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@TheRoyalGazette
royalgazette.com > reinsurance > business > article > 20/26/0910 > tax-benefit-boosts-coralisle-profits

Tax benefit boosts Coralisle profits

3+ day, 23+ 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…...

@TheRoyalGazette
royalgazette.com > reinsurance > business > article > 20/26/0901 > asr-upgraded-to-a3-by-moodys

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…...

@TheRoyalGazette
royalgazette.com > reinsurance > business > article > 20/26/0830 > am-best-affirms-inpex-insurance-credit-ratings

AM Best affirms Inpex Insurance credit ratings

2+ week, 1+ 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…...

@TheRoyalGazette
royalgazette.com > reinsurance > business > article > 20/26/0824 > bma-seeks-tougher-oversight-for-global-insurance-groups

BMA seeks tougher oversight for global insurance groups

3+ week, 3+ 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…...