S&P Global Ratings has affirmed its ‘A-‘ long-term insurer financial strength and issuer credit ratings for The Swedish Club.
S&P noted the club’s “resilient capital position in a volatile year”. It also mentioned the Club’s disciplined underwriting and risk control, supporting the Club’s controlled underwriting results.
Swedish Club noted that it had recorded a seven-year combined ratio average of 98%, “positioning it ahead of its peers”.
S&P also confirmed its stable outlook for the Club.
AM Best recently allocated The Swedish Club a Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-”, with a stable outlook.
Swedish Club Managing Director Lars Rhodin said that “in such a challenging year we are delighted that once again both S&P and AM Best have placed us in the top ranks of our sector. This welcome result was earned through the Club’s long-term strategy of prudent risk management and a commitment to providing excellent levels of service to our members.”