Reinsurance News
S&P Global Ratings
Global multiline insurers’ earnings near peak levels in 2025: S&P
14th May 2026
S&P Global Ratings, the financial research and credit ratings agency, said the world’s largest global multiline insurers continued to post strong financial performances in 2025, supported by disciplined underwriting, solid investment returns, and resilient capital positions. In a new report, the company said the 15 global multiline insurers (GMIs) it rates ... Read the full article
Insurers seen as broadly resilient under severe climate disaster stress tests: S&P
6th May 2026
S&P Global Ratings, a global credit rating agency that assesses the creditworthiness of organisations and financial instruments, has said the insurance sector continues to face rising losses from extreme weather, while still showing strong overall financial resilience under severe stress scenarios. In a report published on 4 May 2026 entitled Charts ... Read the full article
S&P affirms ICIEC ratings of AA-
29th April 2026
Credit ratings agency S&P Global Ratings has affirmed its long-term issuer credit and financial strength ratings at ‘AA-’ of The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group. The outlook for these ratings is stable, and ... Read the full article
EU insurers and reinsurers expand private credit exposure: S&P
23rd April 2026
S&P Global Ratings, the credit rating agency, reports that insurers and reinsurers in the European Union have been steadily increasing their allocation to private credit. The findings are presented in its Insurance Brief published on April 23, 2026, which the company notes does not constitute a rating action. S&P Global Ratings states ... Read the full article
SiriusPoint receives third ratings upgrade this year
22nd April 2026
S&P Global Ratings has upgraded SiriusPoint’s core insurance operating subsidiaries’ long-term issuer credit and financial strength ratings to 'A' from 'A-', marking the company’s third ratings upgrade this year. In addition, S&P raised SiriusPoint’s long-term issuer credit rating to ‘BBB+’ from ‘BBB’, with a stable outlook. S&P said the upgrade reflects its ... Read the full article
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
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