AM Best Affirms Credit Ratings of Barents Re Reinsurance Company, Inc. and Its Affiliate
December 11, 2024
The rating affirmations reflect Barents Re’s risk-adjusted capitalization at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR), the improvement in the company’s corporate governance framework, and consistent profitability. AM Best remains concerned with respect to the execution risk of the strategy generated by the constantly shifting regional composition of Barents Re’s business portfolio.
Moody’s Assigns A3 Insurance Financial Strength Rating to Barents Re Reinsurance Company, Inc.
July 14th, 2022.
The strategy is part of our long-term goal of having our reinsurance operation based in jurisdictions with very high standards of supervision, and high sovereign ceilings so that this does not impair our rating outlook. During the next year we should have a third rating added to our profile to close rating diversification exercise.
Barents Re Reinsurance Company Inc. And Subsidiaries Assigned ‘A-‘ Ratings; Outlook Stable
June 13, 2025
We are proud to announce that Barents Re Reinsurance Company Inc. and Subsidiaries have been assigned an ‘A-’ insurer financial strength rating, with a stable outlook, by S&P Global Ratings, one of the world’s leading credit rating agencies.
The stable outlook indicates S&P’s expectation that Barents Re will maintain its competitive position and financial strength over the medium term.
Rated for Strength. Known for Vision.
Barents Re Reinsurance Company Inc. and Subsidiaries Assigned ‘A-‘ Ratings; Outlook Stable
This rating reflects Barents Re’s robust financial position, solid capitalization, and consistent operating performance, as well as its well-diversified reinsurance portfolio across Latin America, Europe, and the Middle East. S&P highlighted the company’s experienced management, prudent underwriting policies, and growing relevance in international reinsurance markets.
June 13, 2025
We are proud to announce that Barents Re Reinsurance Company Inc. and Subsidiaries have been assigned an ‘A-’ insurer financial strength rating, with a stable outlook, by S&P Global Ratings, one of the world’s leading credit rating agencies.
“This rating validates our responsible growth strategy and disciplined approach to risk management. It is a milestone that reaffirms our commitment to excellence and the trust of our global partners,” said Gerardo García, Chairman of Barents Re.
The stable outlook indicates S&P’s expectation that Barents Re will maintain its competitive position and financial strength over the medium term.
AM Best Affirms Credit Ratings of Barents Re Reinsurance Company, Inc. and Its Affiliate
The rating affirmations reflect Barents Re’s risk-adjusted capitalization at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR), the improvement in the company’s corporate governance framework, and consistent profitability. AM Best remains concerned with respect to the execution risk of the strategy generated by the constantly shifting regional composition of Barents Re’s business portfolio.
December 11, 2024
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Barents Re Reinsurance Company, Inc. (Barents Re) (Cayman Islands) and its affiliate, Barents Reinsurance S.A. (Barents Re Lux) (Luxembourg). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Barents Re’s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
Barents Re’s business portfolio in 2023 grew 7% year-over-year, mainly driven by its specialty lines. Overall, the Europe-sourced business represents 80% of Barents Re’s portfolio, with the Latin America region generating 12% and the Middle East and North Africa regions holding the rest as of year-end 2023.