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Shopping News / Articles
Tax benefit boosts Coralisle profits
4+ day, 1+ hour ago (548+ words) Coralisle Group recorded a 38 per cent increase in earnings last year and sold its minority stake in a Trinidadian-based insurer for $11.6 million, the company’s financial statements for 2025 reveal. Net income was $94.7 million in 2025, said Coralisle, up 38 per cent from $68.6 million…...
ASR upgraded to A3 by Moody’s
1+ week, 5+ day ago (274+ words) Moody’s Ratings has upgraded Africa Specialty Risks’ insurance financial strength rating to A3 from Baa1. The developing markets-focused re/insurance group — licensed as a Class 3A insurer in Bermuda — has a stable outlook. Mikir Shah, chief executive, said the upgrade recognises the strength…...
AM Best affirms Inpex Insurance credit ratings
2+ week, 2+ day ago (332+ words) AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Inpex Insurance (Bermuda). The outlook of these credit ratings is stable. IIL is a single-parent captive of Inpex, the…...
BMA seeks tougher oversight for global insurance groups
3+ week, 6+ hour ago (535+ words) The Bermuda Monetary Authority is proposing new rules aimed at providing a clearer picture of risks within the island’s largest international insurance groups, including whether money can be moved quickly between companies during a crisis. The proposals would apply to…...
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