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(From Reinsurance)
MG: Which classes of business are you building up the most, and which are you reducing?
WZ: We consider our life and health reinsurance segment to be the rising star of the portfolio, generating profitable and low-risk secular growth. It is the only business group for which we have premium growth targets (in a range of 12-15% per annum). All the other business groups are guided only by profit targets, while volume growth is achieved on an opportunistic basis.
In certain very limited areas of property/casualty reinsurance where we are observing increasingly inadequate rates, such as US directors' and officers' liability (D&O) ...