Barents Re starts operating
Creation of a joint venture underwriting and risk analysis office in Miami, Florida.
Rated by A.M. Best with Financial StrengthRating of A-(Excellent).
Latin America and European expansion began.
New offices in Miami, Paris and Beirut.
High excess property line of business implementation.
Continued expansion throughout Latin America, Europe and MENA.
Rome office starts operations focused on Bonds.
A.M. Best upgrades Outlook to Positive: A- (Excellent) rating.
New offices opened on Madrid and London (at Lloyds building).
New specialized Energy line of business.
Best reinsurance company of Central America award given by Reactions Magazine.
U.S.$100 million capital infusion to support international expansion.
Moscow office began operations as a regional hub for Eastern Europe.
Reinsurer of the year award given by The European Magazine.
World Finance 100 award.