The Swedish Club has maintained its A grade with two key credit rating agencies that have been taking a tough line with marine insurers because of concerns over underwriting losses.
S&P Global Ratings (S&P) maintained the Swedish Club's A- rating for long-term insurer's financial strength and issuer credit rating. S&P also maintained a stable outlook on the insurer.
S&P said: “The stable outlook reflects our view that the club will preserve its excellent capital adequacy and improve its underwriting performance.”
