OREANDA-NEWS. A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Ocean International Reinsurance Company Limited (Ocean Re) (Barbados). The outlook for each rating remains stable.

The affirmation of the ratings is based on the company’s strong risk-adjusted capital, geographic diversification, sound business strategy and good operating performance. Partially offsetting these positive rating factors are the susceptibility of its captive business to regulatory changes and the still-developing claims experience from its traditional reinsurance business.