Ocean Re receives ‘excellent’ ratings
A.M. Best has affirmed the financial strength rating of “A- (Excellent)” and the issuer credit rating of “a-" of Ocean International Reinsurance Company, located in Barbados.
According to A.M. Best, partially offsetting these positive rating factors is the susceptibility of Ocean Re’s captive business to regulatory changes.
A.M. Best suggested that Ocean Re’s operating performance is good, with premium sufficiency derived from its captive business.
Ocean Re is a Barbados-based reinsurer, licensed as a qualifying insurance company focused on reinsurance. It offers a diversified product mix in several countries throughout Latin America.
