AM Best upgrades Singapore Re’s rating

AM Best has upgraded Singapore Re’s Long-Term Issuer Credit Rating from “a” to “a+” (Excellent), while changing the outlook from positive to stable.

The agency has also affirmed the Singaporean reinsurer’s Financial Strength Rating at “A” (Excellent), with a stable outlook.

The upgrade of Singapore Re’s Long-Term Issuer Credit Rating reflects the continued improvement in its operating performance, supported in recent years by favorable underwriting results and positive investment returns. In 2025, the company reported a net combined ratio of 76.9%.