9 Annual Report 2019 Letter from the CEO Looking back over the past months I can say with great confidence and pride that it has been a year full of success for NewRe In 2019 we have once again proven our position as a reinsurer that aims for steady growth while maintaining a loyal and committed relationship with its clients At CHF 210 3m NewRe s overall 2019 re sult compares positively to the previous year s figure of CHF 133 4m The year saw continuous and profitable growth in all business segments Property Casu alty Customised Solutions Weather and Life This extraordinary result stems from profits in natural catastrophe reinsurance business which showed favourable loss development reserve releases in Motor UK as a result of the Ogden rate change positive development in the Weather seg ment and equally positive new and exist ing Life business We have maintained a strong strategic fo cus on running a diversified book of busi ness and have demonstrated our willing ness to make forward looking decisions Our financial statements and the Man agement report page 14 take a closer look at what exactly lies behind our 2019 performance In its 2019 reporting period NewRe under went a change on its Board of Direct ors after three years Claus Ulrich Kroll departed to continue his career within the Munich Re Group taking on the CEO function at Munich Re of Canada We sin cerely thank him for his dedication and hard work in supporting the company s success NewRe was pleased to welcome Claudia Hasse from Munich Re to the Board of Directors on 1 January 2019 She is cur rently Chief Executive Manager for Ger many Cyber in Europe Latin America and Pharmapool besides serving as Head of Supervisory Board for both Great Lakes Insurance SE and for Munich Re of Malta With her broad background in our industry Claudia Hasse is an excellent complement to the current Board of Dir ectors NewRe continued to operate as an inde pendent reinsurer in the Property Casualty realm while it has further lever aged its synergies with the Munich Re Group over the past year to drive its Customised Solutions Weather and Life segments We believe that tapping into the Group s resources has been highly beneficial for our clients as well If any thing the past year has highlighted the importance of knowledge about changes in risk in the world we are living in I can proudly say that we are well positioned for such an evolving future At the heart of NewRe we boast an excellent team of experts and specialists in Zurich who take these challenges in their stride At the same time the renewal cycle at the end of 2019 has strengthened our firm belief that long term relationships be tween reinsurers and clients are proving to be increasingly important We greatly value these partnerships with you our clients and business partners and would like to thank you sincerely for the trust and loyalty you place in us Yours respectfully Renate Strasser NewRe AnnualReport 2019 Korrekt indd 9 27 04 20 09 43

Hinweis: Dies ist eine maschinenlesbare No-Flash Ansicht.
Klicken Sie hier um zur Online-Version zu gelangen.