Verdant Rock Limited, a Bermuda-based Class 3B insurer and financial guarantor focused on emerging markets, has closed a 30% quota share reinsurance treaty with a panel of global reinsurers. The panel carries an average financial strength rating of A+ from either AM Best or S&P. This agreement, announced on 14 September 2026, comes less than a year after Verdant Rock received its Class 3B insurance license from the Bermuda Monetary Authority, marking a significant milestone in the company's development.
The treaty provides reinsurance support for Verdant Rock's portfolio of irrevocable, unconditional and on-demand financial guarantees on private corporate, structured and project finance exposures across emerging markets. By ceding 30% of risk to highly rated reinsurers, Verdant Rock strengthens its balance sheet, diversifies its capital base and enhances scalability for future growth. This risk-sharing arrangement is particularly important because it adds an extra layer of security behind every guarantee the company issues, leveraging the strong creditworthiness of its reinsurance partners.
For emerging markets, this development has notable implications. Verdant Rock's guarantees are designed to qualify as eligible credit protection under Basel and major insurance solvency regimes, enabling banks, insurers and institutional investors to allocate capital more efficiently. With the reinsurance treaty in place, Verdant Rock can potentially increase its guarantee issuance, thereby unlocking additional capacity for financing private sector projects and corporate debt in regions where access to credit is often constrained. The company's focus on private liabilities—excluding sovereigns, municipalities and provinces—means its guarantees support productive economic activities rather than public debt.
Tolga Uzuner, Co-Founder and Chief Executive Officer of Verdant Rock, commented, "Securing a reinsurance panel of this caliber, rated A+ on average, at this stage of our development is a strong validation of our underwriting framework and our approach to governance. Every guarantee Verdant Rock issues now carries an additional layer of security from counterparties that have spent time understanding and believing in what we are building."
Verdant Rock currently holds a BBB+ Long-Term Insurer Financial Strength Rating with a Stable Outlook from Fitch Ratings. The company emphasizes that its guarantees are compliant with Basel and ICS-family Solvency regimes, making them attractive to regulated financial institutions. The reinsurance treaty not only enhances the credit quality of Verdant Rock's guarantees but also signals confidence from global reinsurers in the company's underwriting and risk management practices.
This announcement is for information only and does not constitute an offer or solicitation to buy or sell any security, insurance product, or financial guarantee. It is not for distribution in any jurisdiction where such distribution would be unlawful. Forward-looking statements are not guarantees of future results. A credit rating is not a recommendation to buy, sell or hold any security and may be subject to revision, suspension or withdrawal at any time by the assigning rating agency.
For more information, visit Verdant Rock's website.
