Active Re Gains Approval to Operate as Admitted Reinsurer in Argentina
By BINSUER
ARTICLE
Barbados-based reinsurer Active Capital Reinsurance has received approval to operate as an admitted reinsurer in Argentina, opening the door to direct participation in the local market.
The move fits the company’s selective expansion playbook across Latin America. No rush, no scattershot growth.
According to Active Re, the authorisation allows entry into a market it views as technically sound, with rising demand for specialised reinsurance capacity. The company says the approval strengthens its regional presence and gives it a platform to engage more closely with local insurers and brokers.
Active Re brings 18 years of international reinsurance experience and operates across more than 137 countries.
Its portfolio spans roughly 650 cedants, supported by a global distribution network of about 170 brokers. Scale isn’t new for the firm. Argentina adds depth, not reach for reach’s sake.
The reinsurer says its operating model rests on underwriting discipline, conservative capital management, and long-term counterparty relationships.
That approach applies across both developed and emerging markets, and management suggests Argentina will be no exception.
In 2025, AM Best reaffirmed Active Re’s Financial Strength Rating of A (Excellent) and its Long-Term Issuer Credit Rating of “a” (Excellent), both with stable outlooks. The ratings reflect strong risk-adjusted capitalisation, steady operating results, and a solid enterprise risk management framework, according to the agency.
Looking ahead, Active Re plans to build targeted relationships within Argentina’s insurance market. The focus will stay on business that fits its risk appetite and underwriting standards.
Growth, the company says, will remain disciplined. That word keeps coming up.
Ramón Martínez Carrera, chief executive of Active Re, calls the approval a meaningful step in the firm’s regional strategy. He says it allows the reinsurer to engage with a technically robust market while contributing capacity backed by underwriting and risk controls aligned with international norms.
“Authorisation in Argentina is a meaningful milestone within our regional expansion strategy. It allows us to engage with a technically solid market while contributing capacity supported by disciplined underwriting and risk management practices consistent with international standards.”
Ramón Martínez Carrera, CEO Active Re
According to Beinsure, Argentina’s admitted reinsurance market has been drawing renewed interest as local insurers look for stable counterparties with consistent appetite. Active Re is positioning itself to be one of them.
This article was initially released in Beinsure with the title, "Active Re gains approval to operate as admitted reinsurer in Argentina
