THE COMPANY.
Barents Re is a leading independent reinsurance group. Since 1996, we have built a solid presence across Europe, the Middle East, and Latin America — with more than 650 reinsurance connections worldwide.
With a focus on innovation and underwriting excellence, Barents Re delivers a wide range of specialized reinsurance solutions for property and casualty insurers. Our vision is to be a key contributor to the insurance value chain by leveraging the deep expertise of our underwriting teams and their in-depth knowledge of regional markets.
We maintain a disciplined approach to underwriting, concentrating on selected lines where we have proven strength: Bonds, Energy, Construction & Engineering, Financial Lines, Life and Accident & Health, Marine Cargo, and Property.
At Barents Re, we are committed to providing exceptional service to our clients and brokers. This commitment is central to building strong, lasting partnerships and driving sustainable success.
ABOUT BARENTS RE
tIMELINE
Our journey through the years
2025
We expanded into more markets with our group of companies in the insurance industry, Barents Surety (Spain and Italy), and Barents Insurance (Bulgaria).
2024
Moody’s Ratings announces completion of a periodic review of ratings of Barents Re Reinsurance Company, Inc.
2023
Barents Re Announces Strategic Leadership Shift with New CEO and Executive Chairman.
2022
Moody’s Assigns A3 Insurance Financial Strength Rating to Barents Re Reinsurance Company, Inc. (Cayman Islands), stable outlook.
2021
A.M. Best affirms ‘A’ (Excellent) Financial Strength rating for Barents Re Reinsurance Company, Inc. and Barents Reinsurance S.A.
Barents Re has been awarded as Best Specialty Reinsurer 2021, by CFI.co (Capital Finance International) in The Insurance Awards 2021.
2020
Best Independent Reinsurance Group:Barents RE was named a 2020 Global Excellence Awards Winner in the Best Independent Reinsurance Group, Spain category, by UK publisher Acquisition International.
2019
Barents Re in Double Award Win Barents Re has been awarded Best Reinsurance Company and Best Reinsurance Bonds Offering of the Year at the Global Banking & Finance Awards 2019.
AM Best affirms ‘A’ (Excellent) Financial Strength rating for Barents Re Reinsurance Company Inc.
2018
Completion of Redomestication of Barents Re Reinsurance Company, Inc. to the Cayman Islands
A.M. Best affirms ‘A’ (Excellent) Financial Strength rating for Barents Re Reinsurance Company, Inc.
Best Reinsurance Company, Global Banking & Finance Awards.
2017
A.M. Best affirms A (Excellent) Financial Strength rating for Barents Re Reinsurance Company, Inc.
Marine Cargo line of business introduced
Reinsurance Company of the Year, Global Business Awards
2016
A.M. Best affirms ‘A’ (Excellent) Financial Strength rating for Barents Re Reinsurance Company, Inc.
Outstanding Independent Reinsurance Group, Global Excellence Awards 2017.
Marine Cargo line of business introduced.
Reinsurance Company of the Year, Global Business Awards.
A.M. Best affirms ‘A’ (Excellent) Financial Strength rating for Barents Re Reinsurance Company, Inc.
2015
A.M. Best upgrades Financial Strength rating to ‘A’ (Excellent) for Barents Re Reinsurance Company, Inc.
Reinsurance Company of the Year, European Banking & Finance Awards.
2014
Reinsurer of the Year awarded by The European Magazine.
World Finance 100 Award.
2013
New offices open in London and Madrid by affiliates.
Energy line of business introduced.
Best Reinsurance Company of Central America awarded by Reactions Magazine.
2012
A.M. Best upgrades Outlook to Positive: ‘A-’ (Excellent) for Barents Re Reinsurance Company, Inc.
Continued expansion in Europe, Latin America and Middle East.
2011
Property line of business introduced.
2010
Rated by A.M. Best for Financial Strength ‘A-’ (Excellent) Stable Outlook.
European and Latin America expansion begins
1996
Barents Re starts operating
FINANCIAL INFORMATION
ANNUAL REPORTS
A (Excellent)
December 11, 2024
AM Best Reaffirms Barents Re’s Excellence in the Global Market.
December 15, 2023
A.M. Best Affirms A (Excellent) Rating.
December 15, 2022
A.M. Best Affirms A (Excellent) Rating.
FINANCIAL STRENGTH RATING
A3 Estable Outlook
August 7, 2024
Completion of a periodic review of ratings of Barents Re Reinsurance Company, Inc.
July 14th, 2022
Moody’s Assigns A3 Insurance Financial Strength Rating to Barents Re Reinsurance Company, Inc.
BOARD OF DIRECTORS
Shaping Long-Term Success
Gerardo Garcia
Director – Executive Chairman
Gerardo García has over 29 years’ experience in the global insurance and banking sectors. Gerardo is the founder, and Chairman of Barents Re Reinsurance Company, Inc., a role for which he has been awarded numerous leadership accolades on an international basis. Gerardo’s prior experience includes investment banking, M&A and advisory roles to national governments on financial services regulations. Gerardo serves as a Board Director for a number of insurance and reinsurance companies alongside his role as Board Director for both Credit & Commerce Bank and for Canal Bank S.A., the latter which he founded in 2014.
Gary Callaghan
Director – CEO – Head of Retrocession
Gary Callaghan’s career spans over 35 years in the reinsurance industry. Formerly Managing Director of Aon Europe, Gary has also held senior positions in Benfield and Willis. Gary was reinsurance buyer for a premier Lloyd’s syndicate before joining Barents Re as Head of Retrocession, then became Managing Director and in the first quarter of 2024 was promoted to CEO of Barents Re. He is also a non-executive director for a Cayman Islands Life Reinsurance company.
John Harbor
Director
John Harbor has over 35 years’ experience in the international insurance industry, having undertaken numerous senior management roles in accounting, audit and finance. More recently, John has held senior non-executive Director roles in insurance and wider industry sectors. John is a Fellow of the Institute of Chartered Accountants in England & Wales.
Stephen Peter Jones
Director
Stephen has more than 40 years experience in senior executive and financial positions in a wide range of U.S. U.K., and L.A. companies transforming and restructuring operations in a number of diverse industries such as shipping, development and infrastructure, real estate, agriculture, consumer goods and retail. He is a Chartered Management Accountant and holds an MBA in finance and banking.
Graham Mackay
Director
Graham Mackay is an actuarial-credentialed reinsurance executive with professional experience of forty-years in global reinsurance markets, twenty-years structuring and executing cross-border transactions, ten-years building and managing offshore reinsurance companies including seven-years as Director & COO of commercial reinsurers in Cayman Islands. Past Chair of Cayman International Reinsurance Companies Association.