Barents Re outlook positive

Barents Re has had its outlook raised from stable to positive by rating agency AM Best.

The agency also affirmed Barents Re’s financial strength rating of A- (Excellent) and issuer credit rating of “a-”.

The ratings of Barents Re reflects its excellent risk-adjusted capitalization, operating performance and liquidity position, as well as its expanded risk management strategy and practices, conservative investment strategy and its management team’s extended experience in the industry, according to AM Best.

The ratings also recognize the company’s diversified operating strategy within underserved segments and the niche and specialized markets in which it is operating, in addition to its conservative underwriting and reserving practices.