Active Re credit ratings affirmed by AM Best

Global rating agency AM Best has affirmed its “A” (Excellent) Financial Strength Rating (FSR) and its “a” (Excellent) Long-Term Issuer Credit Rating (ICR), both with a stable outlook, for Active Capital Reinsurance, Ltd. (Active Re).

The rationale behind these ratings is the firm’s balance sheet strength, which is assessed as strongest by AM Best, as well as the firm’s solid operating performance, neutral business profile, and appropriate enterprise risk management (ERM).

The rating also reflects ongoing improvements in the reinsurance program and the credit quality of the supporting markets, effectively minimizing counterparty risk.

AM Best’s rating is also endorsed by its agencies in the European Union and the United Kingdom, which is key for meeting regulatory and solvency requirements across all markets where Active Re operates, confirms the reinsurer.

Ramón Martínez Carrera, Chief Executive Officer of Active Re, commented, “This rating of ‘A’ (Excellent) by AM Best reflects the level of maturity achieved through the strategy implemented several years ago, based on constant capitalization, quality and efficiency of underwriting focused on non-catastrophic short-term risks, with conservative leverage.

“Our geographic and business line expansion have been growing orderly, showing good technical results and an adequate global weighted country risk.”

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