AM Best downgrades Bermuda-based Berking Re credit ratings

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Reinsurance News - Jul 22, 2025

AM Best has downgraded the credit ratings of Berking Re Limited, a Bermuda-based reinsurance company, citing concerns over the weakened credit fundamentals and the heightened contagion risk from its parent company, PFY Cayman. Berking Re’s Financial Strength Rating was lowered to C+ (Marginal) from...

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