Constellation Re Bermuda Completes Inaugural Transaction and Receives 'A' Rating from Fitch Ratings
Constellation Re has completed the inaugural reinsurance transaction for its Bermuda-domiciled subsidiary, Constellation Re Bermuda, Ltd. (CRBL). The intercompany deal involves term and universal life insurance as well as disability income products, expanding CRBL's operational footprint in Bermuda. This milestone is accompanied by an 'A' insurer financial strength rating from Fitch Ratings, recognizing CRBL’s role within the broader Constellation group. The transaction enhances Constellation Re's reinsurance capabilities and allows it to leverage its strong capital position across diverse geographies and regulatory environments. Scott Shepherd, president and CEO of Constellation Re, emphasized that this development strengthens their ability to help clients manage risk efficiently. CRBL is positioned as a strategic platform for delivering tailored reinsurance solutions. Constellation Re operates within the larger Constellation family of businesses, which includes several insurance-related entities such as AuguStar Retirement and AuguStar Life.
Topics: Bermuda operations ratings reinsurance