AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Premia Reinsurance Ltd. (Premia Re) (Bermuda). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Premia Re’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
The company’s operating returns deteriorated in 2025, due to adverse development recognized on its casualty business. While Premia Re did implement further strengthening in 2026, the bottom line results are expected to rebound following multiple strategic sales and closing of new legacy transactions. AM Best anticipates that the company’s results will continue to show improvement into 2027. Further deterioration in the near term could bring negative pressure on the ratings and/or outlooks.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
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+1 908 882 1893
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al.slavin@ambest.com
