New reinsurance company
| New Reinsurance Company Ltd.
|
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|---|---|
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| legal form | Corporation |
| founding | February 22, 1926 |
| Seat |
Zurich , Switzerland
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| management | Renate Strasser ( CEO ) Doris Höpke ( Chairman of the Board of Directors ) |
| Number of employees | approx. 120 (2017) |
| Branch | Reinsurers |
| Website | www.newre.com |
The New Reinsurance Company ( NewRe ), based in Zurich, is an internationally active Swiss reinsurance company that belongs to the Munich Re Group .
NewRe employs around 120 people and achieved an annual result of 128 million Swiss francs in 2017. The company was founded in Zurich in 1926 , relocated to Geneva in 1940 and finally returned in 2009.
The company, which has been part of the Munich Re Group since 1988, is a reinsurer in the property / casualty business and a provider of structured reinsurance solutions. NewRe also specializes in underwriting global variable annuity , life financing, and weather derivatives business. The company's financial strength has been rated AA- by S&P and A + by AM Best.
Business activity
- Non-life reinsurance (geographical focus: Europe)
- Traditional non-life contract reinsurance (property / casualty)
- Natural disasters - excess loss
- Tailored structured reinsurance solutions
- Life reinsurance (geographical focus: Europe and East Asia)
- Reinsurance of variable annuity products
- Life Financing Business
- Weather derivatives