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AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) to Bermuda-based 777 Re Ltd. The outlook assigned to these credit ratings is stable. The ratings reflect 777 Re’s balance shee...

Bermuda-based North End Re Ltd has been assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) by AM Best. The outlook assigned to these credit ratings is stable. AM Best said the ratings refle...

Bermuda-based global financial services provider Apex Group Ltd has secured a Fitch rating and affirmed its existing corporate ratings from Moody’s Investors Service and S&P Global Ratings ahead of the planned acquisition of Sanne Group Plc. Fitch Ra...

Curtis Dickinson, the Finance Minister, has dismissed criticisms from the Opposition One Bermuda Alliance of the use of the relatively new Kroll Bond Rating Agency (KBRA). Mr Dickinson said that Kroll was just one of the rating agencies that had rece...

Fitch Ratings has placed PartnerRe Ltd.'s (PRE) ratings on rating watch positive, including its 'A-' issuer default rating (IDR) and the 'A+' (Strong) insurer financial strength (IFS) rating of Partner Reinsurance Company Ltd., the company's principa...

The $9-billion pending sale of Bermuda-based PartnerRe Ltd has attracted the attention of rating agencies, with both Moody’s Investor Services and AM Best making statements affirming existing ratings. Moody's affirmed their A1 insurance financial str...

AM Best has affirmed the financial strength rating of the long-term Bermuda captive of the International Association of Superintendents, a subsidiary of the Swiss organisation SGS SA. A Bermuda captive since 1978, Transmonde Services Insurance Compan...

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of Hiscox Insurance Company (Bermuda) Limited and related Hiscox companies at Lloyd’s, in Guernsey, Chicago ...

Cole Simons, the Leader of the Opposition and shadow finance minister, is suspicious of government use of a little-known rating agency to complete a report on Bermuda. In a statement responding to last week’s announcement releasing the Kroll Bond Rat...

Bermuda is poised to play an important global role in building resilience to climate risk, a sovereign surveillance report on the country has determined. But the island lags in steps needed to address its own defence. The report points to gaps in the...

Bermuda was given the nod of approval by Kroll Bond Rating Agency (KBRA), affirming the island’s long-term issuer ratings and revising it from negative to stable. The report says that the ratings were affirmed because of several key credit considerat...

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of a- (Excellent) of Bermuda-based Watford Re Ltd and its subsidiaries. In addition,...