S&P reaffirms Gard’s A+ rating with a stable outlook
Gard continues to hold an A+ financial strength rating with a stable outlook, according to S&P Global Ratings’ latest analysis. The agency points to Gard’s dominant position in P&I, very strong capital and earnings, and diversified marine offering. In its analysis dated 26 August 2026, S&P says Gard has the “strongest competitive position among its ...
S&P Global Ratings has reaffirmed Gard's A+ financial strength rating with a stable outlook, according to the latest analysis. The agency recognizes Gard's dominant position in the P&I market, strong capital and earnings, and diverse marine offerings. S&P Global Ratings points out Gard's substantial market share and the acquisition of Codan's marine and energy business, which has further bolstered its position in renewable energy.
The analysis, dated August 26, 2026, notes that Gard is expected to maintain its strong capital position, improve underwriting performance, and continue returning premiums to Members. Torunn Biller White, Gard's Chief Financial Officer, emphasized that Gard's financial strength enables the company to take a long-term view and support Members and clients through changing market conditions.
S&P Global Ratings' chief financial officer's statement highlights the company's resilience and ability to navigate various market conditions.
The stable outlook suggests that S&P Global Ratings expects Gard to retain its leading position in P&I and marine insurance in the coming years. This prediction is supported by improving underwriting performance and continued capital strength. S&P Global Ratings' assessment reaffirms Gard's leading market position and broad marine offering, as the agency continues to recognize the company's market dominance.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
