Magazine date:
Mar 2014 The reinsurer Q-Re has reported a 43% increase of its underwritings during the January 2014 renewal. This performance was achieved despite the strong competition and the termination of contracts deemed unprofitable. The turnover of fire, third party liability and special risks amounted to 269 million USD.
It is the fire, credit, deposit and aviation policies, underwritten in North America that have experienced the largest increase. Conversely, the premium volume of natural catastrophes has declined by 10%. Q-Re has also increased its presence in the Lloyd's market through new shareholdings.