The word from Irwell Insurance for you;
Leading legal expenses and liability insurer Irwell Insurance is delighted to announce that AM Best has upgraded its Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “bbb” (Good).
The Financial Strength Rating (FSR) of B++ (Good) was also affirmed.
The upgrading of the Long-Term ICR reflects improvements to Irwell’s balance sheet strength, notably through strengthened risk-adjusted capitalisation, underpinned by good earnings retention over recent years.
“We are delighted that Irwell’s strong balance sheet and positive operating performance has been recognised by AM Best,” said Giles Reading, CEO of Irwell.
“Our impressive results stem from high client retention rates and an unwavering commitment to developing innovative, market-leading products that align with the evolving liability and legal expenses markets.
“This is a positive start to 2026 for Irwell and all our partners. It provides us with a platform to grow our product portfolio to satisfy evolving commercial risks and the complex needs of our coverholders,” Reading added.
Manchester based Irwell has a track record of positive operating performance, reporting a five-year (FY21-25) weighted average return on equity ratio of 14%. Underwriting profits are the main driver of earnings, with the company reporting a five-year weighted average combined ratio of 84%.
AM Best expects Irwell’s portfolio to grow over the medium term, supported by the expansion of its business through new and existing product lines.
For the Best’s Credit Rating, access http://www.ambest.com
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