Genesis Global Re Limited is pleased to announce that AM Best has revised its outlooks to Positive from Stable and affirmed its Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent).

The announcement represents an important milestone for Genesis and reflects the company’s strategic role within the La Colonial group, as well as its continued focus on disciplined underwriting, sound risk management and sustainable international growth.

In its assessment, AM Best noted Genesis’ strategic importance as a subsidiary of La Colonial, S.A. – Compañía de Seguros. The ratings also reflect the strength of La Colonial on a consolidated basis, which AM Best assesses as strongest, together with its adequate operating performance, neutral business profile and appropriate enterprise risk management.

The revision of the outlooks to Positive reflects La Colonial’s continued improvement in operating performance. AM Best cited the favourable trend in underwriting results as a key factor, with this progress supporting the positive assessment of Genesis.

For Genesis, the affirmed ratings and revised outlook underscore the value of its position within the Group and the strength of the framework supporting its operations. The company remains focused on providing dependable reinsurance solutions, maintaining a prudent approach to risk and supporting the Group’s broader international diversification strategy.

This recognition from AM Best reinforces Genesis’ ongoing commitment to its clients, partners and stakeholders. As the company continues to develop its international presence, it will remain focused on building long-term relationships, delivering consistent value and maintaining the high standards expected of a trusted reinsurance partner.

Genesis Global Re Limited welcomes this latest assessment and looks forward to continuing its contribution to the La Colonial group’s growth and international ambitions.

For further details, read the full AM Best rating announcement.