Press Release - JULY 25, 2018

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


CONTACTS:
 Elí Sánchez
Senior Financial Analyst
+52 55 1102 2720, ext. 108
eli.sanchez@ambest.com

Alfonso Novelo
Senior Director, Analytics
+52 55 1102 2720, ext. 107
alfonso.novelo@ambest.com

Christopher Sharkey
Manager, Public Relations
(908) 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jim Peavy
Director, Public Relations
(908) 439 2200, ext. 5644
james.peavy@ambest.com

FOR IMMEDIATE RELEASE

MEXICO CITY - JULY 25, 2018
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 8, 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.

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