Barents Re is a market leader in providing facultative reinsurance to bonding insurance companies in the construction, engineering and service industries, for both public and private works, in the EMEA (Europe, Middle East & Africa) region, Latin America and the developing markets in Asia.
Our aim is to give our clients a competitive advantage and reinsurance solutions during the bidding, execution and post-delivery phases of major construction, engineering and infrastructure projects around the world. Barents Re requires every risk to be collateralized with counter guarantees tailored to the project’s requirements. Barents Re can provide reinsurance solutions for both public and private contracts. Our team has decades of experience between them with members having worked in all of the principal bonds markets across the globe.
Barents Re provides added value by mitigating the risk with Inspection Reports, undertaken by a third party not related to the Beneficiary or the Contractor, on the ongoing performance of major projects. This gives an additional perspective of the risk and can help foresee possible faults or potential amendments required by the Beneficiary of the bond in order to keep the performance of the project duly guaranteed.
Our core Bonds product offering, with significant capacity available, includes, but is not limited to: