Reinsurance News
S&P
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
Rising demand for data centre insurance could generate $10bn in new premiums in 2026: S&P
14th April 2026
A new report from S&P has suggested that rising demand for data centre insurance coverage could generate $10 billion in new premiums in 2026, highlighting the market’s growing significance and the scale of the opportunity for the global re/insurance industry. The rating agency also indicated that annual investment in data centres ... Read the full article
Heightened risk of severe cyberattacks amid Middle East conflict: S&P
12th March 2026
According to S&P Global Ratings, cyber-risk analytics firms have reported heightened activity by threat actors and affiliated hacktivist groups since the outbreak of the Middle East war, including distributed denial-of-service attacks, phishing campaigns and attempts to compromise corporate networks and critical infrastructure. With this in mind, the rating agency said there ... Read the full article
S&P sees limited credit impact from Middle East conflict on reinsurers
3rd March 2026
Following the recent escalation of conflict in the Middle East, S&P has indicated that reinsurers’ capital adequacy is strong enough to mitigate the potential risk of credit quality deterioration, although those with broad geographic footprints and significant exposure to specialty markets in the region are likely to be the most ... Read the full article
S&P Global Energy and Verisk partnership to help bridge climate risk intelligence gaps
17th February 2026
S&P Global Energy has announced a new data-sharing collaboration with Verisk, a global data analytics and technology provider to the insurance industry, designed to deliver climate catastrophe exposure data and insights to both the financial and insurance sectors. A division of S&P Global, S&P Global Energy provides essential data, price benchmarks, ... 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
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
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
All eyes on re/insurance at NYC Climate Week: S&P
8th October 2025
Re/insurance took centre stage at this year’s Climate Week NYC, held September 21–28, as growing urgency drives the adoption of new strategies and practices to assess climate-related risks, according to S&P. Climate Week NYC 2025, organised by Climate Group in partnership with the UN General Assembly and the City of New ... 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 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
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