Paris-headquartered Arundo Re has announced that its new non-life reinsurance business in Asia jumped by a robust 33% at the 1 January renewals.
Non-life reinsurance at Arundo Re experienced strong growth, rising by 15% to reach EUR632m ($655m), as a whole. Apart from Asia, growth was also pronounced in the MENA region, where significant adjustments were required following the Dubai floods of 2024.
The Life & Health segment has stabilised at the desired size, representing approximately one-third of the total portfolio. Premium volume in this segment increased by 12% compared to 2024, supported by an expanding range of services, particularly in medical pricing and selection.
Specialty lines saw an 18% increase, primarily in the financial and marine sectors. This growth enables Arundo Re to further diversify its portfolio while benefiting from satisfactory insurance rates within proportional coverage structures. The total premium volume for these segments now stands at EUR92m.
The gross written premiums for the 1/1 renewal campaign—representing approximately 70% of Arundo Re’s portfolio—amounted to EUR970m, representing a increase of 13% compared to last year (at constant exchange rates).
Despite stable market capacity and a changing climate, as well as an uncertain political and economic environment, supply gradually outpaced demand as negotiations progressed. Ultimately, many programmes were oversubscribed, leading to less favourable pricing conditions for reinsurers.
Arundo Re’s significant growth was equally driven by strong organic expansion through the securing of profitable new business and a widespread increase in primary insurance premiums across most countries and lines of business. Another reason is the strengthening of programme structures, particularly through increase in deductible levels that ensure reinsurers intervene at an appropriate threshold.
Mr Hervé Nessi, Chief Underwriting Officer, stated, “For the ninth consecutive year, we have achieved a double-digit growth. But the best part of our success is that we have simultaneously improved the return on capital."
Arundo Re, formerly known as CCR Re, operates in 94 countries worldwide, in the property and casualty, life and health, as well as certain specialty lines (credit, marine, aviation, space and agriculture).