NewRe cites its predictability amid uncertainty

NewRe received many enquiries for structured and alternative products at the end of last year, as some cedants tried to plug holes in their reinsurance programmes through innovation. And chief executive officer Thomas Braune says he expects another burst of requests this year—despite a more settled renewal.

“We received a lot of requests last year, which did present an internal challenge of resources, as cedants sought solutions,” he said. He said some deals were possible, but NewRe’s wider approach of offering certainty has been appreciated by brokers amid the turbulence.