June 30, 2025 — Miami, Florida
AM Best has assigned a Performance Assessment (PA) of PA-2 (Excellent) to Dynamic Reinsurance LLC, a Miami-based underwriting agency serving the reinsurance market. The outlook for the assessment is stable.
The PA-2 rating reflects Dynamic Re’s strong positioning across five key assessment components: underwriting capabilities, governance and internal controls, financial condition, organizational talent, and business relationships.
A Strong Foundation in Underwriting and Risk Management
Dynamic Re operates as a delegated underwriting authority, offering reinsurance solutions across property, casualty, financial lines, marine cargo, and engineering risks. Its business is primarily focused on Latin America, Europe, and the MENA region.
The company’s underwriting strength is supported by well-structured contracts with highly rated reinsurance partners and an advanced use of analytics and integrated third-party administrator (TPA) platforms. However, AM Best noted that the company’s underwriting performance has experienced volatility due to catastrophe exposures, which is considered a limiting factor in the assessment.
Excellent Governance and Operational Controls
Dynamic Re’s governance and internal controls received high praise. AM Best highlighted the transparency in commission structures, formal business continuity plans, and the robust internal policy framework as key strengths that align stakeholders’ interests and support risk mitigation.
Financial Condition: Profitable with Long-Term Focus
The agency’s financial condition is rated as strong, with a history of consistent profitability driven by stable commission models. While recent growth initiatives have led to an imbalance between expense and revenue growth, these efforts are viewed as strategic investments to enhance scalability and operational maturity.
Leadership and Talent: A Strategic Asset
Dynamic Re’s organizational talent was rated excellent, underscored by a leadership team and underwriting professionals with deep industry expertise. The company maintains clear delegation across core functions—underwriting, risk, claims, and actuarial—and benefits from shared services provided by Blue Capital (Coral Ventures Group) in finance, legal, HR, and marketing.
Building Regional Relationships with Global Intent
AM Best also recognized Dynamic Re’s strong and growing network of partnerships with leading capacity providers and reinsurers, particularly in Latin America. While the company has made significant progress in building a diversified portfolio within the region, its geographic concentration is currently seen as a limitation at this stage in its development.
About AM Best
AM Best is a global credit rating agency, data analytics provider, and insurance industry news publisher with a presence in over 100 countries. The PA-2 rating reflects Dynamic Re’s performance as a delegated underwriting authority enterprise, based on AM Best’s framework for Performance Assessments.
For more details on this assessment, visit www.ambest.com.
