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Ratings agency Standard & Poors has reaffirmed Bermuda’s A+ sovereign credit and long and short term debt ratings, the finance minister announced last night. The reaffirmation of Bermuda's A+ long-term sovereign credit and senior unsecured debt rati...

AM Best has improved the outlook for two subsidiaries of Bermudian-based Convex Group Ltd. The agency has revised the outlooks to positive from stable and affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating...

Bermudian-based reinsurer Group Ark Insurance Ltd has been assigned a financial strength rating of A (Excellent) by AM Best, the global credit rating agency. GAIL was also assigned a long-term issuer credit rating of “a”. AM Best said the outlook ass...

AM Best has affirmed the financial strength ratings of A of Qatar Insurance Company and its Bermudian subsidiary, Qatar Reinsurance Company Ltd, with a negative outlook. The ratings reflect QIC’s balance sheet strength, which AM Best categorises as ...

AM Best has affirmed the A financial strength rating of Coralisle Group operating subsidiaries. The ratings agency said it rated Coralisle’s balance sheet as “strongest” and expected the company to report strong earnings. AM Best stated: “The group’...

Bermudian-based Legal and General Reinsurance said today that Fitch Ratings has upgraded its insurer financial strength to AA- from A+. AA ratings suggest a very low expectation of ceased or interrupted payments, and they indicate very strong capacit...

Bermuda’s A+ rating for long-term sovereign credit has been affirmed by Standard & Poor’s. Finance minister Curtis Dickinson said rating agency S&P performed a review on Bermuda’s sovereign credit worthiness in light of the Bermuda Government’s inten...

AM Best has affirmed the credit ratings of Colonial Group after a review sparked by losses related to Hurricane Dorian. The rating agency said today it had removed the Bermudian-based insurer’s A financial strength rating from under review with devel...

Bermudian-based Oil Insurance Ltd, a mutual insurer for the energy industry, has had its financial strength rating raised to A from A- by Standard and Poor’s Global Ratings. S&P also raised Oil’s issue-level rating to BBB+ from BBB. The outlook is st...

Moody’s Investors Service expects Bermuda to achieve economic growth averaging 1.5 per cent between 2017 and 2021. The ratings agency has also noted the Bermuda Government’s efforts to diversify the economy through financial technology, such as block...

Ratings agency Standard and Poor has revised its outlook on Bermuda, raising it from stable to positive. David Burt, the Premier and Minister of Finance, celebrated the announcement. “Standard and Poor’s in their overview stated Bermuda’s credit stor...

AM Best has affirmed the ratings of Bermudian-based life insurer and annuities provider Athene Holdings. Athene’s financial strength rating remains at A and its long-term issuer credit rating at “a”. The outlook of Athene and its operating subsidiari...