Leading global credit rating agency AM Best has formally reaffirmed the solid financial strength rating of ‘A’ (Excellent) for all of Coralisle Group’s life, health, property and casualty insurance subsidiaries operating across Bermuda and the Caribbean. Beyond the financial strength rating, the agency has also upheld the long-term issuer credit rating of ‘a’ (Excellent) for the affected subsidiaries, with a consistent stable credit outlook assigned to every rated entity.
The decision to maintain these top-tier ratings stems from AM Best’s comprehensive evaluation of Coralisle Group’s core operational and financial metrics. The agency highlighted that the group’s balance sheet strength remains among the strongest in the regional insurance sector, with strong marks also awarded to its consistent operating performance, well-defined business profile, and robust enterprise risk management framework.
In its detailed assessment, AM Best pointed out that Coralisle Group sustains the highest level of risk-adjusted capitalization, a position backed by ample liquidity reserves and a proven ability to allocate resources efficiently across its entire organizational network. The group’s stable financial footing is further reinforced by disciplined underwriting practices, prudent capital management strategies, and ongoing operational alignment across all the jurisdictions where it operates.
Looking ahead, AM Best projects that Coralisle Group will deliver steady, consistent operating results through 2026. This positive forecast is rooted in expectations of continued gradual premium growth and sustained strong performance across all of the group’s core regional markets.
Coralisle Group Chief Executive Officer Naz Farrow welcomed the rating affirmation, noting, “We are pleased to have our financial strength affirmed by AM Best. This recognition reflects our continued focus on building and maintaining a strong financial foundation year on year. Through disciplined execution and a consistent approach across the Group, we ensure we are well positioned to provide meaningful support to our clients when they need us most.”
The full list of Coralisle Group subsidiaries that received a stable outlook alongside their rating affirmation includes: Coralisle Insurance BVI Ltd. (British Virgin Islands), British Caymanian Insurance Company Limited (Cayman Islands), Coralisle Insurance Company Ltd., Coralisle Life Assurance Company Ltd., Coralisle Medical Insurance Company Ltd., CG Atlantic Medical and Life Insurance Ltd. (Bahamas), CG Atlantic General Insurance Ltd. (Bahamas), and CG United Insurance Ltd. (Barbados).