Ratings downgrade

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AM Best downgrades Himalayan Re ratings over governance concerns

September 4 2026

Despite the downgrade, AM Best continues to assess Himalayan Re's balance sheet strength as very strong.

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Fitch downgrades Asuransi Asei to BB+(idn), flags capital strain and rising credit insurance exposure

July 24 2026

Fitch also placed the Indonesian insurer on negative watch as Asei looks to restore capital through debt conversion and a planned equity injection.

Energas Insurance ratings downgraded due to large underwriting deficits — AM Best

March 13 2026

Adverse loss experience, soft market conditions, and reserve strengthening negatively impacted the captive insurer's 2025 underwriting performance.

Marein downgraded by Fitch after PSAK 117 reserve adjustments hit capital and earnings

March 9 2026

The Indonesian reinsurer's risk-based capital ratio fell to 163% at end-2025 from 228% a year earlier, with Fitch also assigning a negative outlook following the ratings downgrade.

fitch-downgrades-pt-asuransi-eka-lloyd-jayas-natl-ifs-rating-on-premium-collapse

Fitch downgrades Asuransi Eka Lloyd Jaya's IFS rating on premium collapse, weaker RBC

November 11 2025

The company was also placed on Rating Watch Negative due to thin capital buffers, Fitch stated.

fitch-downgrades-ratings-of-five-chinese-insurers-following-sovereign-rating-cut

Fitch downgrades ratings of five Chinese insurers, affirms China Life at 'A+'

April 10 2025

China’s sovereign downgrade on 3 Apr leads to Fitch lowering insurer's ratings due to ownership links, support from the central government.

Woori’s insurance acquisitions likely to proceed despite FSS rating downgrade: Report

March 19 2025

The FSS has downgraded Woori’s management rating from Grade 2 to Grade 3.

fitch-downgrades-suncorp-groups-ratings-following-bank-sale-changes-to-reinsurance-programme

Fitch downgrades Suncorp's ratings following bank sale, changes to reinsurance programme

November 8 2024

Prism score now weaker than criteria for 'AA' IFS rating due to changes in capital base and risk of reinsurance programme.

Jubilee General Insurance's ratings downgraded amid elevated domestic economic and political risks

August 16 2024

Despite logging a five-year average weighted 93.9% COR, AM Best downgrades ratings due to heightened economic, political, and financial system risks in Pakistan.

Fitch downgrades China United Property due to reduced likelihood of parent support

August 2 2024

Fitch assigns BBB+ rating, with ultimate parent struggling with asset quality and earnings amid China's property market downturn.

fitch-downgrades-china-huanong-p-and-c-rating-on-thin-capital-buffers-and-investment-losses

Fitch downgrades China Huanong P&C on thin capital buffers and capital-raising uncertainty

July 19 2024

Insurer seeing rapid growth but is experiencing declining capital buffers, challenges in fundraising, and falling investment returns.

Sovereign outlook downgrade triggers negative outlook for nine Chinese insurers

December 8 2023

Following issue of negative outlook for China's government credit ratings, Moody's downgrades outlook for nine Chinese insurers, inclusive of two captives, plus one overseas subsidiary.

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25 September