Reinsurance News
S&P Global Ratings
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
S&P revises MAPFRE’s outlook to positive, citing strong capital and earnings
22nd July 2025
S&P Global Ratings, a credit rating agency, has revised its outlook on the Spanish insurance group Mapfre to positive from stable, reflecting growing confidence in the group’s financial strength and earnings trajectory. The change in outlook follows S&P’s assessment that Mapfre’s capital adequacy is expected to remain strong and may consistently ... Read the full article
S&P assigns ‘A’ ratings with stable outlook to Fidelidade and Fidelidade RE
21st July 2025
S&P Global Ratings, a credit rating agency, has initiated coverage of Fidelidade – Companhia de Seguros, S.A., and its reinsurance subsidiary, Fidelidade RE – Companhia de Resseguros, S.A., assigning both entities long-term Issuer Credit Ratings (ICR) and Financial Strength Ratings (FSR) of ‘A’ with a stable outlook. S&P expects Fidelidade to ... Read the full article
European insurers positioned for strong year-end, according to S&P
18th July 2025
European insurers are expected to close the year in a solid position, supported by resilient underwriting results, robust capital buffers, and effective strategic adjustments across the sector, according to a midyear report by S&P Global Ratings, a provider of independent credit ratings, research, and analytics. In its latest publication, European Insurance ... Read the full article
S&P upgrades Arch Capital’s re/insurance subsidiaries ratings to ‘AA-‘ with stable outlook
1st July 2025
Earnings diversity and robust capital has led S&P to upgrade its long-term issuer and financial strength ratings on Arch’s core re/insurance subsidiaries to ‘AA-’ from ‘A+’ and issuer credit rating on the holding company, Arch Capital Group Ltd., to ‘A’ from ‘A-’. The credit rating agency also assigned a stable outlook ... Read the full article
S&P upgrades Convex Group entities credit ratings, assigns stable outlook
26th June 2025
S&P Global Ratings has raised the financial strength ratings on re/insurer Convex group's operating companies to 'A' from 'A-', and assigned a stable outlook. The companies include: Convex Re Ltd., Convex Insurance UK Ltd., Convex Guernsey Ltd., and Convex Europe S.A. Convex has shown significant growth since launching in late 2019, ... Read the full article
France’s insurance sector expected to maintain profitability and growth in 2025: S&P
26th June 2025
According to a report released by S&P Global Ratings, a provider of credit ratings, the French insurance industry is well positioned to sustain both profitability and moderate growth over the coming years. Despite economic headwinds and rising claims costs, the sector continues to demonstrate adaptability, supported by prudent financial management and ... Read the full article
S&P Global raises Sava Re group’s ratings to ‘A+’ following Slovenia’s sovereign upgrade
23rd June 2025
S&P Global Ratings, a credit rating agency known for assessing credit risk and financial strength across markets, upgraded Sava Re Group and its core subsidiary Zavarovalnica Sava from 'A' to 'A+' on both their long-term issuer credit and financial strength ratings. The move follows S&P Global’s earlier decision on June 6, ... Read the full article
S&P lifts ratings on Fairfax’s core re/insurance subsidiaries
20th June 2025
S&P Global Ratings has raised its long-term issuer credit and financial strength ratings on Fairfax Financial's core re/insurance operating subsidiaries, which include Odyssey Re and Allied World, to 'AA-' from 'A+'. The rating agency has additionally raised its long-term issuer credit rating on Fairfax to 'A-' from 'BBB+', and assigned a ... Read the full article
Israel’s gov-backed insurance scheme to cover majority of conflict losses
18th June 2025
S&P has indicated that Israel’s government-backed insurance scheme is expected to absorb most losses related to the conflict with Iran, and the agency does not currently anticipate taking negative rating actions on the country’s insurance or banking sectors. The Israel-Iran conflict has intensified in recent days, sparking global concerns over regional ... Read the full article
Barents Re and subsidiaries get A- ratings with stable outlook from S&P
18th June 2025
Credit rating company S&P Global Ratings has assigned independent reinsurance group, Barents Re Reinsurance Company Inc. (Cayman Islands), and two of its subsidiaries (collectively Barents Re) an 'A-' long-term issuer credit and financial strength ratings with a stable outlook. The two subsidiaries with the 'A-' long-term financial strength ratings are Barents ... Read the full article
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