Insurance giant MSIG USA recently announced S&P Global Ratings assigning an A+ financial strength rating and issuer credit rating with a stable outlook to MSIG Specialty Insurance America, the company’s newly established excess and surplus (E&S) insurer.
“The rating represents a significant milestone in MSIG USA’s continued expansion as a leading data-driven specialty insurer and strengthens its ability to serve clients with complex and evolving risk needs,” MSIG USA commented.
MSIG Specialty Insurance America has been established to write non-admitted E&S business and expand the company’s capabilities in specialised commercial insurance segments. S&P noted that the new entity is viewed as a core subsidiary of MS&AD Insurance Group, with its strategy aligned to that of its parent and its ratings being consistent with the broader group profile.
The A+ rating reflects MSIG USA’s strong financial foundation, disciplined underwriting approach, and global reach across 48 countries and regions. The stable outlook mirrors that of the parent group, apart from underscoring the long-term role the new entity is expected to play in the organisation’s strategy in the coming days.
“This rating is an important step in the continued build-out of our specialty platform in the US. It reflects both the strength of our balance sheet and the discipline we bring to underwriting. As we expand into the non-admitted E&S market, we are focused on applying a consistent, data-driven approach to support brokers and clients navigating evolving risks,” said Peter McKenna, chief executive officer of MSIG USA.
The addition of MSIG Specialty Insurance America also enhances MSIG USA’s ability to provide flexible, non-admitted solutions alongside its admitted offerings, enabling a more comprehensive approach to specialty risk across its portfolio.
“MSIG USA is the company that brings the financial strength, underwriting expertise, exceptional claims management, global footprint, and innovation in order to offer commercial insurance solutions that address the unique risks businesses face in today’s market,” the business concluded.