Portfolio transfer of ERI Re, shareholder of NCA Re

ERI Re, Energy Risk Indemnity Reinsurance, a shareholder of NCA Re, concluded on 29 November 2019 an agreement for the cession of its assets and liabilities to Ocean International Reinsurance Company (Ocean Re). This transaction is subject to regulatory approval.

Founded in 2006, Ocean Re is a reinsurer based in Barbados (Caribbean Sea). AM Best has assigned it a financial strength and credit rating of A- .Present in 24 countries mainly in Latin America, Ocean Re has a diversified portfolio.

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