S&P Upgrades Fairfax Subsidiaries’ Financial Strength to A+

June 6, 2024

S&P Global Ratings has upgraded Crum & Forster’s parent company, Fairfax Financial Holdings and its re/insurance subsidiaries, which include Odyssey Re and Allied World among others, on revised criteria and assigned a positive outlook.

The agency raised its long-term issuer credit rating on Fairfax Financial Holdings to ‘BBB+’ from ‘BBB’. The long-term issuer credit and financial strength ratings on Fairfax’s core re/insurance operating subsidiaries were raised to ‘A+’ from ‘A’.

Read the report here.