Fitch Ratings has assigned a long-term insurer financial strength rating of 'A-' to Eureka Re, a Barbados-based reinsurer established by the Rainmaker Group
AM Best has assigned a financial strength rating of ‘A-’ (Excellent) and a long-term issuer credit rating of ‘a-’ (Excellent) to Triple Crown Assurance, a Texas-based captive owned by Southwest Airlines
Sura Re, as a captive reinsurer of Suramericana, has the primary role of participating in property business underwritten by its parents’ affiliates across Latin America
The ratings reflect the captive’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management
AM Best has upgraded the financial strength rating to ‘A-’ (Excellent) from ‘B++’ (Good) of Saipem’s captive reinsurer, Sigurd Rück AG
The result reflects Lloyd's market’s excellent position in the global general (re)insurance market as a leading writer of specialty property and casualty risks
The revision of the outlook to ‘negative’ is driven by the group’s reduction in capital level
