Established in Barbados in 1986, BMO Reinsurance is a highly rated and a financially secure partner dedicated to long-term relationships. BMO Reinsurance has consistently maintained a strong credit ratings of S&P A+ and AMBest A. Our strength is derived from our stable Creditor Reinsurance and growing International Reinsurance portfolios. Creditor Reinsurance has been a core product line since our inception generating consistent earnings with low volatility. The portfolio contains life, job loss, disability, and critical illness risks that originate from the lending activities in BMO’s bank branches across Canada. International Reinsurance focuses on traditional reinsurance and retrocession worldwide. We provide innovative solutions across multiple product lines spanning Life, P&C, and Specialty, to help our clients manage extreme events.
BMO Financial Group
BMO Reinsurance is the reinsurance entity of BMO Financial Group which has been operating for 200 years and counting. BMO Financial Group is a highly diversified financial services provider based in North America. With total assets in excess of $700 billion and over 45,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers worldwide.
Paula Codrington is the General Manager of BMO Reinsurance. Mrs. Codrington has 20 years of experience in financial accounting, reporting and auditing and has been with BMO Reinsurance for 10 years. She previously served as Chief Financial Officer of the Company until her appointment as General Manager in February 2020. She has a Bachelor of Science with Honours in Accounting from the University of the West Indies and is a Fellow of the Institute of Chartered Accountants of Barbados.
Jerome Lamontagne has been the Head of Underwriting at BMO Reinsurance for 10 years. He has 20 years of experience in the insurance and reinsurance industry. Prior to BMO, Mr. Lamontagne was a senior engagement manager with Oliver Wyman Actuarial Consulting. Mr. Lamontagne graduated from Université Laval with a Bachelor of Actuarial Science and is a Fellow of the Society of Actuaries.
|Rating Agency||Financial Strength||Report||Disclaimer|
|Standard & Poor's||A+||Download Report||
S & P Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., provides independent financial information, analytical services, and credit ratings to the world’s financial markets. For more information on Standard & Poor’s, visit their website.
|A.M. Best||A||Download Report||
AM Best “The Best’s Rating Reports(s) reproduced on this site appear under license from A.M. Best and do not constitute, either expressly or impliedly, an endorsement of (Lincensee)’s products or services. A.M. Best is not responsible for transcription errors made in representing Best’s Rating Reports. Best’s Rating Reports are copyright © A.M. Best Company and may not be reproduced or distributed without the express written permission of A.M. Best Company. Visitors to this web site are authorized to print a single copy of the Best’s Rating Report(s) displayed here for their own personal use. Any other printing, copying or distribution is strictly prohibited.” “Best’s Credit Ratings™ are under continuous review and subject to change and/or affirmation. For the latest Best’s Credit Ratings™, please visit the A.M. Best web site, www.ambest.com.”
BMO Reinsurance Cedar Court Wildey Business Park St. Michael, Barbados. Monday – Friday 8am-4:30pm (GMT -04:00)