The past September 26th 2013, A.M. Best Company, confirmed the financial strength rating of A- (Excellent), Positive Outlook, of Barents Re Reinsurance Co, Inc. (Barents Re).
The rating renewal reflects Barents Re excellent risk-adjusted capitalization, operating performance and liquidity position, as well as its expanded risk management strategy and practices, conservative investment strategy and its management team´s extended experience in the industry. The rating also recognize the company´s diversified operating strategy within underserved segments and the niche and specialized markets in which it is operating, in addition to its conservative underwriting and reserving practices.
Barents Re, as an international reinsurer with a conservative approach to underwriting, writes most classes of proportional and non-proportional reinsurance operating in certain markets in LATAM, MENA, India and Europe. The biggest classes of business underwritten are personal accident, A&H, credit, bonds and massive products. Barents Re is active within certain specialized areas of reinsurance as: bancassurance, travel insurance, unemployment, credit and fraud.