Welcome on PARIS RE

Presentation of PARIS RE Credit & Surety operations

Credit insurance protects the seller against the risk of non-payment and customer insolvency, relating to either domestic or export credit commercial trade. Surety insurance relates primarily to completion bonds, performance bonds and other forms of security written by specialized surety insurers. Our Credit & Surety portfolio is written principally on a proportional basis and primarily provides coverage for mono-line credit and bond primary insurers. The portfolio represents 10% of all gross premiums written. The credit insurance component of our credit and surety represents 86% of our credit and surety business, with surety representing the remainder.

We continue to focus on our core business of reinsuring mono-line cedants writing short-term commercial trade business, European bonds (excluding financial guarantees), and U.S. and Canadian surety. We benefit from having a dedicated team comprising two senior underwriters, a project leader and a class manager and long-standing relationships with our clients.

Over the years, we have concentrated our book of business mainly in short-term commercial trade credit and surety bonds. More recently, we returned to surety bond markets in the United States. In these lines of business, PARIS RE operates worldwide in both facultative and treaty reinsurance.

Our Key Strengths

• 22 years of experience as a major reinsurer in these lines of business
• Strong and long-lasting commitment to our clients through upswings and downswings in economic cycles