Active Re’s 15th Anniversary

by | Jul 22, 2022 | 2022 | 0 comments

On the eve of its 15th Anniversary, Active Re is on the right path of success, with steadfast numbers and a growing trajectory, driven by the vision of its founder and Executive Chairman, Juan Antonio Niño Pulgar.

The company was founded on the pillars of his vision to be a global, specialized and innovative reinsurance company, with the main objective of achieving Benefits For All.

As of 2022, the international credit rating agency AM Best has, for the fifth consecutive year, affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-“ (Excellent) of the company. The outlook of these Credit Ratings is positive.

According to AM Best´s press release, the positive outlooks are maintained based on sound operating performance driven by consistent underwriting practices that have maintained profitable results. AM Best has a favorable view of Active Re’s steady improvement of its operating performance amid its continuous global expansion, supported by consistent sound underwriting practices comparing strongly with competitors despite a challenging operating environment driven by the COVID-19 pandemic.

The ratings reflect Active Re’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).

Active Re is constantly revising and improving its business strategy, fostering lasting partnerships and encouraging its team to further develop professionally.

The company is comprised of a highly qualified professional team of more than 50 members, strategically placed globally, that speak more than 9 languages and represent a variety of cultures and nationalities that contribute to the bespoke service the company offers to its global clientele.

About Active Re

Active Re was incorporated in the Turks and Caicos Islands in 2007 with a reinsurance license and then relocated to Barbados in 2013, obtaining a general reinsurance license granted by the Financial Services Commission of Barbados.

Between 2015 and 2017 the company began the implementation of a diversification and globalization strategy, launching its new corporate image, ACTIVE RE, in 2018.

Over the next two years, the company increased its capabilities and portfolio broadening its services in Latin America, the Middle East, Eastern Europe, Asia Pacific, and North Africa, culminating in 2020 with a strong and diversified portfolio in new markets, lines of business, and distribution channels; including various agreements with Managing General Agencies around the globe.

For 2020, Active Re continued to successfully acquire new business and pursued to have a steady workflow- at a time when the sector’s growth was profoundly disrupted by the COVID-19 pandemic.

In 2021, the strengthening of the operational team and the addition of new managers to the group were key. The company expanded its portfolio of accepted treaties and consolidated its alliances with MGAs as pillars of growth and profitability.

Also in 2021, the international risk rating agency AM Best increased the Outlook from Stable to Positive and affirmed the international investment grade rating of A- / a- (Excellent) for a fourth consecutive time, which resulted in the obtention of several international awards, including: Best Specialty Reinsurance Solutions in the Global category, Best Reinsurer in the Emerging Markets category, by CFI International, Best Reinsurance Company and Best Risk Management Service Provider in Latin America for The World Economic Magazine Inc. and Best Alternative Risk Transfer Solutions in Latin America for Business Review Magazine.

Active Re begins the year 2022 with promising numbers and news, including once again the affirmation of the Financial Strength Rating of the company of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) by AM BEST, with both outlooks positive.

In addition, the company repeated as a winner of the awards “Best Reinsurance Company in Latin America” and “Most Innovative Risk Manager in Latin America” by the World Economic Magazine.