Worldwide Reinsurance Limited (Worldwide Re) is pleased to announce two significant credit rating upgrades in 2026 from AM Best and Pacific Credit Rating (PCR), reflecting the continued strengthening of the Company’s financial position, operating performance and long-term stability.
In July 2026, AM Best upgraded Worldwide Re’s Financial Strength Rating from B+ (Good) to B++ (Good) and its Long-Term Issuer Credit Rating from “bbb-” to “bbb” (Good). The Financial Strength Rating outlook was revised to Stable, while the Long-Term Issuer Credit Rating carries a Positive outlook.
AM Best cited Worldwide Re’s very strong balance sheet strength, adequate operating performance, neutral business profile and appropriate enterprise risk management. The agency also recognized improvements in the Company’s corporate governance capabilities, retrocession structure, sustained underwriting quality and profitability, capital management and geographic diversification.
This achievement was followed in August 2026 by an additional upgrade from Pacific Credit Rating (PCR), which raised Worldwide Re’s Financial Strength Rating from PA BBB to PA A-, maintaining a Stable outlook.
PCR highlighted the Company’s sustained premium growth, improved profitability, stronger liquidity and solid equity position. The agency also noted Worldwide Re’s retained earnings, capital increases, adequate solvency levels and low leverage as factors supporting the Company’s financial stability.
Receiving upgrades from two independent rating agencies within a matter of weeks represents an important milestone for Worldwide Re and reflects the progress made in strengthening the Company’s financial foundation while continuing its international growth.
The upgrades recognize several areas of continued strength, including disciplined underwriting, strong capital management, improved enterprise risk management, sustained profitability, growing liquidity and geographic diversification.
Worldwide Re remains committed to maintaining a prudent and sustainable approach to growth while providing dependable reinsurance capacity to its brokers, cedants and business partners across international markets.
These upgrades reinforce Worldwide Re’s continued focus on financial strength, responsible underwriting and building long-term value for the partners and markets we serve.
The rating reports
