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Barbados-based reinsurer Active Capital Reinsurance, Ltd. (Active Re) has joined BIBA, the private-sector trade organisation representing over 130 firms engaged in global business in Barbados, as a member, reinforcing its commitment to participate in industry dialogue on regulation, market development, and the international business environment.
Active Re emphasises that the move reinforces its commitment to maintain an active role within the jurisdiction and the wider Caribbean market.
Membership of BIBA provides the reinsurer with an additional platform to participate in discussions relevant to Barbados’ international business and financial services sectors.
Active Re will also have the opportunity to engage with BIBA’s specialist working committees, including its Insurance Committee, providing a forum for the exchange of ideas with insurers, brokers, financial institutions, regulators, and other market participants.
The reinsurer expects this membership to provide an opportunity to bring its international reinsurance perspective to relevant industry discussions, while deepening its understanding of the market and strengthening relationships across Barbados and the wider Caribbean.
Robert Ali, Chief Operating Officer, Active Re, commented, “For a reinsurer, being close to a market means more than having a commercial presence. It means understanding how the regulatory and business environment is evolving, remaining connected to the issues affecting insurers and brokers, and contributing meaningfully to industry dialogue.
“Our membership of BIBA strengthens that engagement in Barbados and supports the long-term relationships that are central to the way we do business.”
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📰 This article is sourced from a trusted insurance industry publication. Legacy Life Insurance Group shares this for informational purposes only. Always consult a licensed advisor for personalized guidance.