shutterstock_759922168_casimiro-pt-1

shutterstock/Casimiro PT

26 September 2022Insurance

Sompo International’s issuer credit rating lowered by AM Best

Ratings agency AM Best has downgraded the long-term issuer credit rating of Bermuda-based global specialty re/insurer Sompo International Holdings (SIH) from “a” to “a-”.

The downgrade is to “harmonise” the intermediate holding company credit ratings (ratings) of SIH with the financial strength ratings of Sompo Japan Insurance.

The ratings of the insurance operating companies of SIH remain unchanged.

The outlook of these ratings is stable.

Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Sompo nabs AIG distribution guru to grow N. American commercial reach

1 December 2022 The new hire last managed retail distribution; will now build regionally in commercial.

Sompo likes nat cat, could make its approach from reinsurance side

25 November 2022 Sompo put a fresh ¥200bn to its foreign unit for more capacity, including at renewals.

News

MGAs benefit as capacity steps back from property cat: AM Best

4 November 2022 DUA market grows ‘more rapidly’ than traditional non life, says Stefan Holzberger at AM Best.

More articles

Aon lifts long-serving insider for global data and analytics push

Allianz Commercial flags rising nuclear verdicts on loss trends watchlist

ACORD taps London market specialist to guide growth strategy

Zurich may slash life segment reinsurance buys to hold more margin

Markel snags Aegis London underwriter to bolster marine cargo portfolio

Zurich targets mid-market and specialty in commercial growth plan

RGA inks $4.1bn coinsurance transaction with Manulife’s John Hancock

Aon’s NFP boosts New York footprint with employee benefits acquisition

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze