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Report says Bermuda market companies remain well capitalised to absorb any unlikely and potentially significant losses

AM Best also affirms their financial strength and long-term issuer credit ratings

The ratings agency also affirmed the excellent financial strength rating and excellent long-term issuer credit rating

Bermudian-domiciled company acts primarily as an internal reinsurer for its affiliates, Lloyd’s Syndicate 2987 and Brit UW Limited

Agency says Bermudian-based company and its subsidiaries are well insulated from the debt difficulties of CM Bermuda

Four-year contract will see company provide insurance solutions to governmental, educational, and non-profit organisations across North America

Special general meeting to be held in London next month

The international ratings agency Standard & Poors said the upgrade reflects the improvement in balance sheet strength

Bermudian-based company says the sale is only subject to certain closing conditions

CEO says it’s business as usual for Bermudian-based specialty insurer and reinsurer