{"id":669,"date":"2025-09-23T07:00:26","date_gmt":"2025-09-23T07:00:26","guid":{"rendered":"http:\/\/www.ateliersfurrer.com\/?p=669"},"modified":"2025-09-23T13:49:40","modified_gmt":"2025-09-23T13:49:40","slug":"am-best-revises-issuer-credit-rating-outlook-to-positive-for-singapore-re","status":"publish","type":"post","link":"http:\/\/www.ateliersfurrer.com\/index.php\/2025\/09\/23\/am-best-revises-issuer-credit-rating-outlook-to-positive-for-singapore-re\/","title":{"rendered":"AM Best revises Issuer Credit Rating outlook to positive for Singapore Re"},"content":{"rendered":"

AM Best has revised Singapore Re\u2019s outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed its rating of \u201ca\u201d (Excellent).<\/p>\n

\"\"The agency also affirmed the company\u2019s Financial Strength Rating (FSR) of A (Excellent), with a stable outlook.<\/p>\n

These ratings reflect Singapore Re\u2019s balance sheet strength, considered storing by AM best, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.<\/p>\n

The positive outlook reflects AM Best\u2019s confidence that Singapore Re will continue its trend of favourable underwriting and operating performance in the near-to-medium term.<\/p>\n

The company posted a return-on-equity (ROE) ratio of 21.3% in 2024, with favourable results continuing into the first half of 2025. A significant portion of these earnings comes from investment income, primarily from interest and dividends.<\/p>\n

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AM Best expects this strong performance to continue, driven by healthy business growth and the company\u2019s commitment to prudent underwriting discipline.<\/p>\n

Additionally, Singapore Re\u2019s ratings also benefited from the company\u2019s ultimate parent, Fairfax. The credit rating agency noted that while the reinsurer\u2019s operations are a small part of Fairfax\u2019s overall business, the company is strategically important to Fairfax\u2019s global expansion plans.<\/p>\n

This relationship is favourable for Singapore Re, as it provides it with access to shared resources and financial flexibility.<\/p>\n

According to the rating agency, Singapore Re\u2019s strong balance sheet is underpinned by its risk-adjusted capitalisation, which is expected to remain at the strongest level.<\/p>\n

The company\u2019s investment strategy is cautious, focusing on cash and fixed-income securities, while its use of retrocession helps it manage exposure to large risks and catastrophic events.<\/p>\n

Finally, AM Best assesses Singapore Re\u2019s business profile as limited. Singapore Re is a modest-sized non-life reinsurer based in Singapore, writing treaty and facultative business primarily in Asia and the Middle East, with its top 2024 markets being Singapore, India and China.<\/p>\n

While it faces some cedant concentration risk, this is mitigated by long-standing relationships and business with other companies within the Fairfax Group.<\/p>\n

The post AM Best revises Issuer Credit Rating outlook to positive for Singapore Re<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

AM Best has revised Singapore Re\u2019s outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed its rating of \u201ca\u201d (Excellent). The agency also affirmed the company\u2019s Financial Strength Rating (FSR) of A (Excellent), with…<\/p>\n","protected":false},"author":1,"featured_media":671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/669"}],"collection":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/comments?post=669"}],"version-history":[{"count":3,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/669\/revisions"}],"predecessor-version":[{"id":673,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/669\/revisions\/673"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/media\/671"}],"wp:attachment":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/media?parent=669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/categories?post=669"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/tags?post=669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}