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AM Best Affirms Credit Ratings of RenaissanceRe Holdings Ltd., Its Core Subsidiaries and Joint Ventures
OLDWICK, N.J., July 23, 2026--AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of "a-" (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IRs) of RenaissanceRe Holdings Ltd (RenaissanceRe) [NYSE: RNR], which is the ultimate parent of the companies mentioned hereinafter. The outlook of these Credit Ratings (ratings) is positive. Concurrently, AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICRs of "aa-" (Superior) of Re
About this update from Renaissancere Holdings Ltd.
OLDWICK, N.J., July 23, 2026--(BUSINESS WIRE)--AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of "a-" (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IRs) of RenaissanceRe Holdings Ltd (RenaissanceRe) [NYSE: RNR], which is the ultimate parent of the companies mentioned hereinafter. The outlook of these Credit Ratings (ratings) is positive. Concurrently, AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICRs of "aa-" (Superior) of RenaissanceRe's subsidiaries: Renaissance Reinsurance Ltd., Renaissance Reinsurance of Europe Designated Activity Company (Ireland), RenaissanceRe Specialty U.S. Ltd., Renaissance Reinsurance U.S. Inc. (Maryland) and RenaissanceRe Europe AG (Switzerland). The outlook of the FSR is stable while the outlook of the Long-Term ICRs is positive. All companies are domiciled in Bermuda unless otherwise specified. At the same time, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICRs of "a+" (Excellent) of Fontana Reinsurance U.S. Ltd. and Fontana Reinsurance Ltd., which are subsidiaries of Fontana Holdings L.P (Fontana). In addition, AM Best has affirmed the Long-Term ICR of "bbb+" (Good) of Fontana. AM Best also has affirmed the FSR of A (Excellent) and the Long-Term ICR of "a+" (Excellent) of DaVinci Reinsurance Ltd. (DaVinci). Concurrently, AM Best has affirmed the Long-Term ICR of "bbb+" (Good) of DaVinciRe Holdings Ltd. Lastly, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of "a+" (Excellent) of Vermeer Reinsurance Ltd. (Vermeer). The outlook of these ratings is stable. These joint ventures are domiciled in Bermuda. (See below for a detailed listing of the Long-Term IRs.) The ratings of RenaissanceRe reflect the group's balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, very favorable business profile and very strong enterprise risk management (ERM). The positive outlook for the Long-Term ICRs reflects the improvement in operating performance in recent years as RenaissanceRe's specialty and casualty lines have reached scale and partially have offset the volatility of the property catastrophe business. Fee income continues to be a strategic complementary and significant source of earnings that reduces RenaissanceRe's reliance on any one source of income. As the...
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