A strong balance sheet, consistent net gains, and a diversified product portfolio and geographic operations have won BF&M Ltd an approving nod from rating agency AM Best.The Bermudian-based insurer’s catastrophe reinsurance protection and approach to risk management, mitigating the financial impact of losses in the Bahamas from Hurricane Dorian, was also highlighted by AM Best as it affirmed the financial strength rating of a number of BF&M’s operating units.The BF&M Life Insurance Company Ltd, the BF&M General Insurance Company Ltd, and the Island Heritage Insurance Company Ltd, all had their financial strength rating of A (Excellent) affirmed.In addition, the A- (Excellent) financial strength rating of Insurance Corporation of Barbados Ltd, of which BF&M is a majority shareholder, has also been affirmed by the agency.The outlook for all ratings is stable.John Wight, group chairman and chief executive officer of BF&M, said: “BF&M holds the highest ratings consistently given to a domestic insurer in the Caribbean year after year. “This endorsement of our financial strength and consistent track record over the long term will serve to further strengthen our position as an insurer of choice for our customers and partners.”