Advent Corporate Objectives

We have four corporate objectives

  • Advent seeks to earn in excess of a 15% return on equity over time while accepting volatility in the short term earnings arising from catastrophe events.
  • Advent is an underwriting driven company which seeks to write insurance and reinsurance business at an underwriting profit with a target underwriting profit of 15% to 20% over the insurance cycle.
  • Advent seeks to establish reserves such that it can accurately assess the ultimate results for an underwriting year of account within 18 months from the commencement of the underwriting year.
  • Advent seeks to be soundly financed such that it can withstand a significant catastrophe or series of catastrophe and remain in business to take advantage of the attractive market conditions which typically follow such an event.