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AM Best has affirmed the financial strength rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) of island-based Orion Reinsurance (Bermuda) Ltd. The outlook of these credit ratings is stable. The agency said that the ratings r...

AM Best has revised the outlooks to positive from stable and affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “a-” (Excellent) of Denver-headquartered Oceanview Life and Annuity Company and its reins...

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit ratings of a+ (Excellent) of Bermuda-domiciled captive insurers Castle Harbour Insurance Limited and Harrington Sound Insurance Limited. The companies...

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of Bermuda-registered International General Insurance Co Ltd, (IGICL) (Bermuda), International General Insu...

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermuda-based Stellar Insurance Ltd, an indirect wholly-owned subsidiary of Saudi Arabian Oil Company. The outlook of the...

AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) to Bermuda-based 777 Re Ltd. The outlook assigned to these credit ratings is stable. The ratings reflect 777 Re’s balance shee...

Bermuda-based North End Re Ltd has been assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) by AM Best. The outlook assigned to these credit ratings is stable. AM Best said the ratings refle...

Bermuda-based global financial services provider Apex Group Ltd has secured a Fitch rating and affirmed its existing corporate ratings from Moody’s Investors Service and S&P Global Ratings ahead of the planned acquisition of Sanne Group Plc. Fitch Ra...

Curtis Dickinson, the Finance Minister, has dismissed criticisms from the Opposition One Bermuda Alliance of the use of the relatively new Kroll Bond Rating Agency (KBRA). Mr Dickinson said that Kroll was just one of the rating agencies that had rece...

Fitch Ratings has placed PartnerRe Ltd.'s (PRE) ratings on rating watch positive, including its 'A-' issuer default rating (IDR) and the 'A+' (Strong) insurer financial strength (IFS) rating of Partner Reinsurance Company Ltd., the company's principa...

The $9-billion pending sale of Bermuda-based PartnerRe Ltd has attracted the attention of rating agencies, with both Moody’s Investor Services and AM Best making statements affirming existing ratings. Moody's affirmed their A1 insurance financial str...

AM Best has affirmed the financial strength rating of the long-term Bermuda captive of the International Association of Superintendents, a subsidiary of the Swiss organisation SGS SA. A Bermuda captive since 1978, Transmonde Services Insurance Compan...