Hashtag: #BermudaInsurance
AM Best Revises Conduit Re Outlook To Stable
AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] of Conduit Reinsurance Limited [Conduit Re] [Bermuda]. The ratings agency said, “The Credit Ratings [ratings] reflect Conduit Re’s balance sheet strength, which AM Best... Read more of this article
AM Best Assigns Credit Ratings To AIRG
AM Best has assigned a Financial Strength Rating of A [Excellent] and a Long-Term Issuer Credit Rating of “a+” [Excellent] to American International Reinsurance Global, Ltd. [AIRG] [Bermuda], a subsidiary of American International Group, Inc. [AIG]. The outlook assigned to these Credit Ratings [ratings] is positive. A statement from the ratings... Read more of this article
AM Best Upgrades Issuer Credit Rating Of GAIL
AM Best has upgraded the Long-Term Issuer Credit Rating [Long-Term ICR] to “a+” [Excellent] from “a” [Excellent] and affirmed the Financial Strength Rating [FSR] of A [Excellent] of Group Ark Insurance Limited [GAIL] [Bermuda]. The ratings agency said, “The outlook of the Long-Term ICR has been revised to stable from positive while the outlook... Read more of this article
AM Best Affirms Harrington & Castle Harbour
AM Best has affirmed the A [Excellent] and “a+” ratings of Bermuda-based SLB captives Castle Harbour and Harrington, citing strongest capitalisation and strong performance with a stable outlook. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings of “a+”... Read more of this article
Prismic Announces Close Of $1.3B Capital Raise
Prismic Life Holding Company, LP announced the successful completion of its third capital raise of US$1.3 billion. A spokesperson said, “Prismic is sponsored by Prudential Financial, Inc.and Warburg Pincus, global leaders in insurance and investment management. Prismic has been supported by a global consortium of world-class investors who participated... Read more of this article
AM Best Affirms Credit Ratings Of Stellar
AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a+” [Excellent] of Stellar Insurance, Ltd. [Stellar] [Bermuda], an indirectly wholly owned subsidiary of the Saudi Arabian Oil Company [SAOC]. The outlook of these Credit Ratings [ratings] is stable. The ratings agency said, “The ratings... Read more of this article
WiRe Bermuda Appoints Two New Directors
Women in Reinsurance [WiRe] announced the appointment of Katie Partington Howarth and Adria Da Breo Richards to its Board of Directors. A spokesperson said, “Both have extensive leadership experience, strategic insight, and a shared commitment to advancing women in the reinsurance industry. Katie Partington Howarth “Katie brings over 25... Read more of this article
Fidelis Launches AI Data Centre Consortium
The Fidelis Partnership announced the “launch of a new consortium targeting risks associated with the construction of AI data centres.” A spokesperson said, “With estimates suggesting that the AI data centre market could rapidly represent billions in new premium a year, the Consortium will target Excess Layers in Construction risk... Read more of this article
AM Best Revises Golden Tree’s Ratings
AM Best has revised the outlook for Golden Tree Reinsurance Limited’s Long-Term Issuer Credit Rating to positive from stable, affirming its Financial Strength Rating of B++ [Good] and Long-Term ICR of “bbb” [Good], citing the company’s strongest balance sheet, adequate performance, and sustained growth. A statement from the ratings agency said,... Read more of this article
EY Renews 2026 Risk Summit Sponsorship
EY has renewed its support as a headline sponsor for the 2026 Bermuda Risk Summit. A spokesperson said, “Now in its fifth consecutive year, EY’s global network and sector expertise help attract top-tier speakers and international delegates, elevate the programme, and translate insight into market action. “Hosted by the Bermuda business Development... Read more of this article
ABIR Members Employ Record Numbers
Member companies of the Association of Bermuda Insurers and Reinsurers [ABIR] “employed a record number of Bermudians in 2024, as well as a new high annual contribution of $1,210,566,922 to Bermuda’s economy.” A spokesperson said, “These numbers were among the highlights of ABIR’s 20th Annual Economic Substance Survey, which saw... Read more of this article
Over 350 Attend 2025 ILS Convergence Event
Over 350 delegates from nine countries attended the 2025 ILS Convergence event in Bermuda for three days of “insightful discussion, innovation, and collaboration in the insurance-linked securities [ILS] sector.” A spokesperson said, “The annual ILS Convergence event, held from October 13–15, 2025, concluded with resounding success,... Read more of this article
