{"id":30196,"date":"2026-07-02T23:47:00","date_gmt":"2026-07-02T21:47:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=1820fff455829b8ad33611d0012b8606"},"modified":"2026-07-02T23:47:00","modified_gmt":"2026-07-02T21:47:00","slug":"am-best-affirms-credit-ratings-of-siat-societa-italiana-assicurazioni-e-riassicurazioni-p-a","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=30196","title":{"rendered":"AM Best Affirms Credit Ratings of SIAT-Societ\u00e0 Italiana Assicurazioni e Riassicurazioni p.A."},"content":{"rendered":"

AMSTERDAM--(BUSINESS WIRE)--#insurance<\/a>--AM Best <\/b>has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of \u201ca\u201d (Excellent) of SIAT-Societ\u00e0 Italiana Assicurazioni e Riassicurazioni p.A. (SIAT) (Italy), a subsidiary of Unipol Assicurazioni S.p.A. (Unipol). The outlook of these Credit Ratings (ratings) is stable.<\/p><\/a><\/a>

\nThe ratings reflect SIAT\u2019s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. The ratings factor in SIAT\u2019s importance to, and integration into the operations of Unipol, as well as AM Best\u2019s expectation that Unipol would provide its subsidiary with prompt and sufficient financial support, should it be needed.<\/p>

\nSIAT\u2019s Best\u2019s Capital Adequacy Ratio (BCAR) assessment was at the very strong level at year-end 2025. AM Best expects the risk adjusted capitalisation as measured by BCAR to remain, at least, at the very strong level prospectively. SIAT maintains a strong liquidity profile, with liquid investments accounting for approximately 143% of net technical liabilities at year-end 2025. Partially offsetting factors to the balance sheet strength include the company\u2019s investment concentration in Italian government bonds and its dependence on reinsurance to write high-value risks.<\/p>

\nSIAT has a track record of adequate operating performance, supported by good underwriting profitability, with volatility contained by the company\u2019s effective reinsurance programme. In 2025, pre-tax profits amounted to EUR 11.1 million (adjusted by AM Best for extraordinary income and expenses), with the combined ratio standing at 86.0% (as calculated by AM Best). SIAT\u2019s five-year average combined ratio (2021-2025) stood at 87.4% (as calculated by AM Best). AM Best expects SIAT to continue to report adequate performance, supported by selective underwriting.<\/p>

\nSIAT has an established reputation as a niche insurer in the marine hull and cargo segments, in which it ranks among the leading players in Italy. In addition, the company\u2019s business profile benefits from its reciprocal outsourcing agreements with Unipol.<\/p>

\nThis press release relates to Credit Ratings that have been published on AM Best\u2019s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best\u2019s <\/b>Recent Rating Activity<\/b><\/a> web page. For additional information regarding the use and limitations of Credit Rating opinions, please view <\/b>Guide to Best\u2019s Credit Ratings<\/b><\/a>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary Credit Assessments and AM Best press releases, please view <\/b>Guide to Proper Use of Best\u2019s Ratings & Assessments<\/b><\/a>.<\/b><\/p>

\nAM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit <\/b>www.ambest.com<\/b><\/a>.<\/b><\/p>

\nCopyright \u00a9 2026 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p> Contacts<\/b>

\nAndrea Porta<\/b>Senior Financial Analyst<\/b>+31 20 808 1700<\/b>andrea.porta@ambest.com<\/a>\nDr. Mathilde Jakobsen<\/b>Senior Director, Analytics<\/b>+31 20 808 3118<\/b>mathilde.jakobsen@ambest.com<\/a>\nChristopher Sharkey<\/b>Associate Director, Public Relations<\/b>+1 908 882 2310<\/b>christopher.sharkey@ambest.com<\/a>\nAl Slavin<\/b>Senior Public Relations Specialist<\/b>+1 908 882 2318<\/b>al.slavin@ambest.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

AMSTERDAM–(BUSINESS WIRE)–#insurance–AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of \u201ca\u201d (Excellent) of SIAT-Societ\u00e0 Italiana Assicurazioni e Riassicurazioni p.A. (SIAT) (Italy), a subsid…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-30196","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/30196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30196"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/30196\/revisions"}],"predecessor-version":[{"id":30197,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/30196\/revisions\/30197"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}