The business is achieving a 10 percent uplift in pricing.
The carrier said its P&C reinsurance major-loss expenditure for Q4 was EUR886mn, almost double that of the prior-year quarter.
The carrier renewed its retro contracts and expanded its K sidecar to $640mn for 2019.
The manager said it also expected currently attractive cat bond opportunities to dissipate later in 2019.
The firm grew its treaty reinsurance book by 15 percent in the January renewals.
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