AM Best affirms Coralisle’s credit rating
AM Best has affirmed the financial strength rating of ‘A’ (Excellent) for Bermuda based Coralisle Group’s life, health and property and casualty subsidiaries across Bermuda and the Caribbean.
The credit ratings agency also affirmed the long-term issuer credit ratings of ‘a’ (Excellent) and ‘stable’ credit outlooks for the group’s subsidiaries.
CG’s chief executive Naz Farrow was pleased by these results.
“This recognition reflects our continued focus on building and maintaining a strong financial foundation year on year,” Ms Farrow said. “Through disciplined execution and a consistent approach across the Group, we ensure we are well positioned to provide meaningful support to our clients when they need us most.”
AM Best said the ratings affirmations reflect CG’s balance sheet strength, which it continues to assess as strongest, along with CG’s operating performance, business profile and enterprise risk management.
CG also maintained the strongest level of risk adjusted capitalisation, supported by strong liquidity and the ability to efficiently deploy resources across the organisation.
The group’s financial position remains underpinned by disciplined underwriting, prudent capital management and continued operational alignment across jurisdictions, AM Best said.
The rating agency added that CG is expected to continue generating stable results in 2026, supported by steady premium growth and sustained performance across its core markets.
• For the full press release see Related Media
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