Verdant Rock secures 30 percent quota share reinsurance treaty
Verdant Rock Limited secured a 30 percent quota share reinsurance treaty with an A plus rated panel to expand emerging market guarantee capacity
Hamilton, Bermuda - Verdant Rock Limited, a Bermuda-based Class 3B insurer and financial guarantor specializing in emerging markets, has recently finalized a 30% quota share reinsurance treaty with a consortium of prominent global reinsurers. This significant achievement, accomplished less than a year after Verdant Rock obtained its Class 3B insurance license from the Bermuda Monetary Authority, underscores the company's commitment to risk management and strategic growth.
The reinsurance agreement, which safeguards the company's portfolio of irrevocable, unconditional, and on-demand financial guarantees on various private corporate, structured, and project finance exposures across emerging markets, solidifies Verdant Rock's balance sheet and capital diversification. The panel of reinsurers maintains an impressive average financial strength rating of A+, signifying a high level of confidence in Verdant Rock's underwriting and governance practices.
CEO Tolga Uzuner expressed gratitude to all panel members for their endorsement, stating that the partnership validates the company's approach and marks a crucial milestone in its development. Investors are reminded that this announcement serves informational purposes only and does not constitute an offer or solicitation to buy or sell securities, insurance products, or financial guarantees.
Forward-looking statements contained herein are not guarantees of future outcomes, and the company reserves the right to update these statements as necessary.
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