Third Party Non-Life business
Over time, the Non-Life account has transformed in accordance with the changes in our group’s strategy. The first third party Non-Life reinsurance policy as per the current underwriting philosophy was written in 2013.
We focus on Ultimate Nett Loss (UNL) retrocession business, writing:
At this time, we do not write index products or cat bonds.
We also write some traditional reinsurance for further diversification:
We work both directly with specially selected partners and on broker distributed business.