Athora Subsidiaries assigned Investment Grade Ratings by Fitch

PEMBROKE, Bermuda – Athora Holding Ltd. (together with its subsidiaries, “Athora”) is pleased to announce that members of its group have been assigned inaugural credit ratings by Fitch Ratings. 

Athora’s principal reinsurance subsidiaries, Athora Life Re Ltd. and Athora Ireland plc, have both been given Insurer Financial Strength Ratings of BBB+ with a stable outlook.  Fitch’s ratings and analysis reflect the ability of an insurer to meet its policyholder, reinsurance, and contract holder obligations on a timely basis.  These investment grade ratings reflect the strong capitalisation of and appropriate leverage within the subsidiaries as well as strong asset/liability management (ALM) and liquidity management practices.

Michele Bareggi, Group Managing Partner at Athora stated: “We are very pleased to announce these ratings for Athora as they represent a significant milestone in our journey to build a leading insurance and reinsurance business in Europe.  They also provide further external validation of our reinsurance business model and additional assurance for our stakeholders, especially given our focus on long-term guaranteed liabilities.”

Fitch’s press release is available on the agency’s website at the following address: https://www.fitchratings.com/site/pr/10052890