A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and assigned issuer credit ratings (ICR) of “a” to Bermuda-based BF&M Limited and its operating affiliates. The outlook for all ratings is stable. “The ratings recognize BF&M’s consistent operating performance, long-standing participation in life and non-life insurance in Bermuda, strong capitalization, experienced and focused management, as well as its recent efforts to diversify its book of business outside of Bermuda,” said Best.
Was this article valuable?
Here are more articles you may enjoy.
Bank of England Considers Stress Testing AI’s Effect on the Financial Sector 
Isaias: 47,000 Claims and $582M in Losses in Florida So Far, OIR Reports 
Exxon Blocked Proposal to Settle $5 Billion Kashagan Dispute 
French Riots Seen as Insurance Test Before New Regime Kicks In 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.