Echo Re, results 2018

Echo ReEcho Re, the Swiss subsidiary of the German group DEVK, founded in 2008 and based in Zurich, ended the 2018 year with a turnover of 150 million USD. The young reinsurer's total premiums of the past five years did not exceed 50 million USD.

One third of Echo Re's portfolio was made of Asian business (55 million usd). The MENA, Latin America and Africa zones together accounted for nearly 36 million USD. The European underwritings of more than 45 million USD included mainly business from the DEVK group. In terms of classes of business, motor insurance ranked first with 37% of premiums, followed, in descending order, by property damage, agricultural risks, marine and energy.

Read also | 2018 global reinsurers ranking

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