Reinsurance News
S&P Global Ratings
S&P upgrades QBE’s ratings on improved underwriting and pricing discipline
23rd May 2025
S&P Global Ratings has raised its long-term issuer credit rating on QBE Insurance to 'A' from 'A-', and has also raised the issuer credit and financial strength ratings on its core operating entities to 'AA-' from 'A+'. According to S&P, the upgrade reflects its view that QBE’s earnings resilience has strengthened, ... Read the full article
S&P cites Bermuda’s key insurance industry as islands sovereign ratings affirmed
14th May 2025
S&P Global Ratings has affirmed Bermuda’s long-term sovereign credit rating at 'A+' and its short-term rating at 'A-1', with a stable outlook. This reflects expectations of a steady macroeconomic environment underpinned by strong institutional frameworks, prudent fiscal policy, and a high-income economy. The stable outlook indicates S&P's view that Bermuda will maintain ... Read the full article
S&P downgrades State Farm General Insurance credit ratings on weak underwriting & wildfire impact
14th May 2025
S&P Global Ratings has lowered State Farm General Insurance’s (SFGI) financial strength and issuer credit ratings to 'A+' from 'AA', citing a significant deterioration in the company’s capital regulatory solvency ratios. The ratings remain on CreditWatch with negative implications. CreditWatch is S&P’s system used to indicate that a company's credit rating ... Read the full article
Cyber insurance premiums stabilise in 2025, but market penetration remains below 10% for SMEs: S&P
14th May 2025
Cyber insurance is progressing toward maturity, but key challenges remain, according to insights shared during a recent webinar hosted by S&P Global Ratings, a provider of credit ratings, research, and risk analysis. During the session, titled “The Changing Face of Cyber Insurance,” a panel of S&P Global Ratings analysts and industry ... Read the full article
S&P revises outlook to positive for MS Amlin and MS Amlin Insurance on improved performance
2nd May 2025
S&P Global Ratings, a provider of credit ratings and financial market insights, upgraded its outlook for MS Amlin AG (operating as MS Reinsurance) and MS Amlin Insurance SE (MS AISE) from "stable" to "positive." This revision reflects the entities' improved operational performance and the strategic developments within the MS&AD Insurance Group. S&P ... Read the full article
North American insurers poised to withstand current market volatility: S&P
11th April 2025
North American insurers’ robust capital and liquidity buffers will allow them to withstand the current market volatility, including tariff-related downturns, without an immediate impact to ratings or outlooks, S&P Global Ratings highlighted in a recent report. Global markets were significantly impacted by the US administration's announcement of sweeping tariffs and the ... Read the full article
Reinsurers to weather tariff-induced market volatility with minimal impact: S&P
11th April 2025
Global reinsurers will experience only a minor impact from declines in global equity markets triggered by tariffs and counter-tariffs imposed by the U.S. and other nations, thanks to their conservative investment strategies, says S&P. Last week, President Trump introduced a broad tariff plan that aimed to reshape global trade dynamics and ... Read the full article
S&P upgrades Global Atlantic’s ratings on strong capital
8th April 2025
S&P Global Ratings has raised the financial strength and issuer credit ratings of Global Atlantic Financial Group's (GAFG) operating insurance entities to 'A' from 'A-', assigning a stable outlook. Concurrently, the credit rating agency also upgraded the holding company's rating to 'BBB' from 'BBB-'. The rating upgrades reflect GAFG's strengthened capital adequacy ... Read the full article
S&P highlights potential for RenaissanceRe rating upgrade
2nd April 2025
S&P Global Ratings revised its outlook on RenaissanceRe Holdings Ltd. (RenRe) and its subsidiaries from stable to positive, reflecting the potential for a one-notch upgrade within the next 12 to 24 months if the Bermuda-based reinsurer maintains excellent capitalisation and positive results. S&P also affirmed its 'A-' issuer credit ratings on ... Read the full article
Korean wildfires will prompt insurers to strengthen cat insurance: S&P
1st April 2025
South Korea's worst wildfire in history could prompt insurers to strengthen their risk management and underwriting expertise, and to potentially seek more protection through reinsurance, as the event could make individuals seek more protection against catastrophe and weather-related events, according S&P Global Ratings analysts. "South Korea's wildfires will lead to moderately ... Read the full article
LA wildfires an earnings event that will mostly affect US renewals: S&P
21st March 2025
Despite significant losses from the California wildfires in January 2025, S&P Global Ratings considers it an earnings event and expects it to mostly affect US renewals rather than global markets, according to Taoufik Gharib, Director & Lead Analyst, Reinsurance Ratings. Speaking during S&P’s Fourth Quarter U.S. Insurance Webinar, Gharib noted that ... Read the full article
S&P revises AXA’s outlook to positive, affirms key ratings
25th February 2025
S&P Global Ratings, a provider of credit ratings, research, and risk analysis, has revised its outlook on AXA Group, an insurance and asset management company based in France, from stable to positive, reflecting the carrier's anticipated profitability growth and capital-light strategy. Additionally, S&P affirmed its 'AA-' long-term insurer financial strength and ... Read the full article
HDI Global SE’s financial strength rating upgraded to AA- by S&P Global Ratings
13th February 2025
S&P Global Ratings has upgraded the credit ratings of HDI Global SE, Talanx Primary Insurance Group, and their subsidiaries from “A+” (Strong) to “AA-” (Very Strong), with a stable outlook. This positive adjustment also applies to the Talanx Primary Insurance Group, reflecting the consistent enhancement of HDI Global SE’s balance sheet ... Read the full article
S&P upgrades Talanx Group and subsidiaries’ credit ratings
6th February 2025
S&P Global Ratings has upgraded the credit ratings of Talanx Primary Insurance Group and its core primary insurance subsidiaries from “A+” (Strong) to “AA-” (Very Strong). The upgrade applies to several Talanx Group companies, including HDI Haftpflichtverband der Deutschen Industrie V.a.G., Talanx AG, HDI Global Insurance Co., HDI Global Network AG, ... Read the full article
Reinsurance capacity strong despite rising cats and adverse casualty trends: S&P
31st January 2025
Bolstered capital from strong earnings in 2024 led to ample capacity and strong reinsurer capital positions, contributing to a more orderly renewal season despite ongoing challenges from natural catastrophes and adverse casualty trends, according to a recent S&P report. “The January 1, 2025, reinsurance renewals marked a return to normalcy after ... Read the full article
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