...Small-Risk Baring Scale Reinsurer: Fitch Ratings ranks Eureka-Re SCC's (Eureka-Re) company profile as 'less favorable' compared to global peers. This is primarily due to its small scale, which materially influences the Insurer Financial Strength (IFS) rating. The company profile benefits from a globally diversified portfolio across Latin America, the U.S., APAC, and EMEA, and operates through both risk- bearing and fee-based business models. Diversification increased over the past year, supported by 50% average growth in gross written premiums and a growing presence in EMEA and APAC. Continued global expansion is expected. XS Global's experienced senior management supports risk appetite through robust underwriting policies, while Integrity Life Insurance Company (Integrity; AA/Stable) provides the company's fee-based business. Diversification is also supported by two revenue models: risk-bearing and fee-based. Solid Capital, Leverage Challenges: Eureka-Re's capitalization score of 'a-'...
