Press Release|Insurance
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KBRA Releases Surveillance Report for Somers Group and its Operating Subsidiaries

6 Nov 2025   |   New York

Contacts

On October 10, 2025, KBRA affirmed the A insurance financial strength ratings (IFSRs) of Somers Re Ltd. and its wholly owned direct and indirect subsidiaries: Watford Insurance Company Europe Limited, Axeria IARD, and Watford Specialty Insurance Company. Additionally, KBRA affirmed the BBB+ issuer rating of Somers Group Holdings Ltd. (Somers Group), the BBB+ debt rating on Somers Group’s senior unsecured notes due 2029, and the BBB debt rating on Somers Group’s subordinated unsecured notes due 2032. The Outlook for all ratings is Stable.

To access ratings and relevant documents, click here.

Click here to view the report.

About KBRA

KBRA, one of the major credit rating agencies, is registered in the U.S., EU, and the UK. KBRA is recognized as a Qualified Rating Agency in Taiwan, and is also a Designated Rating Organization for structured finance ratings in Canada. As a full-service credit rating agency, investors can use KBRA ratings for regulatory capital purposes in multiple jurisdictions.

Doc ID: 1011947