• Sale of US subsidiary Praetorian reflected in premium decline and extraordinary income
• January storm “Kyrill" largest single loss event with net strain of EUR 116 million
• Subsidiary and branch in Bahrain get off to a successful start
  
  

Markets, customers and products

Based on our experience in all lines, we are valued as an undogmatic, flexible and innovative alternative to the regional market leaders. We position ourselves as a "multi-specialist" in selected market segments with a comprehensive product range. We prefer to offer our structured reinsurance concepts as a complement to existing reinsurance solutions.

Goals

• Remain one of the most profitable non-life reinsurers

• Expand and opportunistically enlarge market share if conditions are adequate

• During soft market phases no volume or growth targets, but instead reduction of market share

Sales channels

• Largely broker-oriented

• Selected representative offices and branches

• Centralized underwriting in treaty business

Brands