{"id":47438,"date":"2026-07-29T19:56:00","date_gmt":"2026-07-29T17:56:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=323cdb24c3bfb2a90aa824359c72e9d8"},"modified":"2026-07-29T19:56:00","modified_gmt":"2026-07-29T17:56:00","slug":"am-best-maintains-under-review-with-negative-implications-status-for-credit-ratings-of-cowen-reinsurance-s-a","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=47438","title":{"rendered":"AM Best Maintains Under Review With Negative Implications Status for Credit Ratings of Cowen Reinsurance S.A."},"content":{"rendered":"

AMSTERDAM--(BUSINESS WIRE)--#insurance<\/a>--AM Best <\/b>has maintained the under review with negative implications status for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of \u201cbbb\u201d (Good) of Cowen Reinsurance S.A. (Cowen Re) (Luxembourg).<\/p><\/a><\/a>

\nThe Credit Ratings (ratings) reflect Cowen Re\u2019s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.<\/p>

\nCowen Re\u2019s ratings were placed under review with negative implications initially on 15 June 2023. This was due to the uncertainty regarding Cowen Re\u2019s future ownership, given that AM Best did not expect the company to form a part of Toronto-Dominion Bank\u2019s (TD Bank) long-term plans. Additionally, the negative implications status reflects the uncertainty regarding Cowen Re\u2019s strategic plans and the negative trend on its business profile, which puts the company under expense strain. Cowen Re\u2019s five-year weighted average combined ratio (2021-2025) stood at 127.5% (as calculated by AM Best).<\/p>

\nThe resolution of TD Bank\u2019s plans for Cowen Re has taken longer than AM Best originally expected. The ratings will remain under review with negative implications until AM Best has gained certainty regarding the company\u2019s long-term ownership and business plans.<\/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 <\/b>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>

\nValentine Gu, AAG<\/b>Financial Analyst<\/b>+31 20 308 5421<\/b>valentine.gu@ambest.com<\/a><\/p>

\nDr. Mathilde Jakobsen<\/b>Senior Director, Analytics<\/b>+31 20 808 3118<\/b>mathilde.jakobsen@ambest.com<\/a><\/p>

\nChristopher Sharkey<\/b>Associate Director, Public Relations<\/b>+1 908 882 2310<\/b>christopher.sharkey@ambest.com<\/a><\/p>

\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 maintained the under review with negative implications status for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of \u201cbbb\u201d (Good) of Cowen Reinsurance S.A. (Cowen Re…<\/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-47438","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\/47438","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=47438"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/47438\/revisions"}],"predecessor-version":[{"id":47439,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/47438\/revisions\/47439"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}