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Bermuda:Re+ILS Spring 2016

34 Spring 2016 Bermuda:Re/insurance+ILS PROPERTY TEAMS Qatar Re Qatar Re’s Bermuda-based property team is focused on all types of short-tail treaty reinsurance business in North America including non-standard auto. Portfolio risk is accepted on both a proportional and a non-proportional basis. The company sources business directly from North American-based brokers and welcomes visitors to its Bermuda headquarters. Says the firm: “Qatar Re’s core strength and discipline is building strong partnerships with cedants who share its philosophy of creating long-term and mutually beneficial relationships. The horizontal management structure means that decisions are made quickly without requirement for extended levels of sign-off.” The company says it aims to capture an even larger share of the marketplace, not only in catastrophe business, but also across all property and short-tail lines in North America. Key executives Luke Roden, principal representative & global head of catastrophe; Rob Lee Womack, underwriting manager North American property. Qatar Re’s international property catastrophe team, based in Zurich, Switzerland, report into the Bermuda team. RenaissanceRe RenaissanceRe has been one of the world’s largest providers of property catastrophe reinsurance for more than 23 years. To better serve its clients, it has evolved into a highly flexible reinsurance partner, expanding and enhancing our global products, platforms and teams. Its book of property business extends beyond catastrophe excess of loss reinsurance, while clients remain its number one priority. Says the firm: “Our partners benefit from our strong ratings and capital position, plus our track record of paying claims quickly. We are committed to developing long-term relationships that endure through market cycles. Capital management expertise has long served as a cornerstone of our franchise. Through our Ventures unit, we have access to a variety of capital sources and are able to align the most efficient capital with our clients’ risks.” The firm’s long-term investments in understanding natural hazards and evolving risks, including its in-house team of scientists at WeatherPredict, generate intelligence to help inform clients’ risk management decisions. “We are committed to developing long-term relationships that endure through market cycles.” RenaissanceRe RenaissanceRe’s products include cat excess of loss and excess of loss retro reinsurance. Contracts are generally ‘all risk’ in nature and can be offered on a worldwide basis. Renaissance Reinsurance: Ratings: AM Best ‘A+’; Standard & Poor’s ‘AA-’ Target business: US and international cat reinsurance/retrocessional DaVinci Reinsurance: Ratings: AM Best ‘A’; Standard & Poor’s ‘AA-’ Target business: US and international cat reinsurance/retrocessional Top Layer Reinsurance: Ratings: AM Best ‘A+’; Standard & Poor’s ‘AA’ Target business: Ex-US cat excess of loss reinsurance; low frequency, high severity Upsilon RFO Re: Target business: Worldwide reinsurance/ retrocessional and cat excess of loss; collateralised Key executives Ross Curtis, senior vice president and group chief underwriting officer; Justin O’Keefe, senior vice president and chief underwriting officer— property; Cathal Carr, senior vice president; Justin Freisenbruch, senior vice president; Rebecca Roberts, senior vice president; Jeff Manson, vice president; James Mitchell, vice president; Peter Muirhead, vice president; John Carty, assistant vice president; Stephen Fahy, assistant vice president; Adria Richards, assistant vice president. Tokio Millennium Re Tokio Millennium Re (TMR) regards property-catastrophe reinsurance as the original foundation upon which the company was built and it remains a core line today primarily for its US, Canadian and UK clients. TMR has “a strong analytical focus” and its target opportunities include residential and small commercial exposures (which the company believes model relatively accurately), written by clients with whom it can partner to improve risk knowledge and analytical capabilities (eg, claims studies, relationships across multiple lines of business, etc). The company typically focuses on medium to large programmes and will “entertain semi-private/private layers where available”. It offers what it calls substantial capacity and works closely with TMR’s Capital Solutions unit to access additional capacity on a fronted basis from insurance-linked securities (ILS) partners when additional support is desired by clients. Backed by an unconditional parental guarantee and armed with a rating of ‘A++’ from AM Best, TMR is able to provide significant capacity. It does not publish information relating to exactly how much GWP it underwrites in this line. Key executives Simon Arnott, executive vice president, underwriting, head of catastrophe; Meredith Head, senior vice president, underwriting, property-catastrophe; Zaira Jones, assistant vice president, underwriting,


Bermuda:Re+ILS Spring 2016
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