Enstar Subsidiary Assigned “A” Financial Strength Rating by AM Best
Enstar Group (NASDAQ: ESGR) announced that its subsidiary Cavello Bay Reinsurance has received an 'A' (Excellent) Financial Strength Rating and an 'a+' (Excellent) Long-Term Issuer Credit Rating from AM Best, with a stable outlook.
The credit rating agency highlighted Enstar's strong track record in managing complex claims and noted that the ratings reflect the company's balance sheet strength and robust operating performance, which is expected to maintain its current level throughout 2025.
According to Matt Kirk, Enstar's Group CFO, the rating demonstrates the company's established position in the global legacy market and confirms their strong capital position and resilient business model. The 'A' rating for Cavello Bay is expected to enhance their ability to structure insurance transactions supporting partners' strategic objectives.
Enstar Group (NASDAQ: ESGR) ha annunciato che la sua controllata Cavello Bay Reinsurance ha ricevuto un rating di solidità finanziaria 'A' (Eccellente) e un rating di credito a lungo termine 'a+' (Eccellente) da AM Best, con un outlook stabile.
L'agenzia di rating ha evidenziato l'ottimo track record di Enstar nella gestione di sinistri complessi e ha notato che i rating riflettono la solidità del bilancio dell'azienda e le sue robuste performance operative, che si prevede manterrà il suo attuale livello fino al 2025.
Secondo Matt Kirk, CFO del Gruppo Enstar, il rating dimostra la posizione consolidata dell'azienda nel mercato globale dei legacy e conferma la loro forte posizione di capitale e il modello di business resiliente. Il rating 'A' per Cavello Bay dovrebbe migliorare la loro capacità di strutturare transazioni assicurative a supporto degli obiettivi strategici dei partner.
Enstar Group (NASDAQ: ESGR) anunció que su subsidiaria Cavello Bay Reinsurance ha recibido una calificación de solidez financiera de 'A' (Excelente) y una calificación de crédito a largo plazo de 'a+' (Excelente) de AM Best, con una perspectiva estable.
La agencia de calificación destacó el sólido historial de Enstar en la gestión de reclamaciones complejas y señaló que las calificaciones reflejan la fortaleza del balance de la empresa y su robusto rendimiento operativo, que se espera que mantenga su nivel actual hasta 2025.
Según Matt Kirk, CFO del Grupo Enstar, la calificación demuestra la posición establecida de la empresa en el mercado global de legado y confirma su sólida posición de capital y modelo de negocio resiliente. Se espera que la calificación 'A' para Cavello Bay mejore su capacidad para estructurar transacciones de seguros que apoyen los objetivos estratégicos de sus socios.
Enstar Group (NASDAQ: ESGR)는 그 자회사인 Cavello Bay Reinsurance가 AM Best로부터 'A' (우수) 재무 건전성 등급과 'a+' (우수) 장기 발행자 신용 등급을 안정적인 전망과 함께 받았다고 발표했습니다.
신용 평가 기관은 복잡한 청구 관리에서 Enstar의 강력한 실적을 강조하며, 이러한 등급이 회사의 재무 상태와 견고한 운영 성과를 반영하고 있으며, 2025년까지 현재 수준을 유지할 것으로 예상된다고 언급했습니다.
Matt Kirk Enstar 그룹 CFO에 따르면, 이 등급은 글로벌 레거시 시장에서 회사의 확립된 위치를 보여주며, 강력한 자본 위치와 회복력 있는 비즈니스 모델을 확인합니다. Cavello Bay의 'A' 등급은 파트너의 전략적 목표를 지원하는 보험 거래를 구조화할 수 있는 능력을 향상시킬 것으로 기대됩니다.
Enstar Group (NASDAQ: ESGR) a annoncé que sa filiale Cavello Bay Reinsurance a reçu une note de solidité financière de 'A' (Excellente) et une note de crédit à long terme de 'a+' (Excellente) de la part d'AM Best, avec une perspective stable.
L'agence de notation a souligné le solide parcours d'Enstar dans la gestion des sinistres complexes et a noté que les notes reflètent la solidité du bilan de l'entreprise et ses performances opérationnelles robustes, qui devraient maintenir leur niveau actuel jusqu'en 2025.
