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A.M. Best Comments on Credit Ratings of Barents Re Reinsurance Company, Inc. and Subsidiary After Domicile Moved to Cayman Islands

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A.M. Best has commented that the Financial Strength Rating of A
(Excellent) and the Long-Term Issuer Credit Rating of "a" of Barents
Re Reinsurance Company, Inc.
(Barents Re) and its subsidiary, Barents
Reinsurance S.A.
(Barents Re Lux) (Luxembourg), remain unchanged
following the re-domiciling of Barents Re to the Cayman Islands. The
outlook of these Credit Ratings (ratings) remains stable.

On June 15, 2018, the Cayman Islands Monetary Authority licensed Barents
Re as a Class D Insurer, successfully completing the change of domicile
from Panama to the Cayman Islands. A.M. Best has determined that the
effect of this change does not alter its view of the company's or its
subsidiary's ratings.

View a general description of the policies
and procedures
used to determine credit ratings. For information on
the meaning of ratings, structure, voting and the committee process for
determining the ratings and monitoring activities, please refer to Understanding
Best's Credit Ratings
.

This press release relates to Credit Ratings that have been published
on A.M. Best's website. For all rating information relating to the
release and pertinent disclosures, including details of the office
responsible for issuing each of the individual ratings referenced in
this release, please see A.M. Best's
Recent
Rating Activity
web page. For additional information
regarding the use and limitations of Credit Rating opinions, please view
Understanding
Best's Credit Ratings
. For information on the proper media
use of Best's Credit Ratings and A.M. Best press releases, please view
Guide
for Media - Proper Use of Best's Credit Ratings and A.M. Best Rating
Action Press Releases
.

A.M. Best is the world's oldest and most authoritative insurance
rating and information source. For more information, visit
www.ambest.com.

Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its
affiliates. ALL RIGHTS RESERVED.

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