July 1, 2026, Nevis, St. Kitts and Nevis – On June 23, 2026, Pacific Credit Rating upgraded the Financial Strength Country Rating for Northernlight Reinsurance Group Inc in Perú from PE AA with Positive Outlook to PE AA+ with Stable Outlook.
The ratings were based on Northernlight’s high profitability, strong capitalization and liquidity, and experienced management team. Per PCR: “The rating is based on a business model in which nearly 100% of the risk is retained, as well as the reinsurer’s experience in the international market. This has a positive impact on the steady growth of written premium income – driven by property and marine insurance, followed by the surety line – and, combined with stable loss ratios, the institution has demonstrated adequate levels of profitability and liquidity, along with low leverage.”
The AA rating category corresponds to those entities judged to have a very high capacity to pay their obligations in the agreed terms and timeframes, and who would not likely be affected strongly by changes in the entity, industry, or economy. Their safety factors are strong while the risk is modest. A rating can be supplemented by means of a “+” sign or a “-” sign, improving or somewhat lessening a rating within a particular rating category.
Northernlight is a privately held reinsurer domiciled in Nevis, St. Kitts and Nevis. with over 150 cedants across 86 countries. NLRe has senior executives who are highly experienced in insurance, reinsurance, bonds, and capital markets. NLRe specializes in facility reinsurance, facultative reinsurance and treaty reinsurance produced from the following business areas: Marine Reinsurance, Surety Reinsurance, Property Reinsurance, Casualty Reinsurance, Energy Risk, Surety and other Bonds and Aviation Risk.
Pacific Credit Rating is one of the leading international rating agencies in Latin America, operating in 11 countries and boasting more than 500 clients from 5 continents. PCR is one of only 11 rating agencies in the world which is qualified as a Nationally Recognized Statistical Rating Organization (NRSRO) granted by the Securities and Exchange Commission (SEC) in the US. Currently, PCR has offices in Bolivia, Ecuador, Perú, El Salvador, Costa Rica, Panamá, Guatemala, México, Nicaragua, Honduras, and the Dominican Republic.
Media Relations
Lane A. Jaslow
Senior Vice President
Regulatory and Investor Relations
l.jaslow@northernlight.biz