Active Re names new chief operating officer

The board of directors of reinsurer Active Re has officially announced the promotion of Robert Ali to the role of chief operating officer, effective April 4, 2024.

With an expansive career spanning over 15 years in the reinsurance market, Ali joined Active Re in 2019 as deputy chief operating officer. Throughout his tenure, he has been key in driving the company’s growth and success through his leadership skills and strategic insights, it was stated.

In his capacity as chief operating officer, Ali will play a key role in developing strategic partnerships with managing general agents (MGAs) across various regions and lines of business.

Ali comes to the position holding an MS in insurance and risk management from Cass Business School in London, along with an MB in administration with a specialization in finance from Heriot-Watt University in Scotland. Additionally, he has achieved several professional qualifications, including ACII, ARM, and ILS.

At the announcement of his promotion, Active Re’s CEO, Ramon Martinez Carrera, expressed his confidence in Ali’s abilities.

“We extend our heartfelt appreciation to Robert for his invaluable contributions during his tenure with the company. We have complete confidence in his ability to excel in his new role,” he said.Based in Barbados, Active Re operates under a General Insurance and Reinsurance License issued by the Financial Services Commission of Barbados (FSC). The company engages in a broad spectrum of reinsurance activities, covering sectors such as affinity, property & engineering, energy & power generation, credit & surety, and casualty.

In addition to its business lines, Active Re specializes in providing customized alternative risk transfer solutions (ART), which encompass actuarial analysis and risk management consulting services. Additionally, the company has extended its offerings to include liability and financial lines as well as marine cargo, operating through various managing general agents (MGAs).