AM Best has assigned a Preliminary Credit Assessment (PCA) to Beazley Bermuda Insurance Limited (BBIL), the London-headquartered specialist insurer and reinsurer’s new Bermuda entity.BBIL received a Financial Strength Assessment of A pca (Excellent) and a Long-Term Issuer Credit Assessment of “a+” pca (Excellent), with a stable outlook on the PCA.Readers may recall that alongside its nine-month results in 2025, Beazley unveiled a new Bermuda platform to support growth from 2026.At the time, Beazley announce ...

BBIL is expected to achieve an adequate operating performance assessment over the medium term, supported by profitable, albeit potentially somewhat volatile, underwriting results despite the softening pricing environment. Investment income is expected to contribute meaningfully to BBIL's overall earnings, particularly in the initial years of business. LONDON--(BUSINESS WIRE)--AM Best has assigned a Preliminary Credit Assessment (PCA) to Beazley Bermuda Insurance Limited (BBIL) (Bermuda) with a Financial Str ...