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FOR IMMEDIATE RELEASE
AMSTERDAM - NOVEMBER 04, 2026 11:17 AM (EST)
AM Best has revised the implications of the under review status to developing from negative for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Premia Reinsurance Europe S.A. (Premia Re Europe) (Luxembourg). Premia Re Europe was formerly known as Cowen Reinsurance S.A.
The Credit Ratings (ratings) reflect Premia Re Europe’s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
The revision in implications of the under review status to developing from negative follows the announcement of the acquisition of Premia Re Europe by Premia Holdings Ltd. (Premia), which was completed on 30 October 2026.
Premia is a global insurance and reinsurance group specializing in the property/casualty legacy sector with an established operating footprint in the United Kingdom (including Lloyd’s), United States, Bermuda and continental Europe.
The ratings of Premia Re Europe are expected to remain under review with developing implications until AM Best has gained clarity regarding the new owner’s plans for the entity.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings (BCR), Best’s Performance Assessments (PA), Best’s Preliminary Credit Assessments (PCA) and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.