Specialty lines
The development of our specialty lines was satisfactory. This segment of non-life reinsurance includes marine and aviation business, credit and surety, structured reinsurance products, ILS (Insurance-Linked Securities), the London Market and direct business.
The premium volume climbed from EUR 2,569.2 million to EUR 2,797.7 million in the year under review. The combined ratio increased slightly from 95.0% to 96.5%. The operating profit (EBIT) for the specialty lines fell slightly short of the previous year at EUR 314.3 million (EUR 327.9 million).