
By Mia MacGregor
June 30 - (The Insurer) - AM Best has assigned a performance assessment rating of PA-2 (Excellent) with a stable outlook to Dynamic Reinsurance, based in Miami, Florida.
Dynamic Re is an underwriting agency offering reinsurance solutions across various business lines, including property, casualty, financial lines, marine cargo and engineering risks.
Its operations span Latin America, Europe and the Middle East and North Africa region.
The assessment highlights Dynamic Re’s strong underwriting capabilities, excellent governance and internal controls, solid financial condition, excellent organizational talent and strong depth and breadth of relationships, according to AM Best.
AM Best said that the company's underwriting capability is bolstered by structured contractual arrangements with highly rated reinsurance partners. These are supported by the effective use of advanced analytics and integrated third-party administrator platforms.
Despite these strengths, AM Best noted that Dynamic Re’s underwriting performance has shown volatility because of catastrophe exposures, which is identified as a limiting factor in the assessment.