June 30, 2025, Nevis, St. Kitts and Nevis – Northernlight Reinsurance Group Inc., an international reinsurance company based in Nevis, St Kitts and Nevis, announced that as of June 5, 2025, their Outlook in Perú was upgraded to Positive from Stable by Pacific Credit Rating (PCR) for the period ending December 31, 2024. Northernlight’s Financial Strength Rating was maintained at AA in Perú for the same period. Northernlight’s Financial Strength Rating in Perú had been upgraded by PCR from AA- to AA on June 11, 2024, for the period ending December 31, 2023.
According to Pacific Credit Rating: : “The new rating is based on the business model, which retains almost 100 percent of the risk, as well as the reinsurer’s experience in the international market. It also considers the steady growth in written premium income focused on other lines (specie, marine, and transport insurance), property insurance, and aviation insurance. This contributed to stable loss levels, generating adequate liquidity, profitability, and low debt levels.“
Northernlight is a privately held professional reinsurer, founded in 2015. The Company has offices in 9 countries and received premium from 85 countries in 2024. Northernlight’s executives are experienced in reinsurance, insurance, bonds, and capital markets. The company specializes in specialty facility reinsurance, facultative reinsurance and treaty reinsurance produced from the following business areas: Marine Reinsurance, Surety Reinsurance, French Construction Guarantees, Property Reinsurance, Casualty Reinsurance, Energy Risk, and Aviation Risk.
Pacific Credit Rating is one of the leading and most respected rating agencies in Latin America, operating in 11 countries and boasting more than 500 clients from 5 continents. 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