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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...

It is unlikely that there will be significant job losses in Bermuda’s insurance sector as a result of US tax changes, however direct investment flows from the US could fall. Those are among the thoughts presented by Moody’s Investors Service, part of...

Ratings agency AM Best has put the financial strength rating of the parent of OneBeacon Insurance Group under review with positive implications following the announcement of its impending sale to Canadian insurer Intact Financial Corporation. OneBea...

Bermudian-based MS Frontier Reinsurance’s financial strength rating has been affirmed by agency AM Best. MS Frontier retained it’s A (excellent) rating for financial strength and its a- for issuer credit. The outlook for both is stable. The AM Best r...

The Bermuda arm of insurer International General Insurance has had its A- financial strength and counterparty credit ratings affirmed by Standard & Poor’s. The agency also reaffirmed Dubai-based IGI’s A- rating for insurer financial strength for the ...

Bermuda's rating has been downgraded to A2 from A1 by Moody's Investors Service. The high level of interest repayments the Bermuda Government makes to service the island's debt of more than $2.2 billion was among the determining factors that led to M...

Bermuda’s rating has been downgraded to A2 from A1 by Moody’s Investment Service. The rating has been given a stable outlook. Bob Richards, the Minister of Finance, said: “Given the momentum we continue to gain in reducing the deficit, as outlined in...

Bermuda’s sovereign credit rating was affirmed at A+ by Standard & Poor’s Rating Services. The rating is important, as it influences the interest rate the Bermuda Government — which is carrying gross debt of more than $2.2 billion — will have to pay ...

Ratings agency Moody’s has downgraded Bermuda’s macro profile from “moderate+” to “moderate”. The agency said the move reflected “the lowering of its assessment for institutional strength based on the World Bank’s worldwide governance indicators for ...

Jersey and Guernsey have had their long-term credit ratings cut by Standard & Poor’s Ratings Service, with both jurisdictions being lowered from AA+ to AA. The changes reflect concerns about increasing regulatory complexity and demands, with the rati...

Fitch expects more mergers and takeovers to come in the Bermuda reinsurance market amid tough market conditions. However, the credit rating agency sees the equivalency with Solvency II, the new European Union insurance regulations, as boosting the Is...