ACTIVE RE STRENGTHENS ITS PRESENCE IN THE CARIBBEAN WITH THE INAUGURATION OF NEW OFFICES IN BARBADOS

Barbados, September 19th, 2024 - Active Capital Reinsurance, Ltd. (Active Re), a leading global reinsurer based in Barbados, has taken a significant step in its branding strategy with the opening of new offices on the Caribbean Island.

This achievement strengthens Active Re's brand presence and creates new opportunities for its clients by providing a local team that will offer customized services to solve the needs of the regional market.

Active Re is recognized in the market for its reputation, reliability and financial strength, attributes supported by the recent affirmation of its "A" (Excellent) rating by AM Best, the oldest and most influential rating agency in the industry.

The recognition received reflects the success of the strategy that the company has been implementing in recent years, which further consolidates its position as a global benchmark in the reinsurance sector, committed to high standards of management and financial strength.

"We are very excited to strengthen our presence in Barbados, which will allow us to connect more closely with our customers and partners in the region," said Ramón Martínez Carrera, CEO of Active Re.

"This step also reinforces our connection with key bodies such as the Financial Services Commission (FSC), while emphasizes our commitment to transparency and compliance with the highest regulatory standards, ensuring our adherence to Economic Substance Law”.

To lead the operations in Barbados, Active Re has assembled a team of highly prepared professionals with extensive experience in the reinsurance sector.

Robert Blair Ali, Chief Operating Officer, is responsible for strengthening strategic alliances with MGAs across different regions and types of business. His vast knowledge of the reinsurance market and his successful track record of more than 15 years in the industry are essential to the company.

Alexandra Cuartín, in her role as Delegated Underwriting Authorities Supervisor, along with the Chief Operating Officer, is dedicated to optimizing operations related to Delegated Underwriting Authority agreements, while ensuring compliance with regulatory requirements.

In addition, Ryan Thornhill, as Reinsurance Claims Analyst, directly supports the Delegated Underwriting Authorities division and will work with the Claims team, ensuring agile and efficient claims management.

The opening of the new office was a significant event, attended by distinguished guests and key members of the Active Re team. The event included a symbolic ribbon cutting, with the aim of commemorating the start of operations, and a reception was offered to celebrate this important achievement in the company's expansion.

About Active Re:
Active Re is a Barbados-based reinsurer established in 2007. The company comprises over 80 professionals located in 18 cities across 12 countries around the world, maintains a diversified geographic business presence in more than 140 countries across Latin America, the Middle East, Europe, and Asia Pacific, and focuses its underwriting efforts on short-term, non-catastrophic risks. For more information about Active Re: www.active-re.com. For the lates Best's Credit Rating, access www.ambest.com.