Standard & Poor’s Ratings Services (S&P) has raised its long-term counterparty credit and financial strength ratings on The Swedish Club to ‘BBB+’ with a stable outlook, citing in particular the stronger financial management of the Club supporting an underlying trend of improvement in operating performance.

In support of its decision, S&P points to the Club’s good competitive position and strong capital position with a capital adequacy at the lower end of the ‘AA’ (very strong) range based on its risk-adjusted model, following growth of more than 50% in free reserves since year-end 2008. Furthermore, S&P states that the Club’s 98.7% net combined ratio for the period 2007-2011 is better than International Group peers’ average even though this period saw a poor claims environment in 2007, 2009 and 2011.

 

You find the full report under About – Financial Strength.