AM Best Assigned Credit Ratings to Charp Re
The international credit rating agency issued a B++ financial strength rating for the Turks and Caicos-based reinsurer.
Updated on Sept. 22, 2026 in Financial Services
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AM Best has assigned a B++ Financial Strength Rating and a bbb Long-Term Issuer Credit Rating to Charp Re, Ltd. The agency also assigned a stable outlook to the firm, which was founded in 2018.
Why it matters
These ratings reflect Charp Re, Ltd.'s balance sheet strength, adequate operating performance, and enterprise risk management practices. The assessment indicates the firm's capacity to maintain positive bottom-line results and profitable underwriting metrics.
Charp Re, Ltd. conducts 71% of its business in Latin America and the Caribbean, with the remaining volume spread across Europe, MENA, and Asia. Its portfolio is composed of 38.3% group life, 22.1% property, and 13.4% financial lines.
The players
AM Best
This global credit rating agency specializes in the insurance industry and provides financial assessments for companies worldwide.
Charp Re, Ltd.
This is a reinsurance company based in the Turks and Caicos Islands that operates across 32 countries.
The details
AM Best determined these ratings by evaluating audited financial statements, business plans, and projections using its latest credit rating methodology. The firm distributes its insurance products across 32 different countries, maintaining a diverse geographic presence.
Timeline
Charp Re, Ltd. was established in 2018.
The rating process incorporated financial data from 2020 through 2025.
The portfolio composition data was assessed for the year 2025.
AM Best issued the initial credit rating assignment on September 22, 2026.
Market Landscape
This rating assignment aligns with the standards outlined in the Best's Credit Rating Methodology version August 29, 2024. It places Charp Re, Ltd. within a formal framework of international insurance capital assessment standards.
The stable outlook provides institutional partners and policyholders with greater transparency regarding the firm's financial stability. Customers in the 32 countries where the firm operates can use these ratings to assess the reliability of their coverage.
The takeaway
Credit ratings act as an essential barometer for the stability of reinsurance firms in international markets. Stakeholders should monitor future rating updates to identify changes in the company's operating performance or geographic focus.
Further reading
For more on industry benchmarks, visit the Financial Services section.
More information
Review the full details of the Best's Credit Rating Methodology document used in this assessment.
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