Echo Re has been informed of the decision by S&P Global Ratings (S&P) to affirm the company’s Financial Strength Rating of ‘A-’ with a revised outlook ‘positive‘.
The positive outlook recognises Echo Re’s improving operating performance of Echo Re and its strong and consistent business growth, which is enabling a more solid and sustainable underwriting performance.
Fabian Pütz, Chief Executive Officer of Echo Re, comments: „We are very delighted to see that the significant achievements in further strengthening Echo Re’s company profile, profitability and organisational resilience have been recognised with a positive outlook on our Financial Strength Rating. This is a great recognition of the work of the entire Echo Re team and further motivates us to confirm the positive trend going forward. With the strong backing of the DEVK Group, a consistent underwriting appetite and a great team, I am convinced that we will make further progress in realising the full potential of the company in the coming years. This will benefit our business partners and our strategic mandate to diversify the DEVK Group’s portfolio with multi-line exposures from Asia-Pacific, the Middle East, Africa, Latin America and the Caribbean.“
Echo Re Ltd., Brandschenkestrasse 18-20, 8001 Zurich (Switzerland)
Gregor Schulte, Chief Financial & Operating Officer, phone +41 44 283 16 17, firstname.lastname@example.org
About Echo Re
Echo Re was founded in 2008 and is a wholly owned subsidiary of the German DEVK Group. Its treaty reinsurance portfolio covers all P&C and a broad range of specialty lines of business from cedants in Asia, the Middle East, Africa, Latin America and the Caribbean.