Helvetica Re Strengthens its Financial Position and Earns “A- (Excellent)” Rating from AM Best
- Madeleine Zambrano
- May 28
- 1 min read
Helvetica Re Rückversicherung has been recognized by global credit rating agency AM Best with a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent), both with a stable outlook. This acknowledgment reflects the company’s strong balance sheet, evaluated as the strongest level by Best’s Capital Adequacy Ratio (BCAR), as well as its conservative investment strategy and effective enterprise risk management.
Since launching operations in 2022, Helvetica Re has focused on underwriting surety bonds for renewable energy and infrastructure projects, primarily in Spain, with plans to expand into Latin American markets. In its first year, the company reported a net income of USD 2.3 million, with a return on equity of 2.3%.
As of December 31, 2023, Helvetica Re’s equity capital reached USD 215 million, solidifying its position as a reliable and emerging player in the reinsurance sector.
