AM Best affirms Active Re’s ‘A’ rating for third year running

Caribbean reinsurer highlights capital strength and global diversification as it surpasses $100m in equity

AM Best has this week affirmed the financial strength rating of Active Capital Reinsurance Ltd (Active Re) at A (Excellent) for the third consecutive year, maintaining a stable outlook.

The ratings agency also confirmed the company’s long-term issuer credit rating at “a” (Excellent).

In its assessment, AM Best pointed to the reinsurer’s strongest-level risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), together with favourable operating performance, a stable business profile, consistent technical discipline, an effective reinsurance programme and a comprehensive risk management framework.

Together, these factors are viewed as supporting the confidence of clients and strategic partners across the 137 countries in which the company operates.

Active Capital Reinsurance, which trades as Active Re, is headquartered in Barbados. Founded 18 years ago, it reported equity of more than USD 100 million in 2024, a level that placed it within AM Best’s Financial Size Category VIII. The company says it now serves more than 650 cedants worldwide.

Speaking yesterday, its CEO Ramón Martínez Carrera said: “This latest affirmation by AM Best confirms the financial strength and long-term vision that define Active Re.

“Our mission remains to deliver innovative reinsurance solutions, grounded in technical excellence, financial discipline, and a global perspective.

“This recognition inspires us to continue raising the standards of service and value we provide to our clients and partners across more than 137 countries.”

The reinsurer’s business mix is led by Property and Engineering (56.7 per cent), followed by Affinity (29.6 per cent) and Surety (13.5 per cent).

By geography, contributions are spread across Latin America (27.1 per cent), North America (18.5 per cent), the Middle East (18.5 per cent), Asia-Pacific (18.5 per cent) and Europe (17.4 per cent).

The company said this level of diversification reflects disciplined underwriting and resilience in volatile conditions.

Active Re maintains that its long-term commitment to the global reinsurance market is guided by a corporate vision that integrates innovation, sustainability and financial strength, with the aim of delivering stability, trust and high-value solutions.