AM Best Comments on Credit Ratings of Cavello Bay Reinsurance Limited Following Enstar Group Limited's Transaction with Markel Group Inc.
AM Best said Cavello Bay Reinsurance Limited’s credit ratings are unchanged following Enstar Group’s announcement of a reinsurance agreement with Markel. The agreement covers Markel’s global reinsurance reserves and certain exited insurance lines.
Why it matters — The item reports a transaction involving Markel and confirms that AM Best left the reinsurer’s ratings unchanged.