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The Class 3 insurer is licensed and regulated by the Bermuda Monetary Authority

Bermudian-based Class 3A insurer assumes risks from a Colombian company

The company operates as an inter company reinsurer, providing the broader Arch Capital Group Ltd with capital efficiencies

The agency said it will continue to monitor the progress of its current legal action

A credit ratings strategist thinks American financial markets will outperform those in other parts of the world

A rating agency has said the reinsurer has suffered temporary realised investment losses caused by rising interest rates, which hit earnings negatively

Agency says they are based on historically strong operating performance, balance sheet strength and strong management team

Credit ratings agency also affirms financial strength rating and long-term issuer credit ratings

Meanwhile, Fidelis Insurance Bermuda has successfully closed a new catastrophe bond

AM Best has upgraded CG United’s financial strength rating, two years after it was acquired by CG Group

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