Constellation Re Bermuda Completes Inaugural Transaction, Receives 'A' Rating from Fitch

Constellation Re Bermuda, Ltd. (CRBL) has finalized its inaugural reinsurance transaction, focusing on term and universal life insurance and disability income products. This strategic intercompany deal enhances Constellation Re's reinsurance capacity and operational footprint in Bermuda, establishing a core entity within the group.

Concurrent with the transaction, Fitch Ratings has assigned CRBL an 'A' insurer financial strength rating. This rating recognizes CRBL as a key entity within the Constellation group. The new Bermuda-based platform allows Constellation Re to leverage its operational infrastructure, strong capital position, and existing ratings to offer strategic reinsurance solutions to clients across various geographies and regulatory jurisdictions.

"The completion of CRBL's inaugural transaction and the assignment of an 'A' rating from Fitch mark important milestones in the continued growth of our reinsurance business," said Scott Shepherd, president and CEO of Constellation Re. "The Bermuda platform expands our capabilities and strengthens our ability to help clients manage risk and capital efficiently across diverse geographies and regulatory environments."

Constellation Re provides M&A and reinsurance solutions tailored to achieve strategic and financial objectives. It is part of the Constellation family of businesses, which includes AuguStar Retirement, AuguStar Life, AuguStar Seguros, Constellation Investments, and Constellation Institutional Markets. Further details are available at constellationinsurance.com.