Monthly Archives: December 2013

XXXIV CONFERENCIA HEMISFÉRICA DE SEGUROS FIDES, GUATEMALA 2013

Read More

By Marcos Chiari
BARENTS RE GETS US$100MN CAPITAL INJECTION TO SUPPORT INTERNATIONAL EXPANSION

By Ulric Rindebro
Business News Americas – www.bnamericas.com

Panama-based reinsurer Barents Re has obtained a US$100mn capital infusion to support its continued international expansion, especially in Europe, the company said in a press release.
The capital is coming from a fund managed by institutional asset manager BiscayneAmericas Advisers.

The fund has acquired preferred shares in Standard Capital Shareholdings (Standard), which is the holding of Barents Re. Within a period of five years, the preferred shares issued by Standard may be converted into common stock. This conversion shall not be for more than 20% of the then-outstanding shares of Standard’s common stock, the release reads.
Under the agreement with the fund, Standard is obligated to capitalize the entire proceeds directly into Barents Re.

PUTTING THE FRESH CAPITAL TO WORK
Barents Re said that it will use the new capital to strengthen the capital position of its global reinsurance business and expand its operations in the European market.
The reinsurer has operations in Latin America, the Middle East and Europe, where Barents Re today has its fastest-growing market.
To further consolidate its market position on this continent, Barents Re said that it now plans to acquire insurance companies in Europe.
The company operates its global reinsurance business through several regional offices: in Miami for Latin America and the Caribbean, in Paris for Europe and in Beirut for the Middle East and North Africa. Barents Re underwrites business in a total of 51 countries.

http://www.bnamericas.com/news/insurance/barents-re-gets-us100mn-capital-injection-to-support-international-expansion

Read More

By Marcos Chiari
BARENTS RISK MANAGEMENT HOLIDAY EVENT 2013

Read More

By Marcos Chiari