KUALA LUMPUR, Aug 7 (Bernama) -- The Fortegra Group Inc (Fortegra), a global speciality insurer and part of DB Insurance Co Ltd, has received ratings upgrades from AM Best and KBRA following its acquisition by the South Korean insurer.
In a statement, the company said AM Best upgraded the financial strength rating (FSR) of its insurance subsidiaries to A (Excellent) from A- (Excellent) and the long-term issuer credit ratings (ICRs) to "a" (Excellent) from "a-" (Excellent).
The ratings carry a stable outlook, and AM Best has removed them from under review with positive implications.
The upgrade applies across Fortegra's property and casualty, life and health insurance subsidiaries in the United States and Europe.
The company said the rating action follows DB Insurance's acquisition of Fortegra on May 29, 2026. According to AM Best, the upgrade reflects Fortegra's strategic importance to DB Insurance and the benefits of operating as part of a larger, higher-rated insurance group.
KBRA also upgraded all of its ratings for Fortegra, including the insurance financial strength ratings of its key insurance subsidiaries to A from A-, and the issuer rating of The Fortegra Group to BBB+ from BBB, with a stable outlook.
-- BERNAMA