A.M. BEST upgraded the Financial Strength Rating to “A -” (Excellent) and the Long-Term Issuer Credit Rating to “a-” of Active Capital Reinsurance Ltd. Both Credit Ratings have a stable outlook.
We are pleased to receive these excellent news, which are a direct consequence of the efforts of our team and reflect the adequate financial and operational performance of the company. This upgrade highlights the strength of the company’s balance sheet and its comprehensive risk management.
Since its beginning and after 11 years of operation, Active Capital Reinsurance, Ltd. has been strengthened with a plan of continuous capitalization and growth, diversifying and expanding its presence in more than 25 countries in Latin America, Europe, the Middle East and Asia Pacific.
With an investment grade risk rating of A-, the business profile of Active Capital Reinsurance Ltd. will continue to evolve, expanding its operations to new regions and diversifying its risk portfolio, products and services.
We remain committed to our specialty: affinity and massive insurance products, adding in this new stage the surety, bonds, and risk segments, with strict control of catastrophic exposure and minimum acceptance of long tail risks.
We are thankful to our clients, allies, and insurance intermediaries; we will continue to work with and for you, with more strength and capacity.
This accomplishment in our rating, besides being an important goal, has become our flagship to look ahead and above. This stage begins with a special effort in terms of capabilities, with world-class partners, as well as with one of the largest networks of global distribution channels.
We will continue to strive for excellence and are confident that this important achievement is the first of many to come.