Dublin and the international reinsurance market

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• Dublin and the international re/insurance market
• A presentation to the Galway Insurance Institute
• 26th October 2006
• Sarah Goddard, CEO, DIMA

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Dublin and the international re/insurance market
Results of DIMA membership survey (based on 2005
figures)

• Gross written premiums 18.2bn
• Net premiums 15.1bn
• Total assets 44.3bn
• Total capital and surplus 9.5bn

• Total cash and investments 17.7bn
• Number of employees 659
• Corporation tax charge 77m
• All other taxes 12.6m

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Dublin and the international re/insurance market
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Dublin and the international re/insurance market

• Who is in Dublin?
• Insurance
• ACE
• AIG
• Fortis
• Liberty
• Primary
• QBE
• Zurich

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Dublin and the international re/insurance market

• Who is in Dublin?
• Non-life reinsurance
• Allianz Re
• AXIS Re
• Hannover Re
• Mitsui Sumitomo
• Renaissance Re
• Swiss Re
• XL Re

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Dublin and the international re/insurance market

• Who is in Dublin?
• Life reinsurance
• Canada Life
• Hannover Re Life
• Revios
• RBC Re
• Scottish Re
• Sun Life of Canada
• Transamerica International

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Dublin and the international re/insurance market

• Who is in Dublin?
• Captives (direct and reinsurance)
• Carphone Warehouse
• Coca Cola
• Hewlett-Packard
• McDonalds
• Pfizer
• Porsche
• Volkswagen

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Dublin and the international re/insurance market
Size of global markets (2002) USbn World
wide ART market 13 World reinsurance
market 125 World insurance market 2129 Europ
ean insurance market 669 Source European
Commission study
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Dublin and the international re/insurance market
Worldwide reinsurance premiums 2003 170bn
(125bn) 90 of these written in eight major
reinsurance centres Source Group
of Thirty report, 2006

• Bermuda
• France
• Germany
• Ireland

• Japan
• Switzerland
• UK
• US

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Dublin and the international re/insurance market
Global Reinsurance Industry (2003)
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Dublin and the international re/insurance market
Comparative markets (2004) - bn
Source Company results, IIF, DIMA
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Dublin and the international re/insurance market
Creativity Can Ireland stay ahead of the curve?
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Dublin and the international re/insurance market
Reputation Deconstructing the myth and
establishing the reality
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Dublin and the international re/insurance market
Regulation Help or hindrance?
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Dublin and the international re/insurance market
Opportunities and threats What does the future
hold?
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Dublin and the international re/insurance market

• Thank you