Selon Matt Kirk, CFO du Groupe Enstar, la note démontre la position établie de l'entreprise sur le marché mondial des legacy et confirme leur solide position en capital et leur modèle commercial résilient. La note 'A' pour Cavello Bay devrait améliorer leur capacité à structurer des transactions d'assurance soutenant les objectifs stratégiques de leurs partenaires.
Enstar Group (NASDAQ: ESGR) gab bekannt, dass ihre Tochtergesellschaft Cavello Bay Reinsurance eine 'A' (Ausgezeichnet) Finanzstärke-Bewertung und eine 'a+' (Ausgezeichnet) Langfristige Emittenten-Kreditbewertung von AM Best erhalten hat, mit einem stabilen Ausblick.
Die Ratingagentur hob Enstars starke Erfolgsbilanz im Umgang mit komplexen Schadensfällen hervor und stellte fest, dass die Bewertungen die Stärke der Bilanz des Unternehmens und die robuste operative Leistung widerspiegeln, die voraussichtlich bis 2025 auf dem aktuellen Niveau bleiben wird.
Laut Matt Kirk, CFO der Enstar Group, zeigt die Bewertung die etablierte Position des Unternehmens im globalen Legacy-Markt und bestätigt ihre starke Kapitalposition sowie das resiliente Geschäftsmodell. Die 'A'-Bewertung für Cavello Bay wird voraussichtlich ihre Fähigkeit verbessern, Versicherungstransaktionen zu strukturieren, die die strategischen Ziele der Partner unterstützen.
- Received 'A' (Excellent) Financial Strength Rating from AM Best
- Assigned 'a+' (Excellent) Long-Term Issuer Credit Rating
- Strong balance sheet strength acknowledged by AM Best
- Robust operating performance expected to maintain through 2025
- None.
HAMILTON, Bermuda, March 07, 2025 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that the credit rating agency AM Best has assigned a Financial Strength Rating of “A” (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent) to Cavello Bay Reinsurance Limited (Cavello Bay), a subsidiary of Enstar Group Limited (Enstar) and its primary non-life run-off consolidator and a Class 3B reinsurer. The outlook assigned to these Credit Ratings is stable.
On issuing its rating, AM Best highlighted Enstar’s “long track record of effectively managing claims in complicated lines of business”, noting that the ratings reflect Enstar’s balance sheet strength, as well as its strong operating performance, which it believes should remain at the current level throughout the remainder of 2025.
Matt Kirk, Enstar’s Group Chief Financial Officer, said, “The AM Best Financial Strength Rating reflects Enstar’s established standing in the global legacy market and is further confirmation of our strong capital position and the resilience of our business model. The “A” rating for Cavello Bay, our primary Bermuda reinsurer, affirms our commitment to insurance ratings and will enhance our ability to structure insurance transactions that support the strategic objectives of our partners.”
About Enstar
Enstar is a NASDAQ-listed leading global insurance group that offers innovative capital release solutions through its network of group companies in Bermuda, the United States, the United Kingdom, Continental Europe, Australia, and other international locations. A market leader in completing legacy acquisitions, Enstar has acquired more than 120 companies and portfolios since its formation in 2001. For further information about Enstar, see www.enstargroup.com.
Cautionary Statement
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements regarding the intent, belief or current expectations of Enstar and its management team. Investors can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as ‘aim’, ‘anticipate’, ‘estimate’, ‘expect’, ‘intend’, ‘will’, ‘project’, ‘plan’, ‘believe’, ‘target’ and other words and terms of similar meaning in connection with any discussion of future events or performance. Investors are cautioned that any such forward-looking statements speak only as of the date they are made, are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Specifically, Enstar’s ability to structure and execute insurance transactions profitably is dependent on many factors. Important risk factors regarding Enstar can be found under the heading "Risk Factors" in our Form 10-K for the year ended December 31, 2024 and are incorporated herein by reference. Furthermore, Enstar undertakes no obligation to update any written or oral forward-looking statements or publicly announce any updates or revisions to any of the forward-looking statements contained herein, to reflect any change in its expectations with regard thereto or any change in events, conditions, circumstances or assumptions underlying such statements, except as required by law.
Contact:
For Enstar:
For Investors: Matthew Kirk (investor.relations@enstargroup.com)
For Media: Jenna Kerr (communications@enstargroup.com)
FAQ
What rating did AM Best assign to Enstar's subsidiary Cavello Bay Reinsurance?
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What factors contributed to Cavello Bay Reinsurance's strong AM Best rating?
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