Rating agency A.M. Best has downgraded the financial strength ratings of Sirius International Insurance Corporation, Sweden, and its US subsidiary Sirius America Insurance Company from A+ (superior) to A (excellent).
The ratings are no longer under review.
A.M. Best said it continues to view Sirius' risk-based capital as superior.
However, it noted that the group's business profile and historically strong underwriting results have been weakened by losses at its Bermuda-based subsidiary, Scandinavian Reinsurance Company, which is currently in run-off.
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.
