Company profile: Bavarian Re Ireland

Founded in 1992, Bavarian Re Ireland now contributes more than 20% to the overall premium income of Bayerische Rück Group. Geared towards European insurer’s treaty reinsurance needs, the company concentrates on mainly large-scale covers, which fall broadly under the heading of alternative risk transfer. However, Bavarian Re saw its pre-tax profit fall to €8mn in 1999 from €39mn in 1998, largely due to a negative investment result.