AM Best Upgrades Outlook for Starr International Group to Positive
On February 27, 2026, AM Best announced an upgrade in the outlooks to positive from stable while maintaining the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of “a+” (Excellent) for the insurance subsidiaries under Starr International Company, Inc., a Swiss-based private investment holding firm. These actions affect member companies within Starr International Group in New York and Starr Insurance & Reinsurance Limited in Bermuda.
AM Best's evaluations highlight the robust balance sheet strength of Starr International Group’s entities, considering factors such as adequate operational performance, a favorable business profile, and competent enterprise risk management. The ratings assigned to Starr Insurance & Reinsurance Limited and its subsidiaries reflect strong balance sheet assessments alongside steady operating results and advantageous business positioning.
The upgraded outlooks are attributed to strengthened underwriting and operational trends among Starr International Company, Inc.’s subsidiaries. The firm's reduction in net underwriting expenses and more consistent underwriting results demonstrate improvement from previous years. Additionally, Starr's intended acquisition of the IQUW group is anticipated to expand product offerings within the London and international markets, with AM Best noting potential positive impacts on future ratings through increased diversification and organizational growth.
Entities within Starr International Group, including Starr Indemnity & Liability Company, Starr Surplus Lines Insurance Company, and Starr Specialty Insurance Company, have received affirmation of the A (Excellent) Financial Strength Rating and “a+” (Excellent) Long-Term Issuer Credit Ratings, with a now-positive outlook. The same ratings and revised positive outlook apply to Starr Insurance & Reinsurance Limited entities such as Starr Property & Casualty Insurance (China) Company, Limited; Starr International Insurance (Asia) Limited; Starr International Insurance (Singapore) Pte. Ltd; Starr International (Europe) Limited; Starr International Insurance (Switzerland) AG; and Starr Europe Insurance Limited.