Enact Re, a Bermuda‑based reinsurer, has received an A‑ rating from the American rating agency AM Best, with the rating reaffirmed in its latest assessment. The agency cited the company’s robust capital position, prudent underwriting, and effective risk‑management framework as key factors in maintaining the rating. The A‑ rating places Enact Re among the top tier of global reinsurance firms.

The reaffirmation is significant for Bermuda’s insurance ecosystem, which hosts more than 30% of the world's reinsurance capacity. A strong rating enhances Enact Re’s credibility with clients, underwriters, and investors, potentially expanding its market share in the highly competitive Atlantic reinsurance market. Local insurers and reinsurers often benchmark against such ratings to gauge stability and performance.

Enact Re’s chief executive, Michael O’Neil, said the reaffirmation validates the firm’s long‑term strategy and underscores its commitment to maintaining high capital adequacy. He added that the rating supports the company’s plans to broaden its product offerings in catastrophe and cyber‑risk lines, areas of growing demand among Bermuda’s financial services sector.

Industry observers note that a solid rating for a Bermuda‑based reinsurer reinforces the jurisdiction’s standing as a global hub for risk transfer and innovation.