Active Capital Reinsurance (Active Re), a global reinsurer headquartered in Barbados, has announced that it closed 2025 with a combined ratio of 88.4% (2024: 94.5%), return on equity of 16.1% (2024: 17.3%), technical result of $26.7m (2024: $20m), and total equity of $108m (2024: $100.3m).
In its 2025 Annual Report, the reinsurer said that 2025 was a year defined by technical discipline, underwriting selectivity, and the continued strengthening of its international platform.
Mr Ramon Martínez Carrera, CEO of Active Re said, “In a market that continues to reward discipline, Active Re demonstrated that portfolio quality, capital strength, and technical consistency are the foundation of sustainable growth. During 2025, we made demanding decisions, prioritising technically sound business, long-term relationships, and a clear risk vision. This approach allows us to enter the next cycle with a stronger balance sheet, a more diversified portfolio, and a team prepared to continue creating value for our clients, partners, and shareholders.”
The 2025 Annual Report also highlights the consolidation of Active Re’s international presence. At year-end, the company served 628 cedants across 129 countries, supported by a team of 83 professionals and a network of 190 brokers and 15 Delegated Underwriting Authorities (DUAs). During the year, Active Re strengthened its regulatory presence in Argentina, advanced its recognition as a foreign reinsurer in several jurisdictions across the Middle East, Asia, and Africa, and deepened its relationships with cedants and brokers across North America, Latin America, the Caribbean, EMEA, and Asia-Pacific.
The treaty business remained a key growth pillar, driven by Property & Engineering, Specialty Lines, and Credit & Surety, while maintaining a disciplined approach that prioritised technical profitability over volume growth. The company also strengthened its global retrocession program and continued consolidating its Alternative Risk Transfer (ART) platform, expanding its ability to provide risk transfer and capital efficiency solutions.
During the year, Active Re implemented solutions supported by artificial intelligence, prioritising tangible improvements in technical and operational processes. By the end of 2025, 50% of treaty technical accounts were being processed with the support of artificial intelligence, as part of a roadmap that will continue to evolve throughout 2026.