ACTIVE RE’S RATINGS STAND OUT IN THE GLOBAL REINSURANCE MARKET – OUTLOOK REVISED TO POSITIVE BY AM BEST
In a year of great challenges, AM Best revised the outlooks to positive from stable, and for the third consecutive year affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a- “(Excellent) for Active Capital Reinsurance, Ltd. (Active Re).
“The Credit Ratings (ratings) reflect Active Re’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). The revision of the outlooks to positive reflects AM Best’s favorable view over Active Re’s operating performance, amid its continuous global expansion, supported by consistent sound underwriting practices comparing strongly with competitors despite a challenging operating environment driven by the COVID-19 pandemic”.
Since 2014, the company has obtained high credit ratings from AM Best, outperforming itself year after year, with a continuous global expansion and sound underwriting practices, leading the path to success in the reinsurance global market.
Credit ratings obtained over the years not only reflect continuous improvements in operating performance and ERM framework, but also a risk-adjusted capitalization at the strongest level-as measured by Best’s Capital Adequacy Ratio (BCAR), positioning the company as one of the most competitive reinsurers in the market.
As ACTIVE Re continues its geographic expansion, we reaffirm our commitment to efficiency, transparency and reliability, focusing on minimizing counterparty credit risk exposures, containing acquisition expenses and growing the company’s capital base, while sustaining results and profitability.
We will continue to work hard in our offering of reinsurance and risk management solutions to our global client portfolio, aiming for excellence in order to become an adequate answer in these times of so many questions.
To our clients, distribution channels, and staff we appreciate your support and propose to you to accept working together today, to be stronger tomorrow!