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.

Learn More

Senior Team

Photo of Todd Wosminity, President & CEO

Todd Wosminity

President & CEO

Todd Wosminity is the CEO of BMO Reinsurance and serves on the Board of Directors. He brings a wealth of knowledge with over 20 years of experience in P&C and Life reinsurance. Mr. Wosminity has been with the Company for 7 years and previously served as CFO for both Royal Bank of Canada Insurance Company in Barbados and Empyrean Re, a Bermuda based Trade Credit Reinsurer. He is a graduate of the University of Regina and a Canadian Chartered Accountant.

Photo of Jerome Lamontagne, Head of Underwriting

Jerome Lamontagne

Head of Underwriting

Jerome Lamontagne has been the Head of Underwriting at BMO Reinsurance for 8 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.

Photo of Paula Codrington, Chief Financial Officer

Paula Codrington

Chief Financial Officer

Paula Codrington is the Chief Financial Officer of BMO Reinsurance. Mrs. Codrington has 20 years of experience in financial accounting, reporting and auditing, and has been with BMO for 8 years. 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.

Ratings and Strength

Rating Agency Financial Strength Report Disclaimer
Standard & Poor's A+ Download Report Notice
A.M. Best A Download Report Notice
Financial Statements
Financial Year 2018 Download Statement
Financial Year 2017 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