Underwriting activities - Non-Life

From our headquarters in Geneva, we service all the European markets through our three regional underwriting teams, supported by a central actuarial department. We deal with regional European companies and multinational companies based in Europe, writing business through brokers (approximately 80%) as well as on a direct basis (approximately 20%). Our main line of business is property (about 65%), followed by casualty (30%) and marine and credit (5%).

2007 was another successful year for New Re despite a more difficult environment and a softening market. We expect continued pressure on prices and conditions in 2008. Our focus is to manage risks in this phase of the cycle with the highest standard of underwriting and discipline.

Our underwriting approach combines market knowledge as well as actuarial and risk management expertise. Our underwriters and actuaries work closely with our brokers and clients to analyse their specific risks and exposures and to offer the most appropriate treaty solution. One of our core strengths is designing tailor-made solutions that complement the main reinsurance programme and provide cover for both severity and frequency.

At New Re, our goal is to respond quickly and effectively to client requests for structuring and quoting reinsurance treaties, and for claims settlements once a loss has occurred.