Egan-Jones Ratings No Longer Recognized by Bermuda Regulator (1)

Egan-Jones Ratings Co. has been removed from the Bermuda Monetary Authority’s list of recognized credit ratings providers, according to recent guidance from the watchdog.

The regulator is no longer listing Egan-Jones among the ratings providers that can inform an insurer’s solvency capital requirements in the region, something it had done for several years beforehand. Egan-Jones had been listed alongside others such as Standard & Poor’s, Moody’s and KBRA.

“We are looking into this issue as it has just come to our attention,” an Egan-Jones spokesperson said in an emailed statement. “Our performance and compliance remain superb and we are ...