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A.M. Best Co. reported that it has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to ‘a’ from ‘a-’ of Flagstone Reassurance Suisse S.A. The outlook for both ratings is stable. Best said: “The ...

Fitch Ratings has assigned a long-term foreign currency rating of ‘AA-’ to the Government of Bermuda’s USD750 million Global bond (4.854% coupon) maturing in 2024. The proceeds will go toward repaying public debt and fund current and future budget de...

A.M. Best Co. has placed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of S.A.C. Re, Ltd. (SAC Re) under review with negative implications. The announcement was made in a press release from A.M. Best this afternoon,...

Bermuda’s re/insurers overall have been able to weather the recent storm of heightened catastrophe losses and should be well-positioned to take advantage of improvements in the underwriting environment, according to a report released by Fitch Ratings...

Third Point Reinsurance Ltd has been assigned a financial strength rating of A- (excellent) and issuer credit rating of “a-” by AM Best Co. The outlook assigned to both ratings is stable. Best said that the ratings of Third Point Re were based on its...

Hiscox Insurance Company (Bermuda) Ltd, Hiscox Insurance Company Ltd and Hiscox Insurance Company (Guernsey) Ltd have been affirmed the financial strength rating (FSR) of A (excellent) and issuer credit rating (ICR) of “a” by AM Best Europe Rating Se...

The outlook for Bermuda-based Axis Specialty Ltd and its operating affiliates has been revised to positive from stable and they have been affirmed the financial strength rating (FSR) of A (excellent) and issuer credit ratings (ICR) of “a+” by AM Best...

Shares of Bermuda-based bond insurer Assured Guaranty fell 6.3 percent yesterday on concerns that its financial strength rating could be downgraded on new criteria proposed by ratings agency Standard & Poor’s. S&P said on Monday that it came up with ...