NorthStandard confirms "A" rating

NorthStandard has followed up strong renewal results after the first year of operating as a merged entity by announcing an "A" rating award from S&P Global Ratings. S&P said the "A" rating, alongside a stable outlook, reflected its expectation for NorthStandard to maintain capital adequacy in line with its 99.99 per cent confidence level and that "its underwriting results will be close to or better than breakeven in the next 12-24 months". The rating had been based on an assessment of NorthStandard's "strong competitive position, supported by its sound operating performance relative to peers", the ratings organisation said. North Standard reported a rise in premium income in its 2024-2025 renewal announcement, after positive market responses to its post-merger scale and global operating structure.