Reinsurance News
S&P Global Ratings
S&P assigns ‘A’ rating to BWS’ North End Re Ltd. (Bermuda)
3rd October 2025
S&P Global Ratings has assigned a ‘A-' financial strength and long-term issuer credit ratings, with a stable outlook, to North End Re Bermuda Ltd. (NERB), a Bermuda-based entity of Brookfield Wealth Solutions (BWS). NERB is considered to be highly strategic to the BWS group, mainly due to the company’s role in ... Read the full article
Radian’s acquisition of Inigo to increase diversification & growth opportunities: S&P
23rd September 2025
S&P Global Ratings has indicated that Radian’s recent $1.7 billion acquisition of Lloyd’s specialty insurer Inigo could enhance the diversification of its business and create growth opportunities that are currently constrained within its U.S. mortgage insurance operations. Following the announcement, S&P has placed its 'BBB-' rating on Radian and its ... Read the full article
Vantage secures A- rating from S&P
16th September 2025
The core operating re/insurance entities of specialty carrier Vantage Group Holdings Ltd. have secured a financial strength rating of 'A-' from S&P Global Ratings, with a stable outlook. The ratings agency has assigned its 'A-' long-term issuer credit and financial strength ratings to Vantage Risk Ltd. (VRL), Vantage Risk Specialty Insurance ... Read the full article
UK insurers confront shifting market conditions: S&P
12th September 2025
UK insurers are navigating a landscape shaped by economic uncertainty, regulatory changes, and industry consolidation, according to a recent assessment by S&P Global Ratings. The credit rating agency sees both growth prospects and structural challenges across the life and property and casualty markets (P&C). S&P noted demand in the life insurance sector ... Read the full article
Swiss Re overtakes Munich Re as top reinsurer by 2024 GPW: S&P
4th September 2025
S&P Global Ratings has released its ranking of the top 40 global reinsurers based on year-end 2024 gross reinsurance premiums written (GPW), with Swiss Re taking the top spot at $43.1 billion, overtaking Munich Re from last year. For reinsurance companies reporting under IFRS 17 that do not publish GPW—such as ... Read the full article
S&P reports MGA growth creates both opportunities and threats for reinsurers
4th September 2025
Reinsurers’ growing reliance on managing general agents (MGAs) represents both opportunity and risk, S&P Global Ratings, a provider of credit ratings and financial analysis, stated ahead of RVS 2025 in Monte Carlo. According to S&P, MGAs enable reinsurers to access specialist risks and distribution channels, but they also create vulnerabilities that ... Read the full article
S&P maintains stable reinsurance outlook but says pricing has passed its peak
2nd September 2025
As the industry prepares to meet in Monte Carlo for RVS 2025, S&P Global Ratings suggests that reinsurance pricing has passed its peak, likely tempering earnings prospects for global reinsurers over 2025–2026; nevertheless, the ratings agency maintains a stable outlook for the sector. The stable outlook is supported by reinsurers' robust ... Read the full article
S&P upgrades Ascot Group to BBB+ and assigns ‘A’ to Ascot Bermuda
29th August 2025
S&P Global Ratings has upgraded Ascot Group Limited, a Bermuda-based specialty re/insurance company, raising its long-term issuer credit rating to BBB+ from BBB. At the same time, S&P assigned an A long-term financial strength rating to Ascot’s main operating entity, Ascot Bermuda Limited. The outlook for both ratings is stable. According to ... Read the full article
Reinsurers’ catastrophe appetite slows in 2025 as pricing softens: S&P
28th August 2025
Although reinsurers continue to expand their natural catastrophe business, the pace of growth has slowed from last year and is expected to remain subdued in 2026 as pricing conditions soften, according to a recent report by S&P Global Ratings. In 2024, the top 19 reinsurers’ aggregate risk exposure rose 14%, but ... Read the full article
S&P upgrades The Hartford and its subsidiaries to ‘AA-’ on strengthened capital and steady results
26th August 2025
S&P Global Ratings, a provider of independent credit ratings and financial analysis, has upgraded The Hartford Insurance Group and its core subsidiaries, citing consistent results and stronger capital resiliency. The Hartford, a US insurer known for its property and casualty coverage as well as employee benefits, has seen its financial strength ... Read the full article
GCC Islamic insurers set for earnings decline in 2025 despite strong revenue growth: S&P
21st August 2025
Islamic and Takaful insurers in the Gulf Cooperation Council (GCC) are expected to see a sharp decline in earnings in 2025, despite continuing to benefit from solid revenue growth, according to S&P Global Ratings. S&P, a provider of credit ratings, research, and analytics worldwide, indicates that while the sector has strong ... Read the full article
US P&C insurance industry to remain profitable for several years: S&P
19th August 2025
The US property and casualty (P&C) insurance sector is projected to remain profitable for the next several years, driven mainly by a rapid turnaround in the private auto sector in 2024, according to a recent S&P report. Rating agency S&P’s Global Market Intelligence 2025 US Property and Casualty (P&C) Insurance Market ... Read the full article
S&P rates Liberty Mutual’s China unit ‘A-’ with stable outlook
19th August 2025
S&P Global Ratings has assigned an 'A-' local currency long-term issuer credit and financial strength rating to Liberty Insurance Co. Ltd. (Liberty China), the China-based underwriting entity of Liberty Mutual Group Inc. The outlook is stable. S&P said the rating reflects Liberty China’s strategic importance to its US-based parent, underlining the ... Read the full article
Uzbekistan launches national reinsurer in strategic move to strengthen insurance market: S&P
11th August 2025
Uzbekistan is preparing to launch its first national reinsurance company, the Reinsurance Company of Uzbekistan (RCU), in a move that international credit rating agency S&P Global Ratings describes as strategically important but highly dependent on strong capitalisation and effective execution. The initiative, intended to increase local risk retention and improve the ... Read the full article
S&P: Toa Re’s operating performance shows clear signs of recovery
23rd July 2025
S&P Global Ratings, a credit rating agency, has affirmed its A/Stable ratings on Toa Reinsurance Group’s core subsidiaries, reflecting a firm view that the group’s operating performance is improving, with signs of profitability returning after several challenging years. Toa Reinsurance Co., along with its overseas subsidiaries Toa Reinsurance Co. of America ... Read the full article
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