Rating Reports

From AM Best and Standard & Poor's

Rating Reports



AM Best rating   AMBest

Financial strength rating: A- Excellent by AM Best, Jan 27 2023
Outlook: Stable
Best's financial size category: VIII


AM Best's rating report A.M. Best rating report

Amsterdam, Jan 27 2023 — AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of
Sveriges Ångfartygs Assurans Förening (The Swedish Club) (The Club or TSC) (Sweden). 
The outlook of these Credit Ratings (ratings) is stable.

"The ratings reflect TSC's balance sheet strength, which AM Best categorises as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management."

AM Best Press Release 2023-01-27


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

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


S&P Rating Direct 17 May 2023»

S&P Rating Direct 21 October 2022»

S&P Rating Direct 25 May 2022»

S&P Rating Direct 20 October 2021»

S&P Ratings Direct 26 January 2021»

S&P Ratings Direct full report 10 Feb 2021»

Financial strength rating: BBB+ by S&P Global Rating, 21 October 2022

Outlook: Stable

Standard & Poor's has rated The Swedish Club BBB+ (stable outlook).


  • The Swedish Club's capitalization, as per our risk-based capital model, remains materially below the 'AAA' confidence level as of first-half 2022 after it was eroded by underwriting losses in 2021 and investment losses in first-half 2022
  • The outlook is stable, reflecting our expectation that the club will maintain capital at the 'AA' benchmark in our model, and that its operating performance will be in line with our expectations over the next two years.

Rating Action

On Oct. 21, 2022, S&P Global Ratings lowered to 'BBB+' from 'A-' its financial strength and long-term issuer credit ratings on The Swedish Club. 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 


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The Swedish Club
Gullbergs Strandgata 6
SE-411 04 Gothenburg

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The Swedish Club
Gullbergs Strandgata 6
P.O Box 171
SE-401 22 Gothenburg


Tel +46 31 638 400
For Claims and Underwriting, please see our Office contacts
E-mail swedish.club@swedishclub.com


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