World Insurance Report
ESG Re downgraded again
Dismal third-quarter results have forced yet another ratings downgrade of struggling reinsurer ESG Re. The company’s three
operating subsidiaries, European Specialty Re (Bermuda), European Specialty Re (Ireland) and European Specialty Rück were
all downgraded from BB+ to B+ by Standard & Poor’s (S&P). As before, the agency’s outlook remains negative.