AM Best has affirmed the Financial Strength Rating of ‘A’ (Excellent) for Bermuda based Coralisle Group Ltd.’s life, health and property and casualty subsidiaries across Bermuda and the Caribbean.
Best also affirmed the Long-Term Issuer Credit Ratings of ‘a’ (Excellent) and ‘stable’ credit outlooks for the Group’s subsidiaries.
The ratings affirmations reflect CG’s balance sheet strength, which Best continues to assess as strongest, along with its operating performance, business profile and enterprise risk management.
Best noted that CG maintains the strongest level of risk adjusted capitalisation, supported by strong liquidity and the ability to efficiently deploy resources across the organisation. The Group’s financial position remains underpinned by disciplined underwriting, prudent capital management and continued operational alignment across jurisdictions.
Best expects CG to continue generating stable results in 2026, supported by steady premium growth and sustained performance across its core markets.
“We are pleased to have our financial strength affirmed by AM Best,” said CG’s Chief Executive Officer Naz Farrow. “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.”
In affirming CG’s ratings, Best assigned an outlook of stable for the following Group subsidiaries:
• 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
• CG United Insurance Ltd. Barbados
