ANNOUNCEMENT

Dear Clients and Strategic Partners:

After six months of confinement and application of creative forms of remote working, Active Re is ready to return to a new normal. We shall do with the satisfaction of having increased our global presence, financial strength, and corporate cohesion. The company’s professional and executive team has grown, enlisting young and knowledgeable talent, which to date has allowed us to generate business from 273 cedants in 85 countries.

I am pleased to inform you about the Global Underwriting Team, which will ensure the leadership’s continuity through the transfer and reinforcement of responsibilities in all lines of business, types of contracts and geographic areas in which Active Re operates. Its members have a high standard of technical discipline, professional and human integrity, in which we place the trust to execute expansion plans in these challenging times, working in close cooperation with our clients and strategic partners.

We welcome Martín Bages, who has 25 years of experience in senior management of regional offices of global professional reinsurers, serving the claims, underwriting, and marketing areas of the Facultative and Treaty lines of business. Martín will coordinate cooperative relationships with our strategic clients in charge of facultative business in Latin America and Treaty business globally.

With satisfaction we also present Robert Ali, with more than 14 years of experience in Property and Energy insurance and reinsurance, also backed by a solid academic background in Insurance and Risk Management. Robert will act as a key manager of Active Re’s relationships with underwriting agencies, special projects and also with retrocession markets, tasks that he will combine with his responsibilities as Deputy COO.

The underwriting guidelines and policies, as well as the formal risk acceptances, are executed centrally in Active Re. The professional team that we now present to you, will remain close to you and to the markets’ particularities, operating a technological platform with a high level of automation and supported by an agile process of decision-making by the company’s Senior Management.


The occasion is also favorable to announce that, after more than 50 years of a worthy career, Tony Eskildsen welcomes a well-deserved retirement from his operational responsibilities as Chief Underwriter Officer. From now on, Tony will remain a member of the Board of Directors of Active Re, which has also been decided to appoint Ramón Martínez Carrera as a new Director, and who will continue in his current position as Deputy CEO of the company.

On behalf of Active Re and myself, I reiterate our appreciation and commitment to continue to strengthen our business relationships with you, our valued clients and strategic business partners. We invite you to directly contact the teams’ representatives and learn more about the products and risk appetite that the company makes available to you. We also request that you extend this information to all of your colleagues related to Active Re, to ensure our customary and smooth business relationships.

 

Juan Antonio Niño Pulgar

Chairman & CEO

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