RatingApr 16, 2026, 02:35 PM
SiriusPoint Receives AM Best Rating Upgrade to A from A-
AI Summary
AM Best has upgraded SiriusPoint's Financial Strength Rating to A (Excellent) from A- (Excellent) and its Long-Term Issuer Credit Ratings. This upgrade follows a similar action by Fitch Ratings earlier this year, reinforcing the company's financial strength. AM Best cited SiriusPoint's disciplined underwriting, prudent capital management, de-risking of its investment portfolio, and reduction in catastrophe exposure as key factors for the upgrade.
Key Highlights
- AM Best upgraded Financial Strength Rating to A from A-.
- Long-Term Issuer Credit Ratings upgraded to "a" from "a-".
- Long-Term ICR upgraded to "bbb" from "bbb-".
- Ratings outlook is stable.
- Upgrade reflects improved balance sheet strength and disciplined underwriting.
Price Impact
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