The agency also maintains an 'AA-' insurer financial strength (IFS) rating, and a 'stable' rating outlook for Protective Life.
A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the long-term issuer credit rating of ‘a’ (Excellent) of Lumen Re, based in Bermuda.
S&P indicates that Bermuda’s economy is on track to continue growing, reflecting the strength in the international business sector, particularly (re)insurance.
As a captive insurer of Signet Jewelers, ZIC is a provider of third-party credit insurance and warranty coverage to the customers of its affiliated retailers.
As the only captive insurer for Pfizer, Blue Whale provides coverage with ample limits and substantial retentions, augmenting significant reinsurance capacity and supporting its obligations.
Jacana Re, established in Bermuda in 2004 and re-domiciled to Guernsey in 2013, underwrites the risks from the parent company’s operations in South Africa and Australia.
The upgrade reflects improved enterprise risk management practices, policies and procedures around Trisura’s risk management of US captive reinsurance contracts.
