Enact Re Ltd., a Bermuda‑based reinsurer listed on the Bermuda Stock Exchange, has had its financial strength ratings reaffirmed by the U.S. rating agency AM Best. The agency confirmed an A- (Excellent) rating for Enact Re’s financial strength and an “a‑” (Excellent) rating for its long‑term issuer credit. Both ratings carry a stable outlook, indicating that AM Best expects Enact Re’s financial condition to remain solid.

The reaffirmation follows a recent upgrade of Enact Re’s credit profile by the agency, which noted the company’s diversified portfolio and strong capital base. AM Best said the reinsurer’s “financial strength, operating performance and risk management practices remain robust” and that its “capital adequacy and liquidity positions are healthy.”

Enact Re’s CEO, Dr. Alan B. S. MacDonald, welcomed the rating affirmation, saying it “strengthens confidence in the company’s ability to meet its obligations to policyholders and partners.” The rating is expected to support Enact Re’s continued access to capital markets and enable the company to pursue growth opportunities in the global reinsurance market.

As Bermuda remains a hub for insurance and reinsurance, the reaffirmation of Enact Re’s strong ratings underscores the jurisdiction’s reputation for sound regulation and financial stability.