At a glance
- Morningstar DBRS assigned Verdant Rock an A financial strength rating two days earlier, on Oct.
- Constellation Re is a Bermuda life reinsurer and Class C insurer, formed in December 2024 with $250 million in common equity from AuguStar Life Insurance Co.
- Verdant Rock, a Bermuda guarantor founded in 2025, holds an A from Morningstar DBRS and a BBB+ financial strength rating from Fitch.
Fitch assigned Constellation Re an A insurer financial strength rating on Oct. 14. Morningstar DBRS assigned Verdant Rock an A financial strength rating two days earlier, on Oct. 12.
Constellation Re is a Bermuda life reinsurer and Class C insurer, formed in December 2024 with $250 million in common equity from AuguStar Life Insurance Co.
Verdant Rock, a Bermuda guarantor founded in 2025, holds an A from Morningstar DBRS and a BBB+ financial strength rating from Fitch.
Constellation Re's release names the $250 million common equity contribution from AuguStar Life, while Verdant Rock's names its 2025 formation and an existing Fitch BBB+ rating.
Reported by The Wrap desk from Fitch Ratings, Morningstar DBRS and Insurance Capital Daily coverage file. Published . Corrections