Born of the public sector, serving the world reinsurance market.
From our origins in Southeast Europe, we’ve become a global reinsurer. Yet our original mission remains unchanged: enabling emerging markets to thrive by increasing insurance and reinsurance capacity.
Our origins
We’re more than a reinsurer.
Our journey
Europa Re started in 2009 with a mandate from the World Bank and regional governments to strengthen the catastrophe insurance market in Southeast Europe. Managed by an international team, we expanded in 2017 with a license from the Swiss Financial Market Supervisory Authority (FINMA) to serve clients beyond our founding nations. Today, as Europa Re AG, we insure a diverse global property and casualty portfolio, with a special focus on emerging markets.
Corporate governance
Europa Re operates with unwavering integrity, upholding the highest ethical and regulatory standards. Europa Re puts good corporate governance at the core of its business and risk management, which is enshrined in various documents such as Articles of Incorporation, Regulations of the Board of Directors, Code of Business Conduct, Underwriting Guidelines, Investment Guidelines, Financial and Accounting Manual, Internal Audit Manual and other policies.
Europa Re is fully compliant with the Swiss Financial Market Supervisory Authority (FINMA) requirements on corporate governance, risk management and internal control systems and fully observes the applicable local rules and regulations in all the jurisdictions in which it conducts business.
Our mission
Our mission is to provide reinsurance capacity where it’s needed most, and to build capacity in emerging markets by sharing our specialized expertise. As a top-tier property-casualty reinsurer, we aim to provide affordable catastrophe and weather risk insurance to homeowners, farmers, and businesses in disaster-prone regions.
Managing our risks
Risk management is fundamental to Europa Re’s business for which proper and timely identification, assessment and control of risk exposures is essential. The company bases its risk management on guiding principles that are consistently applied across all risk classes:
• Controlled risk-taking within a clearly defined risk policy and risk control framework;
• Clearly defined authority and accountability of its staff;
• Independent risk controls and regularly risk monitoring and reporting of all risk-taking activities;
• Transparency, knowledge sharing and responsiveness to change.
Our approach
Rigorous data-driven risk underwriting ensures profitability and sustainable growth for Europa RE. We also provide extensive technical support to emerging insurance markets. This expertise helps governments, communities, and their insurers address the growing challenges of climate change and other perils. By working closely with local markets, we contribute to building disaster-resilient societies.
Shareholders
Europa Re’s main shareholders are the governments of the Republic of Albania, the Republic of North Macedonia, and the Republic of Serbia, as well as Europa Re’s management.
Creditworthiness
Europa Re maintains a strong solvency position with a Swiss Solvency Test (SST) ratio of 265%. Our high SST ratio reflects strong creditworthiness and financial stability, backed by diligent underwriting and a sound investment policy.
The SST ratio is a risk-based solvency measure used by FINMA to assess an insurer’s financial stability. It compares a company’s risk-bearing capital to its solvency capital requirement (SCR). A ratio above 100% indicates that the company has sufficient capital to cover its risks, with higher percentages reflecting greater financial strength. The SST is equivalent to the EU Solvency II framework.