We wish you all the best for the New Year!
On behalf of Active Capital Reinsurance, Ltd. (Active Re), we would like to express our appreciation to you for favoring us with your requests for facultative reinsurance in the Surety line of business, during this past year 2019.
Our business relationships with your esteemed company, contributed to our celebrating Active Re’s 12th anniversary of operations, achieving very good results, which were ratified by A.M. Best with its A- (Excellent) rating and stable outlook.
With a strengthened team and global reach, we have been able to support the development of projects with high economic and social impact in 17 countries, maintaining a balanced and claims-free portfolio, whose expansion in premiums and technical results has exceeded initial expectations.
Guided by our mission of “Benefits for All”, in the current year 2020 we ratify our willingness to support you and we intend to reach new milestones in the development and expansion of the Surety business. As a first step, Active Re’s shareholders have made an investment effort, which has been followed by an outstanding panel of top-tier Lloyd’s retrocessionaires and market companies, to increase the capacity offered to US$10,000,000 per contract and/or per client. This comes at a time when other operators and markets are in a downturn or stagnation.
The commitment to continue to offer a professional and expeditious service to incoming requests will also be at the core of Active Re’s focus, as well as following its policies and underwriting discipline, in accordance with our risk appetite. Encouraging effective collaboration and interaction between our respective technical and management teams will be an essential condition to achieve our common objectives, which are synthesized in providing an excellent service.
We would like to thank you and your clients for the trust you have placed in Active Re and we remain at your service.