INAUGURATION OF NEW REPRESENTATION OFFICES IN PANAMA- ACTIVE RE
The Barbados-based company maintains offices in 5 global points and presence in +70 countries.
Active Capital Reinsurance Ltd., a reinsurance company based in Barbados and with operations in more than 70 countries around the world, opened a new representation office in Panama City, Panama.
On December 5, 2019, the majority of the company’s 42 employees, of 11 nationalities, from the 5 international offices, together with customers, allies, and friends, participated in the opening of the new representation offices.
The company maintains a risk rating with an international investment grade of A-, which positions it as a reinsurance competitor with global projection.
In Panama they have a technological platform to provide solutions and better communication to their clients in Latin America.
The opening of a new representation office in Panama is part of a global expansion plan where new jurisdictions in the Middle East and North Africa and other European countries such as Romania and Slovenia are being studied.
By 2020 they aim to reach US $ 50 million of capital and additionally continue working with other companies in the market, sharing the risks, which gives them access to larger projects.
“Looking to the future, we will pay close attention to the evolution of the global risk landscape. There are many challenges on the horizon for reinsurance, some of which involve facing exposures to new risks of difficult measurement, modeling and prediction. For Active Re, ratifying its vision as a “Global, specialized and innovative” reinsurer means preserving and exceeding its Excellent rating, increasing the capitalization and financial strength of its balance sheet; strengthening its investment in the strategic fronts of technology and talent of human resources; and applying the best analytical tools to create innovative solutions for the benefit of our customers.”
CEO of ACTIVE RE, Juan Antonio Niño Pulgar.