying power. The ... Read the full article
S&P cites strengthened competitive position as Lancashire ratings upgraded to ‘A’
19th December 2025
Bermuda-based global insurer and reinsurer, Lancashire Holdings Limited, has reported that rating agency S&P Global Ratings has lifted its long-term issuer credit and financial strength ratings on the firm's core re/insurance operating subsidiaries to 'A' from 'A-'. At the same time, S&P Global Ratings has raised its long-term issuer credit rating ... Read the full article
Pressures for cyber re/insurers in mature markets but opportunities exist in other regions: S&P
10th December 2025
According to new analysis by S&P Global Ratings, cyber re/insurers face pricing pressure and increased competition in mature markets, especially the US, although growth opportunities exist in under-penetrated regions and from small and mid-sized enterprises. S&P has assigned a stable outlook on the global cyber insurance industry, driven by its sound ... Read the full article
Hong Kong fire to add pressure to P&C sector’s earnings: S&P
4th December 2025
A new review by S&P Global Ratings notes that losses from the recent destructive fire at a Hong Kong residential complex are likely to further strain the underwriting performance of the territory’s property and casualty (P&C) insurance industry. Hong Kong’s P&C sector is expected to see its net combined ratio rise ... Read the full article
S&P lifts Africa Re ratings to ‘A’ due to consistent strong performance
1st December 2025
S&P Global Ratings has raised the long-term issuer credit and insurer financial strength ratings for African Reinsurance Corp. (Africa Re) and its South African subsidiary, African Reinsurance Corp. (South Africa) Ltd., to 'A' from 'A-', driven by its long track record of strong operating performance while managing foreign currency risks ... Read the full article
S&P revises Saudi Re’s outlook to positive
26th November 2025
S&P Global Ratings has revised Saudi Re’s outlook to positive from stable citing improved performance indicators, mainly the company’s strengthening competitive position and robust capital buffers. The rating agency also affirmed its 'A-' long-term issuer credit and insurer financial strength ratings and 'gcAAA' Gulf Cooperation Council regional scale rating on the ... Read the full article
S&P expects continued expansion of PRT market
21st November 2025
S&P Global Ratings anticipates that the transfer of pension risks to the life insurance industry will continue to grow over the next decade, noting that insurers’ robust capital buffers and prudent mortality assumptions are limiting downside rating risks. S&P’s recent report, “Insuring Longevity Risk In An Aging World,” stated that for ... Read the full article
European insurers approach 2026 with cautious confidence: S&P
20th November 2025
S&P Global Ratings, a provider of credit ratings and sector research, has released its latest assessment, European Insurance Outlook 2026: Partly Cloudy, offering a largely constructive view of how insurers are positioned for the year ahead while acknowledging several risks that could influence performance. According to S&P Global Ratings, favourable financing ... Read the full article
S&P upgrades IGI’s financial strength rating to “A”
29th October 2025
S&P Global Ratings has upgraded the financial strength rating of International General Insurance Holdings Ltd. (IGI) to “A” from “A-”. The rating applies to IGI’s three subsidiaries: International General Insurance Co. Ltd. (Bermuda) (IGI Bermuda), International General Insurance Company (UK) Ltd., and International General Insurance Co. (Europe) Ltd. S&P also upgraded the ... Read the full article
S&P upgrades VIG’s outlook to positive on earnings growth and diversification
23rd October 2025
S&P Global Ratings has revised the outlook of Vienna Insurance Group (VIG) and its core subsidiary VIG RE to positive from stable, while affirming its A+ insurer financial strength and issuer credit ratings. The rating agency noted that VIG has made significant progress in diversifying its business and expanding its scale ... Read the full article
Private credit gains traction in insurers’ investment portfolios: S&P
13th October 2025
S&P Global Ratings, a provider of credit ratings, research, and analytics, reports that private credit is increasingly becoming a significant part of North American insurance companies’ investment portfolios. According to S&P, this shift reflects broader trends within the financial services industry, where insurers and other fixed-income investors are turning to private ... Read the full article
S&P upgrades Milli Re’s outlook to positive
6th October 2025
S&P Global Ratings, an international credit rating agency, has upgraded its outlook on Milli Reinsurans T.A.S. (Milli Re) to positive from stable, while reaffirming the company’s long-term issuer credit and insurer financial strength ratings at ‘B’, additionally, S&P raised Milli Re’s national scale rating in Turkiye from ‘trBBB+’ to ‘trA’. According ... Read the full article
S&P Global Ratings upgrades SiriusPoint outlook to positive
3rd October 2025
Credit rating agency S&P Global Ratings has upgraded its outlook on SiriusPoint Ltd. and its operating subsidiaries from Stable to Positive. The upgrade reflects the Company’s consistent underwriting profits over the past two and a half years and a significantly reduced overall risk profile. In August, the re/insurer posted a rise ... Read the full article
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