Arundo Re recorded €970 million in gross written premiums during the Jan. 1 renewals, reflecting a 13% increase at constant exchange rates compared to the previous year.
The renewals accounted for approximately 70% of the company’s portfolio. Despite stable market capacity and a changing climate, along with political and economic uncertainty, Arundo Re said that supply gradually outpaced demand as negotiations progressed, resulting in oversubscribed programs and less favorable pricing conditions for reinsurers.
The company also noted that its growth was supported by both organic expansion and rising primary insurance premiums across multiple countries and business lines.
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Arundo Re also strengthened program structures through higher deductible levels, ensuring that reinsurers become involved at appropriate thresholds.
The growth comes following the company’s major rebrand, as the French reinsurer shifted from CCR Re to Arundo Re. It was also revealed a year and a half after a consortium led by SMABTP and MACSF acquired a majority stake in the firm.
The life and health segment maintained its targeted share of the portfolio, accounting for about one-third of the total. Premium volume in this segment grew by 12% compared to 2024, supported by an expanded range of services, particularly in medical pricing and selection.
Specialty lines experienced an 18% increase, driven primarily by financial and marine sectors, bringing the total premium volume for these segments to €92 million. Arundo Re says that this expansion allows the firm to diversify its portfolio while maintaining proportional coverage structures.
Non-life reinsurance saw a 15% increase, reaching €632 million in premium volume. Growth in this segment was particularly notable in the MENA region, where significant adjustments followed the 2024 Dubai floods, and in Asia, where new business contributed to a 33% rise.
Hervé Nessi (pictured above), chief underwriting officer at Arundo Re, noted that the company has achieved double-digit growth for nine consecutive years while continuing to improve return on capital.
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