Ratings

Ratings Recap: Continental Re, Gulf Re

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Nigeria’s Continental Reinsurance Plc, both with stable outlooks. Best said the ratings of Continental Re “continue to …

Best Affirms Lloyd’s UK, China ‘A’ Ratings; Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Lloyd’s and Lloyd’s Insurance Company (China) Limited (LICCL), as well as the ICR of “a” …

Best Affirms Polish Re’s Ratings; Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Polskie Towarzystwo Reaskuracji S.A. (Polish Re) , both with stable outlooks. The rating affirmations reflect Polish Re’s …

Ratings Recap: CIBC Re, ACS (NZ) Ltd, CCR (Algeria)

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Barbados-based CIBC Reinsurance Company Limited (CIBC Re), both with stable outlooks. Best explained that “CIBC Re is a life reinsurance subsidiary …

Ratings Recap: Jubilee (Pakistan), Montana Re (notes), United

A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” to Pakistan’s Jubilee General Insurance Company Limited, both with stable outlooks. The ratings reflect Jubilee’s “strong risk-adjusted capitalization, …

Best Affirms SCHWARZMEER UND OSTSEE (SOVAG) Ratings; Outlook Stable

A.M. Best Europe Rating Services Limited has affirmed the financial strength rating (FSR) of ‘B++’ (Good) and the issuer credit rating (ICR) of “bbb” of SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG, which is based in Germany, both with stable outlooks.. SOVAG’s …

Fitch Affirms Lloyd’s ‘A+’ Ratings; Outlook Stable

Fitch Ratings has affirmed Lloyd’s of London’s Insurer Financial Strength (IFS) rating at ‘A+’, and the Society of Lloyd’s Long-term Issuer Default Rating (IDR) at ‘A’ as well as Lloyd’s Insurance Company (China) Ltd’s IFS rating at ‘A+’. All three …

Best Assigns ‘A-‘ Ratings to S.A.C. Re, Ltd.; Outlook Stable

A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to newly established, Bermuda-based, S.A.C. Re, Ltd., both with stable outlooks. The ratings for SAC Re are based on its “excellent risk-adjusted …

Ratings Recap: Kuwait Re, Ageas, Al Fajer Re, Generali (Notes)

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Kuwait Reinsurance Company K.S.C. (Closed), but has maintained a negative outlook on the ratings. Best said …

Best Affirms Lancashire’s ‘A’ Ratings; Stable Outlook

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Lancashire Insurance Company Limited and UK-based Lancashire Insurance Company (UK) Limited, collectively known as Lancashire. Best also affirmed the …

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