Barbados Emerges as a Strategic Hub for The Growth of The MGA Model

PRESS RELEASE

March 2026 – The sustained growth of the MGA (Managing General Agent) model is reshaping how risk is structured and distributed globally, creating new opportunities for jurisdictions that can offer efficiency, regulatory strength, and operational agility.

 

In this context, Robert Ali, Chief Operating Officer of Active Re presented a clear vision at the Barbados Risk & Insurance Management Conference (BRIM): Barbados has the necessary elements to position itself as one of the leading domiciles for MGAs in the coming years.

 

“The MGA model responds to a real market need: specialization, agility, and the ability to scale intelligently. It is not a passing trend, it is a structural evolution of the business,” said Robert Ali.

 

With a global market exceeding USD 104 billion and maintaining double-digit growth rates, MGAs have become key players within the insurance and reinsurance value chain.

 

Barbados is emerging as a competitive jurisdiction thanks to its risk-based capital framework, efficient licensing timelines, and favorable tax environment—factors that position it strongly against other traditional domiciles.

Additionally, the development of the MGA ecosystem is closely linked to trends such as digitalization, the use of artificial intelligence, and specialization in emerging lines, from cyber to parametric risks and digital assets.

For Active Re, the growth of the MGA model represents not only a business opportunity but also a way to strengthen the connection between capacity, distribution, and technical expertise in increasingly segmented markets.

“The future of the market lies in smarter structures, where technology and specialization enable growth without losing technical discipline. Barbados has the potential to be a central part of that evolution,” Ali concluded.

 

About Active Re:

Active Re is a Barbados-based reinsurer established in 2007. The company comprises 91 professionals located in 17 cities across 15 countries around the world, maintains a diversified geographic business presence in 129 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 latest AM Best's Credit Rating, access www.ambest.com.