Rating Reports From AM Best and Standard & Poor’s

AM Best rating

Financial strength rating: A- Excellent by AM Best, Jan 25 2024
Outlook: Negative

AM Best’s rating report

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Sveriges Ångfartygs Assurans Förening (The Swedish Club) (TSC or the Club) (Sweden). The outlook of these Credit Ratings (ratings) is negative.

“These ratings reflect TSC’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.”

“Best’s Rating Reports reproduced on this site appear under licence from AM Best Company and do not constitute, either expressly or implicitly, an endorsement of (Rated Entity)’s products or services. Best’s Rating Reports are the copyright of AM Best Company and may not be reproduced or distributed without the express written consent of AM Best Company. Visitors to this website are authorised to print a single copy of the rating report displayed here for their own use. Any other printing, copying or distribution is strictly prohibited.”

  “Best’s ratings are under continual review and subject to change or affirmation. To confirm the current rating, visit www.ambest.com.“

Rating Report S&P

Standard & Poor’s rating BBB+ (stable outlook)

March 2024: The Swedish Club Affirmed at ‘BBB+’ Following Revised Capital Model Criteria;

Outlook: Stable

Overview

• On Nov. 15, 2023, we published our revised criteria for analyzing insurers’ risk-based capital
  (see”Insurer Risk-Based Capital Adequacy–Methodology And Assumptions”).
• The revised criteria did not impact our capital position assessment of Sveriges Angfartygs
  Assurans Forening (The Swedish Club).
• We have affirmed our ‘BBB+’ ratings on the club.
• The stable outlook reflects our expectation that the club will maintain capital at the 99.95%
  benchmark in our model, and that its operating performance will improve over the two-year
  outlook horizon.

Rating Action

On March 12, 2024, S&P Global Ratings affirmed its ‘BBB+’ issuer credit and insurer financial
strength ratings on Sveriges Angfartygs Assurans Forening (The Swedish Club; TSC). The outlook is
stable.

Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., provides independent financial information, analytical services, and credit ratings to the world’s financial markets

For more information on Standard & Poor’s, visit http://www.standardandpoors.com/ratingsdirect.