{"id":5333,"date":"2026-04-02T13:30:29","date_gmt":"2026-04-02T13:30:29","guid":{"rendered":"http:\/\/www.xinetica.com\/?p=5333"},"modified":"2026-04-02T14:29:35","modified_gmt":"2026-04-02T14:29:35","slug":"am-best-revises-outlooks-to-positive-for-canopius-us-and-canopius-re","status":"publish","type":"post","link":"http:\/\/www.xinetica.com\/index.php\/2026\/04\/02\/am-best-revises-outlooks-to-positive-for-canopius-us-and-canopius-re\/","title":{"rendered":"AM Best revises outlooks to positive for Canopius US and Canopius Re"},"content":{"rendered":"

AM Best has revised the outlooks to positive from stable for Canopius US Insurance, Inc. and Bermuda-based Canopius Reinsurance Limited.<\/p>\n

\"\"At the same time, the rating agency also affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of \u201ca-\u201d (Excellent) of both entities.<\/p>\n

Both Canopius US and Canopius Re are wholly owned subsidiaries of Canopius Group Limited (Canopius) (Jersey), the non-operating holding company of the Canopius group of companies.<\/p>\n

According to AM Best, these ratings reflect Canopius\u2019 Every strong balance sheet strength, adequate operating performance, neutral business profile and appropriate enterprise risk management.<\/p>\n

\u201cThe ratings of Canopius US and Canopius Re reflect their strategic importance to and integration within the Canopius group,\u201d AM Best stated.<\/p>\n

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\"Catastrophe<\/a><\/div>\n<\/div>\n

The positive outlooks reflect the agency\u2019s expectation that Canopius will maintain its profitability at a level commensurate with a strong operating performance assessment, supported by effective cross-cycle underwriting management.<\/p>\n

Canopius’ profitability has risen year on year since 2021, with 2025 profit after tax reaching USD 467 million (2024: USD 401 million), equating to a 21% return on equity (2024: 22%), as calculated by AM Best.<\/p>\n

Improved underwriting performance since 2021 stems from measures implemented by management, including reduced natural catastrophe exposure and better risk selection via enhanced data.<\/p>\n

The business has grown materially over recent years and has benefited from a favourable pricing environment, with solid investment returns supporting recent earnings.<\/p>\n

AM Best analysts added: \u201cCanopius\u2019 balance sheet strength is underpinned by its risk-adjusted capitalisation that was at the strongest level at year-end 2025, as measured by Best\u2019s Capital Adequacy Ratio (BCAR).<\/p>\n

\u201cRisk-adjusted capitalisation is expected to remain at this level, in line with the company\u2019s capital management framework and supported by its good internal capital generation.\u201d<\/p>\n

The group’s balance sheet strength is assessed as strong, largely due to its conservative asset allocation, good liquidity, and prudent reserving strategy.<\/p>\n

However, this is moderately offset by moderate leverage at the holding company level, analysts noted.<\/p>\n

\u201cCanopius has a well-established business profile as a specialist re\/insurer within the competitive Lloyd\u2019s market. The group\u2019s market position benefits from its diversified book of business by product and geography,\u201d AM Best concluded.<\/p>\n

The post AM Best revises outlooks to positive for Canopius US and Canopius Re<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

AM Best has revised the outlooks to positive from stable for Canopius US Insurance, Inc. and Bermuda-based Canopius Reinsurance Limited. […]<\/p>\n","protected":false},"author":1,"featured_media":1740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/5333"}],"collection":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/comments?post=5333"}],"version-history":[{"count":3,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/5333\/revisions"}],"predecessor-version":[{"id":5336,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/5333\/revisions\/5336"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media\/1740"}],"wp:attachment":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media?parent=5333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/categories?post=5333"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/tags?post=5333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}