Fitch Ratings assigned a negative rating outlook to a group of monoline reinsurers-ACE Guaranty Re Inc., Radian Reinsurance Company Inc., and AXA Re Finance S.A. The three are major reinsurers of financial guarantees.
The insurer financial strength ratings of the three companies remain “AAA.”
The negative rating outlook covers a one to two year horizon and reflects less favorable relationships and contractual terms with the companies’ major clients, as well as increased competition.
Fitch said a fourth monoline reinsurer RAM Reinsurance Company Ltd., which Fitch does not rate, also faces the same industry pressures. Those pressures include the changing nature of the monoline reinsurance industry as well as increased competition from both multiline and monoline reinsurers.
Topics Trends Reinsurance
Was this article valuable?
Here are more articles you may enjoy.
LA Fire Survivors Got a Rude Surprise That Could Hit More Americans 
GEICO Settles Call-Center Worker Suits for $940,000; Attorneys Get Half 
Longtime Alabama Dentist Charged With Insurance Fraud in 2025 Office Explosion 
Updated: 6 Killed in Private Plane Crash at Maine Airport 
