The counterparty credit and insurer financial strength ratings on Sirius International Insurance Corporation were upgraded by S&P from “A+” to “AA-.” The rating outlook is stable. Concurrently, S&P lowered the counterparty credit and insurer financial strength ratings on Kemper Europe Reassurances S.A. (Kemper) to “BBB” from “A-.” The downgrade followed the Dec. 1, 1999, acquisition of Kemper by Sirius from Employers Reinsurance Corp.
Was this article valuable?
Here are more articles you may enjoy.
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance From This Issue
