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Our Mission

At Power Re we protect people and businesses against the adversities and risks they face, through comprehensive, tailor-made reinsurance solutions.

What we exist to do

At Power Re we protect people and businesses against the adversities and risks they face, through comprehensive reinsurance solutions built to the measure of each cedant. A reinsurance treaty is not a commodity. It is a promise to pay at the moment a family, an employer or a community can least absorb the loss, and the whole purpose of the company is to be able to keep that promise when it is called.

How we deliver it

We develop innovative products that combine modern risk management strategies with collaborative alliances, striking the sound balance that secures the sustainability of the company. Innovation and prudence are not in tension here. A structure we cannot price, model and fund is not innovation, and a portfolio that grows faster than its capital is not sustainable. The balance between the two is the discipline itself.

Mission

The three commitments behind the mission

Protection, sustainability and service, each one measurable rather than aspirational.

Protection that holds

Comprehensive, tailor-made reinsurance for the risks our cedants actually carry, priced so that the cover is there when the claim arrives.

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Innovation with a technical floor

Modern risk management strategies and collaborative alliances, applied only where the structure can be priced, modelled and funded.

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Sustainability of the company

A sound balance between growth, risk appetite and capital, because a reinsurer that cannot endure cannot protect anyone.

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A warm, empathetic team

We fulfil our purpose through colleagues who adapt to what each client actually needs, rather than to what is easiest to quote.

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Agile and efficient service

Clear answers, quickly. Speed in a reinsurer is a service standard, never a shortcut through the underwriting file.

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Integrity and respect

The highest standards of integrity and of respect for the community, which is how a solid reputation and genuine trust are built.

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The people who carry it

We fulfil our purpose thanks to a warm and empathetic team that seeks to adapt to the needs of our clients, providing agile and efficient service under the highest standards of integrity and of respect for the community. This is the part of a mission statement that is usually decorative. It is not decorative here. In a specialist reinsurer the underwriter who answers the submission, the actuary who prices it and the claims handler who settles it are the product, and the client experiences the company entirely through them.

Why this matters commercially

In this way we maintain a solid reputation that generates great trust. In reinsurance, reputation is not a marketing asset. It is the reason a cedant places a treaty with a young balance sheet, the reason a broker brings the submission first, and the reason a retrocessionaire offers capacity on terms. It is earned one renewal at a time and lost in a single claim handled badly.

Our mission is expressed day to day through our institutional values and through The RE Way, the operating culture that turns these commitments into behaviour.

Let’s build resilient portfolios together

Partner with a reinsurer that combines technical discipline, financial strength and deep regional insight.

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