Ratings agency review reflects concerns over Chinese company’s credit profile
Ratings agency AM Best said it has placed Ironshore Insurance under review with negative implications after the Bermuda-based insurer agreed to be taken over by Fosun.
The Chinese company already owned 20% of Ironshore.
AM Best said that Ironshore continues to maintain solid stand-alone rating attributes and the transaction is expected to provide Ironshore with greater access to long-term committed capital and the potential for a more global distribution platform.
But it said the negative review reflects concerns over Fosun’s credit profile and its financial leverage, which could potentially place a strain on Ironshore’s stand-alone capitalisation.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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