Enstar Subsidiary Assigned “A” Financial Strength Rating by AM Best

Core Viewpoint - Enstar Group Limited's subsidiary, Cavello Bay Reinsurance Limited, has received an "A" Financial Strength Rating and an "a+" Long-Term Issuer Credit Rating from AM Best, indicating strong financial stability and operational performance [1][2]. Group 1: Ratings and Financial Strength - AM Best assigned a Financial Strength Rating of "A" (Excellent) and a Long-Term Issuer Credit Rating of "a+" (Excellent) to Cavello Bay, with a stable outlook [1]. - The ratings reflect Enstar's balance sheet strength and strong operating performance, which is expected to remain stable throughout 2025 [2]. Group 2: Management and Business Model - The ratings affirm Enstar's established position in the global legacy market and highlight the company's strong capital position and resilient business model [3]. - The "A" rating for Cavello Bay enhances Enstar's ability to structure insurance transactions that align with the strategic objectives of its partners [3]. Group 3: Company Overview - Enstar is a leading global insurance group listed on NASDAQ, specializing in innovative capital release solutions and legacy acquisitions, having acquired over 120 companies and portfolios since its inception in 2001 [4].