Welcome to NewRe

Latest Annual Report

Sustainable in what we do

In its long history, 2023 has been, without a doubt, one of the more challenging years NewRe encountered. An adequate way to describe the year for the company is that it was profoundly ambivalent. On the one hand, we could further grow our businesses significantly to gross written premiums of EUR 6.3 bn while on the other hand, our results have been affected by some significant incidences that caused an annual loss to be reported.  However, we strongly believe in our well-diversified approach and sustainable strategy and can confirm that this the route we will take in the foreseeable future.

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New Chief Underwriting Officer

Iris Urban to lead the Property & Casualty business

We are happy to announce the appointment of Iris Urban as new Chief Underwriting Officer for our non-life business. In this role, she will oversee the underwriting strategy and management, as well as the portfolio optimisation to drive sustainable growth and profitability across the company’s Property & Casualty operations.

“We are extremely pleased to welcome Iris Urban as our new CUO, “ commented Thomas Braune, CEO of NewRe. “NewRe is committed to advancing its position as a trusted leader in the Property & Casualty market, and the appointment of Iris Urban reinforces our dedication to underwriting excellence and client-focused solutions. Her wealth of experience and knowledge will be instrumental as we continue to successfully manage the non-life portfolio in these volatile times.“

Biography

Relationship building

It’s about more than just capacity

There are many paths to success. In devising innovative solutions tailored to a client’s needs, a young and talented Property & Casualty team at NewRe impressed the client with their efficiency and commitment – and landed a new line in a coveted casualty market.

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Weaving magic

The art of teamwork

A cross-functional team can make the difference between a humdrum deal and a truly satisfying one. It also provides the credibility that clients seek. And credibility begets trust.

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Impact investing

Everything I do is new

At NewRe, taking on risk is second nature. But joining forces with the ICRC to finance humanitarian aid meant taking on a whole new world of risk. Rebecca Cichon, a senior originator with the Capital Partners team at NewRe, talks about the promise and complexities of applying private sector solutions to public sector problems.

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Facts & Figures

2023 results

NewRe’s gross premiums increased favourably from EUR 4.8 bn in 2022 to EUR 6.3 bn in 2023. But, at EUR -185 m, NewRe’s overall 2023 result stands in stark contrast to the previous year’s figure of EUR 170 m. In spite of the loss, we are pleased to report that the company maintains its financial strength and good capitalisation, expressed by our AA rating (S&P) as well as the very solid SST ratio of 233%.

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Complex solutions

Having what it takes!

A major client shows up during crunch season with a complex deal that needs to close before yesterday. You can say no. Or you can say yes – and, given the right talent and a bit of improvisation, end up with something that works to everyone’s advantage.

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Financial reports

Financial stability

NewRe’s annual reports and financial condition reports provide an overview of the company’s performance and highlights of our latest developments.

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Wind energy

Developing the future

The unpredictability of the wind has inspired poets and songwriters since time immemorial. If you’re a wind farmer, though, it can play havoc with your earnings. How do you take the guesswork out of trying to harness an elemental force?

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