We develop risk diversification to balance the portfolio in the best way possible. Diversification includes the geographical split of our worldwide business, a diversified mix of different reinsurance buyers (Global, Regional, Local, Specialty and Emerging) and a diversification in business lines in taking advantage of our enhanced Standard & Poor’s A|stable rating.
We focus on non-life Property, Casualty and Specialty treaty business and base our approach on a gross for net underwriting driven culture. In addition, we aim to achieve operational optimisation with a customer focussed organisation to reflect the Markets and Regions and complement them with Specialty know-how. State of the art tools and a strong actuarial workforce support the development of the business.
We have a preference for broad relationships across all lines of business. Our ambition is to become a leading follow reinsurer in any treaty placement in which we participate. Consistency and reliability combined with the necessary flexibility to engage in proportional and non-proportional Property, Casualty and Specialty business are the backbone of our business culture.
Adequate systems and efficient reliable processes are necessary to produce a great business performance. We implemented a new reinsurance management system in 2015 which has been tailored to our needs and supports our processes and strategic ambition. We will continue to digitalise our processes to improve our bottom line performance and delight our customers.