MSIG Europe SE upgraded by Standard and Poors

MSIG Europe has continued to strengthen its operating performance. On 16 April 2026, S&P Global Ratings upgraded the company’s financial strength and issuer credit ratings from ‘A’ to ‘A+’, with a stable outlook. 

According to S&P Global Ratings, this reflects MSIG Europe SE’s sustained improvement in underwriting results, supported by disciplined underwriting, enhanced risk management, improved pricing quality and increased investment income. The rating action also recognises the company’s strengthening position within its parent group, the Japan-based MS&AD Insurance Group.  

S&P highlights that MSIG Europe SE’s operating performance has benefited from reshaped portfolios, as well as from prudent management actions taken across its European operations. Additionally, S&P notes that the merger between MS Amlin Insurance SE and MSIG Insurance Europe AG, finalised in July 2025, has the potential to generate synergies that could support the combined entity’s performance over time. 

The stable outlook mirrors that of MS&AD Insurance Group and reflects S&P Global Ratings’ expectation that MSIG Europe SE will maintain its solid operating performance and continue to play a core role within the group. 

This website post relates to Credit Ratings published by S&P Global Ratings. For the full rating action, definitions, methodologies, and disclosures, including details of the offices responsible for issuing the ratings, please refer to S&P Global Ratings’ Research Update published on RatingsDirect and the related information available at www.spglobal.com/ratings. 

Credit ratings are opinions and not statements of fact, and they are not recommendations to purchase, hold, or sell any security. Information on the use and limitations of S&P Global Ratings’ opinions is available on S&P Global’s website.