New Re, Geneva

New Reinsurance Company Ltd. (NewRe) is a Swiss reinsurance company founded in 1926 in Zurich, Switzerland, and has been a wholly owned subsidiary of Munich Re Group since 1988. Originally headquartered in Geneva until 2010, the company relocated its operations to Zurich while maintaining its distinct identity as a specialized reinsurer combining the efficiency and creativity of a medium-sized company with the exceptional financial strength of one of the world's leading reinsurance groups. NewRe has evolved from its traditional focus on property and casualty reinsurance to become a leading underwriter of structured life and non-life reinsurance solutions. The company offers a comprehensive portfolio including weather derivatives, parametric solutions providing quick payouts for natural disaster triggers, variable annuity reinsurance, and capital management solutions for life reinsurance. With gross premiums growing from €6.3 billion in 2023 to €7.6 billion in 2024, NewRe achieved a remarkable overall result of €220 million in 2024, marking the first time in company history that results exceeded €200 million. This represented a significant turnaround from the previous year's result of -€185 million. The company maintains strong financial credentials with an AA rating from S&P and a robust SST ratio of 213%, reflecting its sound risk management and capital adequacy. NewRe's business philosophy centers on viewing changing market environments, emerging risks, and increased complexity as opportunities for collaborative business development with clients, positioning itself as an agile and responsive partner in the global reinsurance market.