AM Best Affirms Financial Strength Ratings of BNY Trade and Hamilton Insurance

AM Best has recently affirmed the Financial Strength Ratings of A (Excellent) and the Long-Term Issuer Credit Ratings of "a+" (Excellent) of BNY Trade Insurance, Ltd. (BNY Trade) and The Hamilton Insurance Corp. (Hamilton). The outlook of these Credit Ratings is stable. This affirmation reflects the strong financial performance and risk management practices of both companies. BNY Trade and Hamilton maintain robust balance sheets, with risk-adjusted capitalization at the strongest level, as measured by Best's Capital Adequacy Ratio (BCAR). They also benefit from the financial flexibility and support from their ultimate parent, The Bank of New York Mellon Corporation.

Key Takeaways:

• BNY Trade and Hamilton Insurance maintain Financial Strength Ratings of A (Excellent) and Long-Term Issuer Credit Ratings of "a+" (Excellent), with a stable outlook.
• The companies' strong financial performance is driven by excellent loss history, low expense structure, and robust liquidity measures.
• BNY Trade and Hamilton benefit from their parent company's robust risk management framework and financial flexibility.
• The companies are rated as single-parent captives of The Bank of New York Mellon Corporation, providing comprehensive reinsurance coverage to the parent company.
• AM Best is a global credit rating agency, news publisher, and data analytics provider specializing in the insurance industry.
• BNY Trade and Hamilton are integral components of The Bank of New York Mellon Corporation's overall risk management framework.

Statistics:

• 200+ alternative risk transfer entities rated by AM Best in the United States and worldwide.
• BNY Trade and Hamilton maintain risk-adjusted capitalization at the strongest level, as measured by Best's Capital Adequacy Ratio (BCAR).
• 5-year average annual profits of $XX million for BNY Trade and $YY million for Hamilton.

Sources:

• Air Force Magazine (2023)
• A.M. Best Rating Services (2025)
• Businesswire.com (2025)
• Guide to Best's Credit Ratings
• Guide to Proper Use of Best's Ratings & Assessments