The latest from the Swedish Club for you;
The Swedish Club (TSC) is pleased to confirm that global credit rating agency AM Best has maintained its Financial Strength Rating of A- (Excellent) rating, with a stable outlook.
According to AM Best, the ratings reflect the Club’s “very strong” balance sheet strength, alongside adequate operating performance, a neutral business profile and appropriate enterprise risk management.
Thomas Nordberg, Chief Executive Officer (CEO) of The Swedish Club, said the outcome reflected steady progress across the business: “The stable outlook reflects the consistency we have brought to underwriting, investment strategy and risk management, and underlines our long-term focus on delivering sustainable value for members and brokers. As we look ahead to the release of our 2025 full-year results, our experience throughout the year and the underlying performance across the Club point to the continued strength of the business model and reinforce confidence in the journey we are on.”
AM Best noted that TSC’s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), which improved to the strongest level at year-end 2024. Free reserves increased during the year, driven by elevated investment returns, and are expected to improve further by year-end 2025. The agency also highlighted the Club’s strong liquidity position, with liquid assets representing 134% of net technical provisions at year-end 2024.
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