Bermuda—AM Best has confirmed that Enact Re Ltd., the island’s long‑standing reinsurer, holds an A‑Excellent (A‑) rating for both financial strength and long‑term issuer credit. The agency’s statement noted a stable outlook, underscoring the company’s robust capital base and prudent risk management.

Enact Re’s rating is a key benchmark for insurers seeking reinsurance coverage in the Atlantic region. The affirmation follows the firm’s 2024 performance review, which highlighted a solid underwriting portfolio and effective capital allocation. Industry observers say the rating reinforces Bermuda’s reputation as a world‑class reinsurance hub.

The reinsurance sector remains a vital contributor to Bermuda’s economy, generating significant foreign exchange and employment. With Enact Re’s rating reaffirmed, the island’s financial services community can confidently continue to attract global capital.

AM Best’s assessment provides reassurance to Enact Re’s clients and investors alike, affirming that the reinsurer’s financial footing remains strong amid evolving regulatory and market conditions.

"The stable outlook reflects Enact Re’s ongoing commitment to maintaining a robust capital framework and disciplined underwriting," the agency added.

The endorsement is part of AM Best’s broader rating methodology, which evaluates factors such as capital adequacy, loss experience, and liquidity. For Bermuda’s financial services sector, such ratings help sustain investor confidence and support continued growth in the reinsurance market.