AI Global Excellence Awards 2016

Acquisition International - Global Excellence Awards 2016 41 Superior Service and Financial Results Barents Re are delighted to have won the Most Outstanding Independent Re-Insurance Group Panama award as we believe it validates the hard work of all our people to make the firm the success story that it is today. arents Re is a leading independent reinsurance group. Established in 1996, Barents Re has a well-established presence in Europe, Latin America, the Middle East and Asia. The company provides a wide range of niche and specialty reinsurance products to property and casualty insurers. On the commercial side, Barents Re is especially strong in bonds, energy, renewable energy, general aviation, property, financial lines, liability and accident & health. Barents Re is also a growing presence in the consumer arena with participation in a number of affinity programs. In terms of how the business is succeeding, I would like to say that we are underwriters first and foremost. Our entrepreneurial culture, coupled with an experienced management team, allows us to identify and respond quickly to opportunities. We offer bespoke products and services individually tailored to our clients’ needs. On the subject of clients, they include some of the leading global and regional insurance companies, as well as financial institutions, public entities and global corporations. They certainly value the expertise of our specialty underwriting teams and their knowledge of our markets and products enables us to offer innovative solutions. Looking to those within our firm, our reputation means we attract top quality personnel from around the world. Our people are the core of our business; it is their knowledge and experience that allows us to make the right decisions for our clients and for our business. Of course, we manage and have access to a wealth of data and tools that assist us in our decision- making processes, but it is the ability to accurately interpret such data that separates one reinsurer from another. Regarding the opportunities that lie ahead, we seek to create value by investing in our business to: • Create new customer segments; • Expand geographically and; • Innovate tailor-made products. On a geographic basis, much of Barents Re’s activity is focused on emerging markets. This is very much part of our DNA. The growth in insurance premiums in many countries fuelled by economic fundamentals, favourable demographics and the introduction or enforcement of compulsory insurance are most encouraging. While insurance penetration is still low in many countries, it’s on the rise and we expect Barents Re to benefit in the coming years. Overall, we are working to reinforce, develop and enhance our core aims in specific markets, so that we continue to provide superior service and financial results. Company: Barents Re Email: Web: Superior Service and Financial Results B 1702AI74