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Private Wealth Daily
AnalysisInsuranceThe WrapThe Momentum

Fitch assigned Constellation Re an A; Morningstar DBRS assigned Verdant Rock an A

Constellation Re was formed in December 2024 with $250 million in common equity from AuguStar Life; Verdant Rock was founded in 2025.

By The Wrap desk3 sources12 min read

At a glance

  1. Morningstar DBRS assigned Verdant Rock an A financial strength rating two days earlier, on Oct.
  2. 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.
  3. 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

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