Active Capital Reinsurance ( Active RE ) is continuing to expand globally and diversify their business in spite the challenges of the corona virus pandemic. Juan Antonio Nino Pulgar, the CEO of Active RE, said that the company had to face great obstacles in the past, and it has proved that with resilience and determination any hurdle can be overcome. Most countries were facing strict mobility restrictions in the places it operated, but the Barbados headquartered international firm continued to work without any gaps.
Active RE provides reinsurance products and the risk management service and tools to 284 conceding companies and 107 brokers, across 83 countries like Latin America, Europe, MENA and APAC. The mission of Active RE is ‘Benefit for All’, and having this, they have been dedicated for 13 uninterrupted years now leading to the promotion of its brand and work ethic. The firm is mainly categorized by its unique reinsurance solutions which are aimed at the comprehensive management of risks of financial and credit institutions, as well as regional economic groups throughout the Latin America. He shared that, they had received nothing but trust, loyalty and massive support from our clients. He had nothing but gratitude to express his sincere thanks and his high appreciation to his clients and to his strategic allies; distribution channels, retrocession Aires, staff and mainly his employees. Nino expressed that they had been accompanying the firm on a high level on their journey to success for the past 13 years. He also hoped that they continue doing the same and inspiring the company in the coming years too.
Active RE, has reported a gross annual average premium of $108 million in the past 5 years. Combining an average ratio of 86 per cent. It accumulated a sum of $832m in 2007-2019, offering high-class financial security to clients located in 83 markets across all continents. He dedicated all the successful delivery of the technical results to the diversified portfolio and a conservative underwriting policy. All this based on appropriate retaining of the core business and the cession of stabilities and accumulations for the first line retro capabilities. Due to increase in the reinvestment of the earnings and capital injections, the equity base has grown more than before. This resulted in its performance and maintaining high levels of liquidity, profitability and regulatory adequacy.
To embrace the task of growth, diversification and competitiveness in such an instable environment and in a short period of time, they revised and restructured two of their fundamental pillars, those pillars are the Enterprise Risk Management (ERM) framework and the Strategic Map (Mapa Estratégico®). And after this the company’s risk matrix has shown visible changes in certain types of risks, such as cybercrime and pandemic, which represented the recent global trends. But the risks were regularly monitored by the firm as Nino stated.
Entering new marketplaces and business lines was an occasion and a confident step of significance in times of external and internal influences, Nino thanked the combined effort of his team and the support of their allies and distribution channels. In lesser than just two years, Active RE completely renewed its tech platform, that too with a growing level of atomization in sectors of operations, which in other instances would have absorbed expensive and rare resources. Since 2015, they had been working on a diversification strategy into other markets and lines of business, thus augmenting its global reach and widening client solutions, said Nino. This effort technically led the company to develop a substantial global portfolio, not only in bancassurance but also in old-fashioned lines of reinsurance. Going further, recruitment of new senior staff members. Ramon Martinez-Carrera has been appointed by Nino as deputy CEO and he also welcomed three new colleagues from Mexico and Argentina for top positions in its offices around the world.