A.M. Best Co., a global full-service credit rating agency focused on the insurance industry, has awarded a financial strength rating of B+ (Good) and an issuer credit rating of “bbb-” with stable outlook to Active Capital Reinsurance, Ltd. (AC Re). This company, domiciled in Barbados, is owned by Active Capital Holdings Corp., – a privately owned holding company registered in the BVI jurisdiction.
The current rating assigned by A.M. Best Co. reflects Active Capital Reinsurance’s high risk-adjusted capitalization, which was enhanced in recent years due to favourable underwriting and overall earnings, and its Latin American market expertise. The company is working several years with Latin American clients, and has developed extensive knowledge of this market in which it operates and maintains effective risk management strategies.
Active Capital Reinsurance started operations in 2008, providing credit card affinity programs and reinsurance solutions to financial institutions in Latin America, and continues to evolve its profile.