AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of a+ (Excellent) to Beazley Bermuda Insurance Limited (BBIL). The outlook for both ratings is stable. These assessments reflect BBIL’s very strong balance sheet, as measured by Best’s Capital Adequacy Ratio, its anticipated adherence to Beazley plc’s prudent reserving and investment strategy, and appropriate enterprise risk management. The ratings also factor in strategic support from ultimate parent Beazley plc.

BBIL’s risk-adjusted capitalisation will be anchored by a capital base of USD 531 million at the start of 2026, positioning it at the strongest level on AM Best’s BCAR scale. Over the medium term, BBIL is expected to deliver adequate operating performance driven by profitable underwriting results, even in a soft pricing environment, and meaningful investment income contributions in its early years of operation. The Bermuda-based unit will also broaden Beazley plc’s footprint in the global reinsurance market and add diversification to the group’s portfolio.

Following reports on February 4, 2026 that Zurich Insurance Group’s offer to acquire Beazley plc is progressing, AM Best has indicated that all Beazley Group ratings remain under close review. Any binding offer acceptance will trigger a further review of these ratings. Analysts have noted that the proposed takeover terms value Beazley at slightly below what they consider fair value per share, though exact figures have not been included in this release.