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AM Best said that credit ratings of Fortitude Reinsurance Company Ltd. and its affiliate, Fortitude International Reinsurance Ltd., remain unchanged following their March 31 announcements. Fortitude has made it known that it has entered into an agree...

Russia’s invasion of Ukraine likely will impact the global insurance industry substantially in the near to midterm, AM Best believes. The rating agency said this is probable, especially given the significant fallout in the capital markets and potenti...

Bermuda-headquartered Allied World’s improved profitability and capitalisation has led Moody's Investors Service to upgrade the insurance financial strength (IFS) ratings of the company’s insurance operating subsidiaries (collectively, Allied World) ...

Related Bermuda-domiciled companies have maintained strong and stable credit ratings, it has been announced. AM Best has affirmed the financial strength rating of A- (excellent) and the long-term issuer credit rating of “a-” (excellent) of Harrington...

Coralisle Group Ltd.’s subsidiaries’ Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) have been placed under review with developing implications by AM Best. The rating action follows the Coralisle ...

Fitch Ratings has maintained the 'BBB' insurer financial strength rating for Bermuda-based Aspida Life Re Ltd. on rating watch negative. The rating notice continues to reflect Fitch's expectation that the life writer’s IFS rating will either be maint...

Apex Group Ltd has secured corporate ratings from Moody’s Investors Service and S&P Global Ratings. The Bermudian-based global financial services provider said the Group and its subsidiaries were assigned a “B2” corporate family rating by Moody’s and...

AM Best Co. has withdrawn the financial strength rating of A (Excellent) and the issuer credit rating of “a” of American Safety Reinsurance, Ltd. (AS Re). Making the announcement, A.M. Best stated: “The recent sale of AS Re to Catalina Holdings (Berm...

AM Best Co has announced they have upgraded the financial strength rating to A+ (Superior) from A (Excellent) and issuer credit ratings (ICR) to ‘aa-’ from ‘a+’ of AXIS Specialty Limited (AXIS) and its operating affiliates. Concurrently, AM Best has ...