A.M. Best Assigns Credit Ratings to Barents Reinsurance S.A.
By a
The ratings of Barents Re Lux primarily reflect its affiliation with and the support received from
Barents Re Lux receives explicit support from Barents Re Panama under a quota share agreement through which a significant share of Barents Re Lux's premiums, losses and expenses are ceded to Barents Re Panama.
In addition to the support from Barents Re Panama, the ratings also reflect Barents Re Lux's strong standalone risk-adjusted capitalisation, which benefits from low net underwriting leverage. The company has a relatively small capital base, but
Barents Re Panama started writing a portfolio of European facultative reinsurance business in 2011, and this portfolio will be renewed into Barents Re Lux. Going forward, Barents Re Lux will write both non-life and life reinsurance, with non-life facultative business comprising approximately two-thirds of premium income and the remainder consisting of non-life and life treaty business. The company is expected to write a diversified book of energy, property and engineering, bonds, general aviation, financial services and other reinsurance risks with a focus on
In
Keywords for this news article include:
Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2016, NewsRx LLC
Lincoln Benefit Life Co Files SEC Form 424B3, Prospectus [Rule 424(B)(3)] (Nov. 7, 2016)
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News