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The Class 3A Bermuda insurer and reinsurer is a direct subsidiary of North Carolina-based Enact Mortgage Insurance Corporation

Nissan Motor Corporation has had its excellent AM Best ratings affirmed by the rating agency

Amendment follows the completed acquisition of the company by funds managed by Onex Partners

The organisation said the revision reflects its balance sheet strength, strong operating performance and risk management expertise

The company is a life and annuity, Bermuda Class E reinsurer with a focus on managing longer dated run off liabilities

Enstar is to be acquired by Sixth Street, the San Francisco-headquartered global investment firm, in a $5.1 billion transaction

The agency has given the Bermudian-based company a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a” (Excellent)

The company requested to no longer participate in the rating process

The companies rated by the agency include Munich Re of Bermuda Ltd

The company’s ultimate owner is Grupo ASSA SA, a financial services holding company publicly traded on the Panama Stock Exchange

They include Everest Reinsurance (Bermuda) Ltd

The agency said the ratings take into consideration the benefits and support AGRO receives from the AGL group of companies