financial institutions
report

Neil Sonnet

Head of Financial Institutions - London/Paris

Barents Re commenced underwriting Financial Institutions and Commercial Directors & Officers business on May 1st 2015, further expanding and complementing the existing lines of business already written by the company.

Although very new, we have been able to use Barents already established market presence to quickly build relationships in key territories such as MENA, Asia, and LATAM and have already had some success in attracting good quality business. The ability to leverage Barents local market knowledge will continue to be a major factor in our future success, having said that, all underwriting will remain centralized as a centre of excellence in order maintain control over spread of risk and avoid over exposure to any one geographical and/or type of account exposure.

The financial institutions and commercial directors and officers landscape is very competitive in the current market and we do not anticipate this changing in the near to medium future. In order to successfully navigate our way through this very challenging period we will continue to focus on our underwriting strategy which is one of conservative and disciplined underwriting and we will not write business simply for the sake of doing so.

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