Global reinsurance

We combine all markets worldwide under global reinsurance, with the exception of our target markets of Germany and North America and the specialty lines. This segment also encompasses worldwide catastrophe business, facultative reinsurance, agricultural risks and Sharia-compliant retakaful business.

The development of markets in our global reinsurance segment was challenging in the year under review. The premium volume here surged by 24.7% to EUR 2,213.4 million (EUR 1,774.7 million). The combined ratio soared to 106.1% (87.9%) owing to an exceptionally heavy burden of major losses. The operating profit (EBIT) consequently shrank to EUR 111.9 million (EUR 356.2 million).