Welcome to NewRe

Latest Annual Report

A milestone year

2024 marks a significant milestone year for NewRe as we present an outstanding result which surpasses the level of EUR 200m for the first time in NewRe’s long history. At EUR 220m, NewRe’s overall 2024 result represents a remarkable shift compared to the previous year’s figure of EUR -185 m. Furthermore, we were able to grow our business significantly to gross written premiums of EUR 7.6 bn. This accomplishment is a testament not only to NewRe’s resilience but also to our collective culture of high performance and collaboration that defines our company. Together, we have not only exceeded our goals but have also laid a solid foundation for future growth and success.

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New Chief Underwriting Officer

Iris Urban to lead the Property & Casualty business

We are happy to announce the appointment of Iris Urban as new Chief Underwriting Officer for our non-life business. In this role, she will oversee the underwriting strategy and management, as well as the portfolio optimisation to drive sustainable growth and profitability across the company’s Property & Casualty operations.

“We are extremely pleased to welcome Iris Urban as our new CUO, “ commented Thomas Braune, CEO of NewRe. “NewRe is committed to advancing its position as a trusted leader in the Property & Casualty market, and the appointment of Iris Urban reinforces our dedication to underwriting excellence and client-focused solutions. Her wealth of experience and knowledge will be instrumental as we continue to successfully manage the non-life portfolio in these volatile times.“

Biography

Relationship building

It’s about more than just capacity

There are many paths to success. In devising innovative solutions tailored to a client’s needs, a young and talented Property & Casualty team at NewRe impressed the client with their efficiency and commitment – and landed a new line in a coveted casualty market.

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Weaving magic

The art of teamwork

A cross-functional team can make the difference between a humdrum deal and a truly satisfying one. It also provides the credibility that clients seek. And credibility begets trust.

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Impact investing

Everything I do is new

At NewRe, taking on risk is second nature. But joining forces with the ICRC to finance humanitarian aid meant taking on a whole new world of risk. Rebecca Cichon, a senior originator with the Capital Partners team at NewRe, talks about the promise and complexities of applying private sector solutions to public sector problems.

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Facts & Figures

2024 results

NewRe generated a favourable result of EUR 220 m, compared to the previous year’s loss of EUR - 185 m. NewRe’s gross premiums increased from EUR 6.3 bn in 2023 to EUR 7.6 bn in 2024. At the same time, we are proud to report that the company maintained its financial strength, expressed by our AA rating (S&P) as well as an continuously strong SST ratio of 213% in the reporting year.

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Complex solutions

Having what it takes!

A major client shows up during crunch season with a complex deal that needs to close before yesterday. You can say no. Or you can say yes – and, given the right talent and a bit of improvisation, end up with something that works to everyone’s advantage.

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Financial reports

Financial stability

NewRe’s annual reports and financial condition reports provide an overview of the company’s performance and highlights of our latest developments.

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Wind energy

Developing the future

The unpredictability of the wind has inspired poets and songwriters since time immemorial. If you’re a wind farmer, though, it can play havoc with your earnings. How do you take the guesswork out of trying to harness an elemental force?

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