RenaissanceRe. Professional Indemnity Insurance

Transcription

1 Syndicate 1458 Professional Indemnity Insurance

2 Syndicate 1458 Professional Indemnity Insurance established Syndicate 1458 at Lloyd s in is a leading global provider of property catastrophe and specialty reinsurance, as well as other insurance coverages. Founded in Bermuda in 1993, the Company has gained recognition for excellence in the industry through disciplined underwriting, capital management expertise, sophisticated risk modeling and responsive client service. is traded on the New York Stock Exchange under the ticker symbol RNR.

3 PROFESSIONAL INDEMNITY INSURANCE Our Professional Indemnity business is a global book offering a tailored approach to coverage, risk management and claims service. With a distinctive flexibility, we react nimbly to changing market conditions and opportunities. Our structure allows us to be responsive and customer-driven across a range of commercial risks. We have a culture of setting high standards for the benefit of our insureds. Our expert claims professionals have a wealth of experience in dealing with complex casualty and professional liability claims, and we offer local service and quick decision making by working in partnership with our insureds. Size / Definition We evaluate each insured individually underwriting medium and large companies We aim to build partnerships through long-term relationships Limits available We offer coverage up to USD / GBP / CAD 5m for each claim / aggregate Attachment We write primary and excess lines Territories Professional indemnity insurance is available on a worldwide basis Coverage We offer a bespoke service to fit our insureds needs Lead / Follow We are comfortable as a lead or follow market Our team fully supports the subscription market approach Binders We have experience managing binding authorities writing a broad variety of coverage lines

4 TARGET CLASSES Lawyers We write a varied selection of small to multinational firms and many of the AM LAW 200 Healthcare We write a book of worldwide medical malpractice liability insurance We underwrite public and private hospitals, research units, industrial and occupational health clinics, allied health and long-term care facilities Accountants Our focus is on middle tier firms with small public audit practices Insurance Brokers We target small to medium-sized firms, but also welcome business from larger firms Architects, Engineers and Contractors We underwrite all sizes of firms, practice areas and service lines We write many of the ENR top 100 as well as smaller, regional boutiques Miscellaneous We underwrite a varied practice area and service line split We write on an open market and binder basis RATINGS A.M. Best S&P Fitch Lloyd s Overall Rating A A+ A+ Renaissance Reinsurance Ltd. A+ AA- A+ SYNDICATE STAMP CAPACITY (U.S. dollars in millions) 2011 $ $ $221

5 GROUP STRUCTURE REINSURANCE VENTURES LLOYD S Renaissance Reinsurance Ltd. Ventures Ltd. Syndicate 1458 DaVinci Reinsurance Ltd. Top Layer Reinsurance Ltd. Glencoe Insurance Ltd. Underwriting Managers, Ltd. RenRe Energy Advisors Ltd. Renaissance Reinsurance of Europe Bermuda Domiciled Ireland Domiciled United Kingdom Domiciled FINANCIAL HIGHLIGHTS Holdings Ltd. (U.S. dollars in millions) 2012* Gross premiums written $1,331.5 $1,435.0 $1,165.3 $1,228.9 Net income (loss) $343.7 $(92.2) $702.6 $838.9 Total assets $8,959.5 $7,744.9 $8,138.3 $7,926.2 Total shareholders equity $3,846.9 $3,608.5 $3,939.2 $3,840.8 * Six months ended 30 June 2012 (unaudited).

6 RENAISSANCERE SYNDICATE : Casualty as a % of Total Business Casualty 47% Property 45% Specialty 8% 2012: Casualty by Class Professional Indemnity Treaty 36% Medical Malpractice 24% Professional Indemnity Insurance 21% Other 19% : Professional Indemnity Insurance Split by Class Architects & Engineers 33% Lawyers 27% Miscellaneous PI 22% Medical Malpractice 15% Accountants 2% Consultants 1% : Professional Indemnity Insurance Split by Territory* United States 77% Canada 19% Worldwide Ex North America 4% *Domicile Insured Inforce Premium

7 KEY CONTACTS Syndicate 1458 Ed Cruttenden Casualty Underwriter Tel: +44 (0) Mobile: +44 (0) Tom Cox Casualty Underwriter Tel: +44 (0) Mobile: +44 (0) Syndicate 1458 Claims Peter McLoughlin Head of Claims Tel: +44 (0) Mobile: +44 (0) Sam Drysdale Claims Adjuster Tel: +44 (0) Mobile: +44 (0) Syndicate Management Limited Ross Curtis Active Underwriter Tel: +44 (0) Mobile: +44 (0)

8 Syndicate 1458 at Lloyd s is managed by Syndicate Management Limited, company number , incorporated in England and Wales, whose registered office and principal place of business is 18th Floor, 125 Old Broad Street, London, EC2N 1AR. Syndicate Management Limited is authorised and regulated by the Financial Services Authority. RENAISSANCERE SYNDICATE 1458 Syndicate 1458: 125 Old Broad Street London, Ec2n 1Ar U.K. Tel: +44 (0) Lloyd s Address: Box 282 Lloyd s of London One Lime Street London, Ec3m 7Ha U.K.