Our Story - Instead of thinking out of the box, we looked inside...

…aiming for a strategy where risk expertise and technology are the driving force and the foundation of success.  “How can we do it better?” – This is a critical question in an industry that is currently in the process to reinvent itself, hunting for the target profitability and applying new technology, which has become the new reality while trying hard not to jeopardize the customer experience.

 

Andawrite’s “inside the box” approach is the combination of risk expertise and data management. This defines who we are and our value proposition. It is our motivation offering a winning business strategy based on risk knowledge and data culture within the Art of Underwriting, then, after all, People innovate, IT doesn’t!

Our Motivation - We strive to deliver as promised

Our Differentiated Approach

ANDAWRITE EMPOWERS THE SUPPLY CHAIN OF INSURANCE, DELIVERING SUSTAINABLE GROWTH OPPORTUNITIES TO OUR BUSINESS AND NETWORK PARTNERS:

 

We act as a hybrid risk manager when it comes to customer strategies where we provide deliverables with a 360º customer-centric perspective, offering a full range of bespoken risk services attached to digital risk and exposure assessment tools.

Our Unique Selling Proposition

ANDAWRITE DELIVERS PROFITABILITY IN A VARIETY OF MARKET CONDITIONS USING BEST COMBINATION OF FINANCIAL SECURITY AND UNDERWRITING VALUE.

 

We focus on clients who treats the risk transfer mechanism as an opportunity.

 

We offer (re)insurance products tailored to individual industry needs.

 

We raise the insurance standards with a few „klicks“ to Premium solutions.

 

We kick low-satisfaction insurance habits with a tangible customer experience.

Why Andawrite?

ANDAWRITE ACTS AS A HYBRID INCUBATOR ON BEHALF OF SPECIALIZED BUSINESS PARTNERS INTERESTED IN CREATING BESPOKEN PRODUCTS FOR UNDERSERVED SPECIALTY MARKETS.

 

We treat each Capacity Partner and Network Partner as a strategic stakeholder regardless of their financial commitment and involve them actively in our development.

 

We help our capacity and business partners building a local voice for their international branding in the target territories.

Our Business Strategy - Creating a marketplace for risk specialists

We are creating a marketplace for our Capacity- and Network Partners, helping them to grow their business by executing mandate-based strategies assisted by risk expertise and in-depth market knowledge.

MARKET FOCUS

DIRECT
Spain is our launching retail platform. Other EEA markets will follow soon.

 

FACULTATIVE
International markets managed by appointed Network Partners. No interference with target DIRECT (retail) strategy.

KEY SEGMENTS

AndaSME
Modular Multi-Peril Direct Solutions

 

AndaTECH
Technical & Engineering-led Solutions (D&F)

 

AndaSPEC
Specialty Lines Solutions (D&F) + Treaty Reinsurance

BUSINESS STRATEGY

We partner with accelerating platforms and manage portfolios on Aggregated level, creating distinctive partnership value.

 

COVERHOLDER

We deliver solutions with sufficient Capacity to influence Underwriting decisions upfront.

 

REINSURANCE BROKING

We offer complementary Broking Services for Engineering- and Specialty Lines.

 

 

Our Organization - Securing the success by providing a supportive environment

We deliver sustainable growth and attractive returns for Capacity- and Network Partners. With a variety of service platforms the individual innovation and cross-functional teamwork can flourish, while at the same time provide the leadership when the team-based environment sometimes lacks.

SPAIN

Andawrite Iberia Ltd.

(for Spain only)

 

Registered as “Agencia de Suscripción”, the coverholder delivers bespoken Direct insurance services.

 

DGSFP Registration Nr. AS0111
on behalf of Allied World Assurance (Europe) DAC (DGSFP Registration Nr. L0491)

 

 

 

 

 

Our Leadership Team - Creating a footprint in the market with a winning attitude

Andawrite foundation was formed by former Qatar Re Zurich colleagues. We work as a multifunctional and integrated team, where we also involve our business partners in each stage of development and act with full transparency.

Founding Partners' Background

Specialized Underwriters and Project Leaders who worked together in the past.
Proven insurance start-up experience.
Reputationally recognized Business Partners.

Network Partner Profile and Expectancy

An Andawrite Network Partner is an agile risk expert. With experience and judgment to manages the portfolio parameters, she/he is adapting to changing market conditions, all to achieve the agreed top-line income and portfolio profitability.

Our Capacity Partners - Acting alongside their business perspective

We are executing bespoken niche mandates. We do not write the market, we lead underwriting with our expertise and knowledge, acting alongside our capacity partners as an extension of their underwriting.

Allied World Assurance Company Holdings, Ltd is a subsiadry of Fairfax Financial Holding since 2001. Andawrite operates with it European platform, Allied World Assurance Company (Europe) DAC, which holds a S&P rating “A-“ (June 2021), and an AM Best rating “A” (June 2021).

Allied World Assurance (Europe) DAC is part of the Fairfax Financial Holding Limited headquartered in Toronto, Canada (Toronto stock code: FFH) and with 35 years of experience in the insurance market.

DARAG is a leading international insurance and reinsurance group specialising in the assumption of legacy business and the provision of capital relief solutions. DARAG  is a global business, with risk carrying subsidiaries in the EU (Germany, Malta, Italy, Luxemburg), Bermuda, the US, the UK and Guernsey.

 

DARAG offers three types of run-off transaction solutions: portfolio transfer, share purchase deal, or retrospective reinsurance.

 

DARAG is led by a management team of recognised insurance executives with extensive experience in legacy and restructuring. DARAG’s multicultural, multilingual and multidisciplinary staff enables the business to deliver tailored solutions to clients across the globe. Since 2009, DARAG has signed 48 run-off transactions from 21 countries with a volume in excess of 1.6bn euros.

Our Network Partners - Our risk knowledge and experience is “at your service”

We partner with established MGAs and boutique intermediaries to facilitate cross-selling and create preferential access to capacity we trade with, then after all, “Competition makes us faster; Collaboration makes us better.”

ANDA-UnderWRITE

Authentic
InterNational
Development
Alpine

We strive to deliver as promised.
We write portfolios from several countries and will have an international team of experienced people
We support our clients and suppliers in developing custom-made solutions.
Our origin (we are coming from the region of the Alps).