ULYSSE RE is a Treaty and Facultative Reinsurance broker which develops business primarily from the CEE, Africa and Middle East regions.


ULYSSE RE provides Treaty and Facultative reinsurance solutions to Insurance Companies and currently places reinsurance treaties for Insurers in Albania, Estonia, Georgia, Kosovo, Latvia, Macedonia, Moldova, Ukraine, and Zambia.

In the CEE region the main treaties it places are for Motor Third Party Liability (MTPL), Property, Personal Accident and Travel, Bonds and Surety classes.  Since 1995 ULYSSE RE has placed treaties for 75 Insurers in the CEE and Russia/CIS regions.

In the Balkan region ULYSSE RE places group programmes for 15 Insurers in Albania, Macedonia and Kosovo for Property, Domestic MTPL and Green Card MTPL.  This allows the smaller Insurers to buy reinsurance more effectively as part of a larger group.

FAC &  Direct

ULYSSE RE places Facultative and Direct risks on behalf of its partners and provides reinsurance solutions for many classes including:

  • Property and Construction (CAR) including Single Project Professional Indemnity (PI) covers
  • Energy including Power stations
  • Energy Oil and Gas both for on-shore and off-shore activities
  • Political Violence (PVI) and Terrorism
  • Political Risk and Trade Credit
  • Bonds and Surety
  • General Liability
  • Professional Indemnity including Directors and Officers (D&O) and Cyber Crime
  • Bankers Blanket Bonds (BBB)
  • Marine Hull and Machinery (H&M) and Cargo
  • Aviation including airlines, airports and Air Traffic Control (ATC) operations
  • High-value Motor
  • Personal Accident, Life and Credit Life/Unemployment

UlysseRe is a privately-owned reinsurance broker which had a long association with MAI CEE in developing reinsurance business from Central and Eastern Europe (CEE). UlysseRe was founded in 1995 and was called MAI RE for 20 years 1998-2019. Its Head office is in Riga, Latvia and it acquires business from many regions.