Welcome on PARIS RE

Clearly defined lines of responsibilities and authorities

PARIS RE's Worldwide Functional Organization enables the company to integrate market knowledge and claims review into its technical underwriting approach. Development of the Underwriting Business Plan is an on-going process that is closely aligned with the technical and commercial approach.

A worldwide network of reinsurance companies

Reinsurance activities are led by the Paris office while certain markets are addressed at the local level through underwriting centers located in Zug (Switzerland), Montreal, Singapore, Bermuda, New York, Miami and, for Space risks, Washington.

Treaty operations organized by region and by class of business: Teams of reinsurance professionals work together within a matrix organization to develop a dynamic perspective of the portfolio while maintaining a pragmatic approach to the business.
Facultative operations, a global profit center: Underwriting teams organized by class of business operate under the technical supervision and consult with Class Managers.

Key players within the organization ensure coordination at all stages of the underwriting process. Class Managers maintain and develop technical expertise within each class of business. Regional Managers are responsible for the commercial policy of each specific geographic region. Working at the corporate level, Marketing Managers maintain global relationships with clients, consolidate regional commercial strategy and coordinate business practices with the Class and Regional Managers.

Our underwriting organization is overseen by the Underwriting & Risk Management Committee of the Board of Directors, whose principal objective is to monitor underwriting policy and guidelines, management of probable maximum loss, or PMLs, retrocession policy and major loss development. In developing underwriting guidelines and monitoring risk, our underwriting and risk management committee approves general principles for risk tolerance and overall capacity allocation. The overall objective of these procedures is to achieve an appropriate return for the risk we assume while safeguarding our solvency and creditworthiness.