Global Awards 2014 Shortlist
Two strong reinsurers, Catlin Re and XL Re, battled it out for first place of best reinsurer for innovation with a GWP of less than $2 billion. Catlin slipped in just ahead with a score of 7.17 out of 10, a minimal difference from XL Re’s score of 7.16.
Reinsurer Catlin Re was commended on its openness to new ideas and willingness to innovate. One respondent said that Catlin Re was a “small company with a global spread and once again are prepared to innovate on any transaction”.
Throughout the survey, Catlin Re’s underwriting team have been praised, and this category was no exception. The team was praised on its win-win attitude and its understanding of what clients want and need.
After grappling with Catlin Re for the top spot, XL Re took second position. One respondent said that XL Re has “proven that it has turned the corner”, while another responded that the reinsurer is “daring in new lines”.
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Intelligent Insurer Global Awards 2014, Best Reinsurer for Innovation (GWP of less than $2bn), Catlin Re