Verdant Rock Secures 30% Quota Share Reinsurance Treaty with A+ Rated Panel, Expanding Emerging Market Guarantee Capacity

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 comes less than a year after Verdant Rock received its Class 3B insurance license from the Bermuda Monetary Authority, marking a significant milestone for the young company.

The treaty covers 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 means the company can issue more guarantees and support larger transactions, addressing the growing demand for credit enhancement in emerging markets.

"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," said Tolga Uzuner, Co-Founder and Chief Executive Officer of Verdant Rock Limited. "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. We are grateful to each panel member for their confidence in us."

The implications of this announcement extend beyond Verdant Rock. The company provides Basel and ICS-family Solvency regimes compliant, investment-grade financial guarantees on private credit exposures in emerging markets. These guarantees are designed to qualify as eligible credit protection under Basel and major insurance solvency regimes for banks, insurers, and institutional investors globally. With the added backing of A+ rated reinsurers, Verdant Rock's guarantees become more attractive to regulated investors, potentially increasing capital flows to emerging market corporations, banks, structured financings, and project finance initiatives.

Verdant Rock currently holds a BBB+ Long-Term Insurer Financial Strength Rating with a Stable Outlook from Fitch Ratings. The reinsurance treaty with an A+ rated panel may positively influence future rating assessments, as it demonstrates strong risk management and access to high-quality reinsurance capacity. The company focuses on private liabilities and does not cover sovereigns, municipalities, or provinces, distinguishing its niche in the market.

For more information, visit Verdant Rock's website. The announcement is for information only and not an offer or solicitation to buy or sell any security, insurance product, or financial guarantee. 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.