ACTIVE RE DRIVES GLOBAL EXPANSION AND LEADS THE MGA DISCUSSION AT BIBA 2025

Barbados, April 2025 - Active Re has reinforced its international expansion strategy and leadership in the reinsurance sector through its prominent participation in the BIBA Barbados Risk & Insurance Management Conference 2025, held on March 27-28 at the iconic Wyndham Grand Barbados Sam Lord's Castle. This event, recognised in the risk management and insurance sector, brought together top industry leaders to discuss emerging trends and new frontiers in reinsurance.

With a clear vision of connecting markets, anticipating industry trends, and delivering innovative solutions, Active Re engaged in this forum to reaffirm its commitment to sustainable growth and continuous innovation. During the conference, Robert Ali, Active Re's Chief Operating Officer, moderated the panel discussion titled “MGAs: A New Frontier in Expanding the Reinsurance and Insurance Landscape in Barbados,” where he shared insights on the role of Managing General Agents (MGAs) in the expansion and evolution of the regional reinsurance market. The MGA portfolio of Active Re has evolved over the past 5 years to be recognised as it's own underwriting pillar of the company. For 2024, the MGA production accounted for 46% of the Gross Written Premium resulting in a Net Reinsurance Premium of USD 101.9m representing a year-on-year growth in NRP of 27% and a 43.9% Technical Profitability.

Ali was joined on the panel by prominent industry leaders, including Mr. Graham Bell, Chief Executive Officer of Kemah Capital (Texas, USA); Mr. Matthew Webb, Partner - Delegated Risk Solutions at Consilium Insurance Brokers (London, UK); and Mr. Patrick E. Taylor, Founder and Managing Director of Worldwide Reinsurance Limited (Grenada).

MGAs play a pivotal role in delegated underwriting through Delegated Underwriting Authority (DUA), enabling insurers and reinsurers to expand their underwriting capacity and manage risks more efficiently. “MGAs are a cornerstone of reinsurance development, offering flexibility and efficiency in risk underwriting. At Active Re, we believe their ability to connect insurers with emerging markets creates key opportunities to provide tailored solutions that meet local needs,” emphasized Robert Ali.

Active Re Executives Ramón Martínez Carrera, CEO, Christian Vergara, CFO, Alexandra Cuartin, Delegated Underwriting Authorities Supervisor, and Ryan Thornhill, Reinsurance Claims Analyst, actively participated in the conference, highlighting how strategic partnerships are essential for the company’s sustainable growth. All the executives underscored that these alliances allow Active Re to remain at the forefront of an increasingly competitive reinsurance market.

The panel aimed to enhance understanding of the MGA model and position Barbados as an attractive domicile for its development—aligning with the country's global positioning as a hub for captive insurance companies. The discussion also addressed the interaction of MGAs with various players in the risk transfer chain, including reinsurers, brokers, and regulators.

Active Re's participation in this event affirms its global expansion strategy and commitment to strengthening alliances with MGAs, brokers, and reinsurers, enabling it to stay ahead in the sector through innovative solutions and efficient risk management in a dynamic environment.

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.