World Insurance Report
Company profile: New Re
Nouvelle Compagnie de Réassurances (
New Re), which is majority-owned by
Munich Re, saw its pretax loss worsen from SF14mn (US$8.45mn) in 1999 to SF16mn last year following further deterioration of its underwriting
result. The company writes reinsurance business in Europe, Turkey and Israel, as well as in East and Southeast Asia.