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The ratings will remain under review with developing implications pending regulatory approvals from the Bermuda Monetary Authority and purchase of shares by Argus

BNY Trade and Hamilton are single-parent captives of their ultimate parent, the Bank of New York Mellon Corporation

A 2011 report of the Financial Crisis Inquiry Commission finds that “the failures of credit-rating agencies were essential cogs” in the 2008 financial crisis

AM Best says Aegis continues to maintain the strongest level of risk-adjusted capitalisation

The ratings agency said Convex has demonstrated excellent market acceptance since its inception

AM Best says recent strategic shifts by the company have helped moderate the underwriting performance volatility

Ratings actions follow the announcement that Validus Re is to be sold to RenaissanceRe Holdings Ltd

The agency downgraded the Long-Term Issuer Default Ratings of Digicel companies

The credit ratings of Bermudian-domiciled Nectaris Re Ltd have been affirmed by AM Best

Athora Life Re excellent credit ratings affirmed by agency AM Best, as the Bermuda reinsurer continues its growth trajectory

A Bermudian-based reinsurer has been assessed by the credit ratings agency AM Best

AM Best says that a Class 3A Bermuda reinsurer’s regulatory and capital requirements makes for a doubtful future