Deutsche Rück sets itself apart from the rest

Deutsche Rück sees itself as one of the few reinsurers that are not under growth and profitability pressures, and is confident that the current difficult operating environment can and will be overcome, chief executive officer Arno Junke, told Monte Carlo Today.

Neither Deutsche Rück nor its capital providers, primary insurers, are listed, allowing the German reinsurer to keep out of the daily news frenzy and public discussions and putting it in a unique position, Junke explained at the Rendez-Vous in Monte Carlo.

“We don’t have growth targets and we have an ownership structure that does not demand return on investment levels similar to listed companies,” Junke said.

Deutsche Rück grew gross written income by 3 percent to €1.08 billion ($1.21 billion) in 2015 and generated a net income of €14.3 million ($16 million) primarily focusing on the German market. Deutsche Rück provides cover for mutual insurance companies, cooperative insurers and stock companies, Junke said.