Ocean RE promotes its Commitment to Corporate Social Responsibility in 2023
By Space Coast Daily // October 30, 2023
Reinsurance company Ocean RE, a reference in the reinsurance industry, has undertaken a series of strategic moves in the past year focused on reaffirming its unwavering commitment to Corporate Social Responsibility (CSR) as the cornerstone of its corporate mission.
Aware of the importance of making a positive contribution to society and the environment, Ocean RE has established a strong focus on CSR, integrating sustainable practices into all its operations and projects.
In this way, Ocean RE seeks innovation in a responsible manner, concentrating on solutions that have a positive impact on society and the environment. The company encourages an innovative spirit among its employees and collaborates with other leaders addressing social and environmental challenges. More recently, Ocean RE entered into an agreement with Moody’s RMS, a leader in catastrophe risk solutions and models, with the aim of promoting the implementation of new technologies and the adoption of sustainable approaches.
“The development and growth of Ocean RE are linked to innovation and the consolidation of activities in which our experience and proven profitability play a decisive role,” argues the management team of the reinsurance company.
In line with its commitment to environmental sustainability, Ocean RE has implemented policies and principles of corporate governance that guide all its actions. Among its key elements, Ocean RE applies an ERM (Environmental Resources Management) process in all its operations. This includes the establishment of a strong corporate governance and a well-defined risk policy that covers risk management, tolerance, and the use of internal committees to address the sustainability challenges that both businesses and society face today.
At the same time, as part of its focus on making a positive contribution to society, Ocean RE has stood out through donations to a variety of national causes. Among the most recent, there is mention of the Eden Lodge Youth Charitable Trust’s Annual Back to School Program 2023, an initiative that managed to provide assistance to 493 students, exceeding their expectation of 425 beneficiaries. This program not only provides essential school materials such as uniforms but also covers additional expenses, including textbooks and essential services.
Ocean RE is a renowned global reinsurance company, specialized in offering innovative, tailor-made solutions for its clients worldwide. With a focus on sustainability and social well-being, Ocean RE positions itself as a committed leader to positive change that will continue to expand its product offerings and increase its territorial coverage in Latin America to open up to new strategic markets.
About Ocean RE Reinsurance Company: “At Ocean Re, we constantly pursue the principle of turning risk into value.”
Ocean International Reinsurance Company Limited, popularly known as Ocean RE, is an international registered company that offers reinsurance services to its clients through innovative and efficient risk transfer programs. The reinsurer has offices and representations in Barbados, Panama, Mexico City, London, and more recently, in Colombia and Argentina.
According to the trained team at Ocean RE: “The fundamental principle of our business is ‘Turning risk into value,’ which determines our approach to the risks and opportunities that arise every day.” In this way, the reinsurer bases all its activities on a commitment to discipline, honesty, and consistency in underwriting and claims management, establishing transparent, long-term relationships with all its clients and partners. In the last decade, the company has undertaken a series of acquisitions and alliances with other specialized firms, with the goal of expanding its team and strengthening the balance of all its business strategies.