A.M. Best Comments on Credit Ratings of Barents Re Reinsurance Company, Inc. and Subsidiary After Domicile Moved to Cayman Islands

MEXICO CITY--(BUSINESS WIRE)-- A.M. Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Barents Re Reinsurance Company, Inc. (Barents Re) and its subsidiary, Barents Reinsurance S.A. (Barents Re Lux) (Luxembourg), remain unchanged following the re-domiciling of Barents Re to the Cayman Islands. The outlook of these Credit Ratings (ratings) remains stable.

On June 15, 2018, the Cayman Islands Monetary Authority licensed Barents Re as a Class D Insurer, successfully completing the change of domicile from Panama to the Cayman Islands. A.M. Best has determined that the effect of this change does not alter its view of the company’s or its subsidiary’s ratings.

View a general description of the policies and procedures used to determine credit ratings. For information on the meaning of ratings, structure, voting and the committee process for determining the ratings and monitoring activities, please refer to Understanding Best’s Credit Ratings.

This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.

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A.M. Best

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Source: A.M. Best