Reinsurance is a risky business. As our industry expands into new markets, there is no doubt that the level and complexity of risk will increase along with the opportunities. In previous annual reports we have described how we assume and manage the risks that are inherent in our business – strategic, operational and assumed. This year we take a broader view, focusing on external challenges that may not be immediately tied to our capital at risk, but which also have the ability to imperil our financial strength, the return to our shareholders and our organizational stability if they are not anticipated, understood and managed correctly. Begin >