Reinsurance Products

Life Reinsurance & Retrocession
Living Benefits
Marine & Cargo
Motor Liability
Political Violence
Property Catastrophe
Property Per Risk
Trade Credit
US & Global Agriculture

About Us

BMO Reinsurance

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.

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Senior Team

Photo of Paula Codrington, Chief Financial Officer

Paula Codrington

General Manager

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.

Photo of Jerome Lamontagne, Head of Underwriting

Jerome Lamontagne

Head of Underwriting

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.

Financial Performance

Financial Statements
Financial Year 2020 Download Statement
Financial Year 2019 Download Statement
Financial Year 2018 Download Statement

Contact Us

BMO Reinsurance Cedar Court Wildey Business Park St. Michael, Barbados. Monday – Friday 8am-4:30pm (GMT -04:00)

+1246 622-6673