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The upgraded excellent credit ratings and excellent long-term issuer ratings are for CG United Insurance Ltd of Barbados

AM Best says company has a history of using reinsurance strategically

AM Best said it will continue to monitor an acquisition by the company’s ultimate parent

Brian Duperreault-led company is expected to begin operating this year

The agency said the affirmations reflect a continuation of PartnerRe’s solid operating performance and capital position

The agency said the company’s ratings reflect its strategic importance to and integration within the Canopius group

PMG Assurance Ltd writes commercial property, marine, directors and officers, cyber risk and employee benefits insurance for Sony and its affiliates

Agency expects group to report first full year of operating profitability

The Bermudian-based reinsurer concluded all operations and was dissolved last month

After a dismal 2022, AM Best says 2023 was good for global reinsurers and 2024 could be even better

The reasons for the ratings upgrade included an improved view of Essent’s capital adequacy

The company, which commenced operations in 2016, is sponsored by Axis Capital Holdings Ltd and The Blackstone Group