Active Re launches new office in Barbados

Global reinsurer Active Re strengthens its presence in the Caribbean with the opening of new offices on Barbados, a significant step in the company’s branding strategy.

By establishing a local team dedicated to addressing the unique requirements of the regional market, Active Re reinforces its brand identity and opens up a realm of fresh possibilities for its clients.

This strategic move enables the company to provide tailored services that effectively respond to the needs of the region.

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

The team includes Robert Blair Ali, as Chief Operating Officer, who will be responsible for strengthening strategic alliances with MGAs across different regions and types of business.

Alexandra Cuartín, was appointed Delegated Underwriting Authorities Supervisor and Chief Operating Officer. She has been tasked with optimising operations related to Delegated Underwriting Authority agreements, while ensuring compliance with regulatory requirements.

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

Ramón Martínez, CEO of Active Re, commented: “We are very excited to strengthen our presence in Barbados, which will allow us to connect more closely with our customers, partners and stakeholders in the region.”

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

AM Best has recently affirmed its “A” (Excellent) Financial Strength Rating (FSR) and its “a” (Excellent) Long-Term Issuer Credit Rating (ICR), both with a stable outlook.

This reflects the firm’s reliability and financial strength, Active Re highlights.

According to the reinsurer, this recognition 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.

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