12 Annual Report 2019 Business segments Property Casualty Reinsurance NewRe offers treaty reinsurance solu tions operating as a separate brand with in the Munich Re Group and thus com plementing Munich Re s Property and Casualty offerings We are a transaction oriented reinsurer delivering client value by providing high quality financial rating and large capacities paired with the abil ity to structure and evaluate customised solutions We focus on European cedants and trade mainly with brokers not only because this is how most clients buy reinsurance today but also because we think of the broker as a business facilitator with whom we can work together to find the best suitable solutions Our pan European team set up enables us to allocate resources where they are most needed and ensure swift response times and a transactional mindset Our underwriters are dedicated sparring part ners to our clients providing them with full transparency concerning decision making processes We are a quoting market for Property and Casualty treaty excess of loss reinsurance We have recognised competencies in customised reinsurance to support solvency and growth and protect earn ings Products such as Solvency Q S Multi Line Aggregate XL and retro spective reinsurance benefit from our close cooperation with the local Capital Partners team Capital Partners We believe reinsurance offers profound value for our clients Our agile Deal Teams consisting of experts from NewRe in Zurich as well as from Munich Re in Munich and New York are dedicated to making sure that it does We work closely with clients to jointly develop and struc ture unconventional risk transfer solutions around their needs The results are highly flexible turnkey packages that support the fulfilment of solvency requirements optimise capital management or ensure business plan protection Relying on our support in structuring risk transfers ensures fitting them to specific solvency and rating models In a low yield environment with increasing shareholder expectations locked up capital can be freed up using reinsurance And when business plans encounter disruptions or surprises a tailor made reinsurance solution can limit the impact of distressed situations and protect a client s business plan and cap ital base Our solutions include structured prospect ive and retroactive reinsurance as well as alternative risk transfer instruments like insurance linked securities ILS and de rivatives The team in Zurich specialises in business in continental Europe the Middle East and Africa broker sourced or direct and in public sector business and captives NewRe AnnualReport 2019 Korrekt indd 12 27 04 20 09 43

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