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.
Links to further information
Advent Capital (Holdings) PLC Board of Directors
The types of Insurance underwritten by Advent