AM Best Comments on Credit Ratings of Cavello Bay Reinsurance Limited Following Enstar Group Limited’s Transaction with Markel Group Inc.

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has commented that the Credit Ratings (ratings) of Cavello Bay Reinsurance Limited (Cavello Bay) (Bermuda), a subsidiary of Enstar Group Limited (ENSTAR) (Bermuda), are unchanged following Enstar’s announcement that it has entered into a reinsurance agreement with Markel Group Inc. (Markel) [NYSE: MKL].On October 28, 2026, Enstar entered an agreement with Markel to reinsure Markel’s global reinsurance reserves and certain exited lines within its insurance