OREANDA-NEWS. The National Rating Agency has assigned its national scale 'AAA' reliability rating and its global scale 'iA-' credit rating to Barents Re Reinsurance Company, Inc. (Barents Re).

The ratings are is supported by Barents Re's many years' market presence, specifically in its niche areas, its high geographic diversification, persistently low combined ratio in the past few years, growing profitability metrics and conservative investment strategy. The company has a healthy solvency margin and a strong liquidity position.

Founded in 1996, Barents Re is the largest private-sector reinsurer in Latin America.

Barents Re is owned by Standard Capital Shareholdings, Inc (British Virgin Islands), the division of  Arden & Price, Inc. (Bahama Islands). Since 2009, the company has been following an aggressive international expansion strategy. Currently, it operates regional offices in Miami, Paris, Beirut, Rome, London and Madrid and has partners in 52 countries. In Barents Re opened an office in Moscow. At the end of 2013, it raised additional RUB100 million to finance its regional expansion.