OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of BMO Reinsurance Limited (BMO Re) (Barbados). The outlook of these Credit Ratings (ratings) is stable. BMO Re is an indirect wholly owned subsidiary of Bank of Montreal (BMO) and is a reinsurer of life, property/casualty and disability risks. The ratings of BMO Re reflect its stable net income trends, strong return on equity and strong liquidity.
